An LLC formed by Global Investment & Development (Aaron Rivani, Joseph Rivani, Principals) has acquired 95 acres located in the City of Palmdale.  The Seller of the property was a syndicate of banks which had held a first trust deed and acquired title through trustee sale in March.  The property is located south of Pearblossom Highway (138) and east of the 14 freeway in an area which has little remaining developable land besides this property.

The deal was brokered by Michel Faris of Park Place Land Advisors.

Global Investment has been an active player in the vulture market and can be reached at 213-365-0005.

Michel Faris can be reached at 949-852-8288.