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REAL ESTATE

Compiled by Michael Flagg, Times staff writer

John Laing Homes bought 54 acres in Moreno Valley and will build 250 homes on the land.

The acreage is part of the 4,000-acre Moreno Valley Ranch under development by Warmington Co. of Costa Mesa.

Laing, of Laguna Hills, is the U.S. subsidiary of a British company that has built mostly inexpensive houses in the Inland Empire.

Laing said the price tags for houses on its Moreno Valley land would range between $136,000 and $173,000.

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