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REAL ESTATE

Compiled by Michael Flagg, Times staff writer

The Fieldstone Co., a Newport Beach home builder, bought 89 acres in San Bernardino County’s Chino Hills for $18 million.

Riverdale Management Co. of El Toro is developing a 1,700-unit, master-planned community called LaBand Ranch in Chino Hills, just west of the Corona Freeway.

Fieldstone bought the land from Walter LaBand of Riverside. Grubb & Ellis Co. handled the transaction.

Fieldstone will build 420 single-family houses on the land.

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San Bernardino and Riverside counties represent one of the nation’s hottest housing markets, drawing throngs of home buyers from Los Angeles and Orange counties with lower home prices.


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