I suspect this could be a scheme for foreign (almost always Chinese) cash laundering for multiple "clients", where client A bought the property with cash to be laundered then client B bought from client A so that A's cash becomes clean and then B waits for client C to buy. The ruthless (Chinese)...
Thanks for the info.
"Toll Brothers has been pre-selling their first phases on their current developments", is this referring to the lots in Great Park?