Lennar Leading Bidder for Last 2 El Toro Parcels
From Times Staff and Wire Reports
Bidding continued Tuesday on two remaining parcels of land being auctioned at the former El Toro Marine base, keeping the auction open at least one more day.
The parcels total about 2,600 acres of the 3,700-acre former airfield, which is slated for redevelopment. Bids for the two parcels totaled $464.5 million at 3 p.m. Tuesday. Homebuilder Lennar Corp., which won the first two parcels for $185 million, was the highest bidder for the rest, kicking in an additional $20 million Tuesday against one other bidder.
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