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Kerry Mormann of Berkshire Hathaway HomeServices California Properties Closes Rancho Cañada Larga in Ventura County for $27.65 Million

Business

Kerry Mormann of Berkshire Hathaway HomeServices California Properties Closes Rancho Cañada Larga in Ventura County for $27.65 Million
Business

Business

Kerry Mormann of Berkshire Hathaway HomeServices California Properties Closes Rancho Cañada Larga in Ventura County for $27.65 Million

2026-01-06 19:00 Last Updated At:01-07 13:17

MONTECITO, Calif.--(BUSINESS WIRE)--Jan 6, 2026--

Berkshire Hathaway HomeServices California Properties is proud to announce the successful closing of Rancho Cañada Larga, a ±6,500-acre historic ranch in Ventura County, California, in a landmark $27.65 million land conservation transaction. The sale, which closed on December 22, 2025, represents one of the largest land conservation achievements in Ventura County history.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260107885356/en/

The property was represented by Kerry Mormann of the Montecito office of Berkshire Hathaway HomeServices California Properties and was acquired by the Trust for Public Land. The acquisition ensures the permanent preservation of Rancho Cañada Larga as a public park, protecting one of the last major undeveloped land parcels in California from future development in perpetuity.

Rancho Cañada Larga spans approximately 6,500 contiguous acres of rolling hills, streams, oak woodlands, and open pastureland. Located on the eastern side of State Highway 33, the ranch encompasses the Manuel, Weldon, Fresno, and Aliso Canyon watersheds, all of which are now permanently safeguarded from development. The property’s northern elevations offer expansive views of the Los Padres National Forest, the Ojai Valley, Lake Casitas, the Ventura River Valley, and the Pacific Ocean, including views of Anacapa and Santa Cruz Islands.

Prior to its preservation, Rancho Cañada Larga had been identified as a major development opportunity, with preliminary plans contemplating the construction of up to 1,000 homes as well as a proposed landfill. The conservation outcome marks a decisive shift away from intensive development, prioritizing environmental protection, watershed preservation, wildlife habitat, and public access.

Owned by only two families since the late 1800s, Rancho Cañada Larga carries significant historical and agricultural value. The ranch has remained largely unchanged for more than a century and is currently used solely for cattle grazing. Its scale, continuity, and ecological diversity make it one of the most significant remaining private landholdings in Southern California.

“This transaction demonstrates what is possible when landowners, conservation organizations, and experienced representation align around a shared vision for the future,” said Kerry Mormann. “Rancho Cañada Larga is a truly irreplaceable landscape. Preserving it as open space ensures that its natural beauty, watersheds, and ecosystems will benefit the public for generations to come.”

The Trust for Public Land’s acquisition of Rancho Cañada Larga reflects a growing emphasis on large-scale conservation projects that address climate resilience, water protection, and access to nature. As a future public park, the property will contribute to regional open-space connectivity while protecting critical natural resources in Ventura County.

About Kerry Mormann

Kerry Mormann has specialized in the sale of land and ranch properties along California’s Central Coast for nearly 50 years, with a longstanding focus on environmental conservation. His client base includes major corporations such as Chevron, Ticor Title Insurance, and Wells Fargo Bank. Among his career highlights is the sale of the Cojo-Jalama Ranch in 2007 for $135 million.

Mormann currently serves as Team Lead of Kerry Mormann and Associates – Coastal Ranch, as well as Director of the Ranch & Lifestyle Division at Berkshire Hathaway HomeServices California Properties. He is a registered Luxury Specialist and consistently ranks in the top one-half of one percent of Berkshire Hathaway HomeServices agents worldwide.

About Berkshire Hathaway HomeServices California Properties

Berkshire Hathaway HomeServices California Properties is a wholly owned subsidiary of HomeServices of America, Inc., and a member of HSF Affiliates, LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate.

The historic ±6,500-acre Rancho Cañada Larga in Ventura, California, has been sold to a conservation buyer, ensuring the preservation of its agriculture and open space for public benefit in perpetuity. The property was listed by Kerry Mormann of Berkshire Hathaway HomeServices California Properties. (photo credit: Eric Foote, Elevated Horizon)

The historic ±6,500-acre Rancho Cañada Larga in Ventura, California, has been sold to a conservation buyer, ensuring the preservation of its agriculture and open space for public benefit in perpetuity. The property was listed by Kerry Mormann of Berkshire Hathaway HomeServices California Properties. (photo credit: Eric Foote, Elevated Horizon)

HANOI, Vietnam--(BUSINESS WIRE)--Jan 13, 2026--

FPT, through its global IT services subsidiary FPT Software, has achieved ISO/IEC 42001:2023, the first global standard for Artificial Intelligence (AI) Management Systems. With this milestone, FPT became the first company in Vietnam and the second in Southeast Asia to earn this recognition, underscoring its commitment to responsible AI development and deployment with consideration for fairness and impartiality, privacy and security, safety, quality and robustness, governance, transparency and explainability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260112494011/en/

The certification was issued by the world’s leading testing, inspection and certification company SGS and qualified by ANAB (ANSI National Accreditation Board) - a leading U.S. accreditation body with global recognition. ISO/IEC 42001 specifies requirements for establishing, implementing, maintaining, and continually improving AI management systems, allowing organizations to effectively manage risks and opportunities associated with AI, balancing innovation with compliance.

Achieving ISO/IEC 42001:2023 reflects FPT’s capability in AI governance, encompassing ethics, risk management, transparency, compliance, and ensuring alignment with both business goals and societal values. It also strengthens FPT’s position as a trusted technology partner for global organizations, especially those in highly regulated industries such as banking and financial services, automotive, healthcare, energy, and the public sector. The milestone further solidifies FPT’s position as an AI-first company, strengthening its foundation for scaling AI responsibly while helping clients navigate evolving regulatory, ethical, and operational challenges associated with AI adoption.

“As an AI-first company, we pledge to prioritize safety, ethics and accountability at every stage of our AI lifecycle. By continuously governing AI development and implementation processes, we provide our clients and partners with the assurance that our solutions are built with responsibility, transparency and adhere to international excellence,” said Dao Duy Cuong, FPT Software EVP and Chief Digital & Technology Officer, FPT Corporation.

FPT actively promotes responsible AI development as a founding member of the AI Alliance led by IBM and Meta, and the Vietnam Ethical AI Committee. The company is committed to embedding rigorous AI governance across its global operations and solution portfolio, including its flagship AI platform FleziPT, which boosts productivity by 30%, accelerates development by 60% and reduces 50% in rework. The company also maintains co-creation partnerships with global leaders like AWS, Microsoft, SAP, and NVIDIA to deliver tailored solutions for industry-specific challenges. Supporting these efforts is a workforce of over 25,000 AI-augmented, globally certified engineers, and world-class infrastructure including cutting-edge AI Factories in Vietnam and Japan, which have been ranked among the world’s Top 40 fastest supercomputers. Expanding its AI footprint, FPT is developing a new Research Center in Gia Lai Province, Vietnam, which is expected to become a critical component of its global AI development network, supporting high-quality talent cultivation for both the local community and the nation.

About FPT

FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam, operating in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit https://fptsoftware.com.

FPT received ISO/IEC 42001:2023 certification during the certification award ceremony in Hanoi, Vietnam

FPT received ISO/IEC 42001:2023 certification during the certification award ceremony in Hanoi, Vietnam

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