http://www.ascensionrealestateappraisers.com/ – Ascension Parish Real Estate Eye’s Blog – $7.7 Million Lots Sale Indicates Trend Of Smaller, More Affordable Homes To Be Build and Sold.
The Baton Rouge Business Report is reporting a $7.7 Million Lots Sale In Keystone Of Galvez Subdivision, purchased by the very active Vicknair Builders.
Here’s the link and snippet:
http://www.businessreport.com/archives/daily-report/2009/may/27/1000/
“Developer Kevin Nguyen sold 199 lots in his Keystone of Galvez subdivision to A and T Management. A and T, headed by Allen Tomlison, paid $7.7 million for the lots off La. 933 in a deal that happened Tuesday. Tomlinson bought 145 lots at $40,000 each and 54 lots at $35,000 per lot. They will construct houses on them for sale. Tomlinson and Vicknair builders have been buying lots in Galvez in blocks of 10 for the past year before they went ahead and bought out the rest of the developed properties in the subdivision. Nguyen kept the remaining land that has been approved for an additional 500 lots. He will install utilities and develop the lots as market conditions improve.—Tom Cook”
