KB Home Purchases Milpitas Industrial Location for $43.9MM

One of the nation’s largest homebuilders, KB Home, closed on a deal in Milpitas just days before the end of the year buying 1210 California Circle for $43.9 million, according to public documents. The deal, which closed on December 29th, is interesting in the sense that an existing industrial building is on the location today, an indication of where the market and the builders see greater financial upside these days in Milpitas.