100 Townhome Units Coming to Pomona

Local investor, Tom Y. Lee, closed on a 7.5-acre site in Pomona for development of 100 townhomes. The project is located at 2887 Towne Ave. and is nearing completion of entitlements. The site will now almost certainly be sold soon to a large homebuilder who will then undertake physical improvements and vertical construction of the project.

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Previous Sales Pace Surge and Price Appreciation in SoCal
Next Existing Home Sales Jump in March

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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18 Acre Infill Site Acquired by Shopoff Land Fund II

INGLEWOOD, CA-Shopoff Land Fund II has secured $22.5 million in equity and debt financing to acquire and entitle an 18.6-acre infill land site in Inglewood, CA, The financing covered 82%

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Escondido Commission OKs Major Housing Development

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