Real estate boomed, and a syndicate led by Harry Chandler, business manager of the Los Angeles Times, with Hobart Johnstone Whitley, Isaac Van Nuys, and James Boon Lankershim acquired the remaining 47500 acres of the southern half of the former Mission lands—everything west of the Lankershim town limits and south of present-day Roscoe Boulevard excepting the Rancho Encino.