Sales of Land May Net Orange Firm $6.7 Million

The Centennial Group, a real estate development company based in Orange, expects to realize a profit of $6.7 million from two parcels of land it has sold in Corona and the Sacramento area.

A 1,608-acre parcel northwest of Roseville--bought by Centennial on June 30--was sold to RJB Interests for about $23.5 million. The property is planned for mixed uses, including commercial, shopping center, retail and residential.

Ferguson/Woloson Partners in Orange bought the 16-acre commercially zoned tract in Corona for $6 million. Centennial acquired that property in 1980.