Ryland Homes buys land for 90-home Palmer Reserve

BUYER: The Ryland Group Inc. (principals: Timothy Geckle, Larry Nicholson, Gordon Milne, Rene Mentch, Joseph Sabella and Sheri Markham), Westlake Village, Calif.
SELLER: JB and WF LLC
PROPERTY: 7500 Palmer Blvd. and additional land, Sarasota
PRICE: $5.37 million
PREVIOUS PRICE: $5.3 million, December 2012
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION: Westlake Village, Calif.-based Ryland Homes purchased 26.83 acres of vacant land across the street from Tatum Ridge Elementary School for $5.37 million.

The price equated to $200,260 per acre.