401-acre Newport Beach Banning Ranch development project rejected

myNewsLA

By Toni Mcallister

The proposed developer of Banning Ranch blasted the California Coastal Commission Thursday for upholding a preliminary decision in September to reject the developer’s plan. “Today, the commission adopted findings for the September 2016 Newport Beach Banning Ranch hearing that do not accurately reflect the basis for the commission’s decision,” said Sam Singer, a spokesman for Banning Ranch, one of the largest open private parcels of coastal land in Southern California.

Read More

Previous Director of Land Acquisitions
Next Middle-class Workers in California are Struggling to Find Homes They Can Afford

About author

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.

View all posts by this author →

You might also like

Deals

Lennar to Build 124 Homes in the Phillips Ranch area of Pomona

Lennar Corp. has purchased a 13.9-acre site in the masterplanned Phillips Ranch area of Pomona where it plans to build 124 homes and 6,000 square feet of retail space. The

Land/Projects 0 Comments

Foreign Investors Playing Larger Role in High-Profile Land Segment

Top CBRE broker, Laurie Lustig-Bower, has a front row seat to the influence foreign investors are having on the trophy, land asset market. While in Southern California, the outsize buys

Land/Projects

Bressi Ranch housing project gets the OK

By Steve Puterski After a marathon session of presentations, discussions and remarks from the public, city council approved on Tuesday a controversial project in Bressi Ranch. After nearly four hours