Posts From Michael Anderson

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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Deals

FivePoint Buys Back Broadcom Office Campus in Deal That Could Add 1,000 Homes to Great Park Neighborhoods

Great Park developer FivePoint Communities is buying back Broadcom’s new office complex in Irvine, the company announced Thursday, in a deal that could add 1,000 homes to the total being built on land surrounding the park.

Homebuilders / Land Developers

Benchmark Communities Brand Will Transition to Century Communities.

Communities, Inc., Greenwood Village, Col. (NYSE: “CCS”) Friday announced it has completed its previously announced merger with UCP, Inc. (NYSE: “UCP”).

Land/Projects

Commission Turns Down 180 Homes

By Marianne Napoles A proposal to rezone 30 acres of rural land to build 180 residential units in northern Chino created the inevitable clash between a housing developer and a

Housing Market

Jobs, Good Jobs, and Home Buying

By John McManus Tech pioneer Kodak, headquartered in the upstate New York city of Rochester, employed 145,000 workers in 1988, to manufacture, distribute, and market its film and cameras. Today,

People

Intracorp Cos. Adds SoCal President

Los Angeles—Intracorp Cos. has appointed Brad Perozzi as president in South California. In his new role, Perozzi will drive business strategy and have executive leadership for the entire organization, including

Land/Projects

First Look At 21 Small-Lot Homes To Be Built Next To Barnsdall Park

By Bianca Barragan We’re getting a look at a new complex of 21 small-lot homes that’s in the works for a site at the corner of Hollywood Boulevard and Berendo

Housing Market

Builders Say Union-Backed Wage Bill Could Raise Housing Costs

By Philip Molnar The latest fight between the homebuilding industry and unions is brewing in Sacramento over a bill that could require higher wages to workers on many residential projects.

Homebuilders / Land Developers

Tri Pointe Profit Slips On Geographic Shift

TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income

Housing Market

Measure S: 8 Things To Know About LA’s Anti-Development Ballot Measure

By Jenna Chandler The fight over tall buildings, neighborhood character, and how to add much-needed density to Los Angeles is playing out as a clash between homeowners and real estate

Homebuilders / Land Developers

Toll Reports $70 Million Profit

Toll Brothers, Inc., Horsham, Pa. (NYSE:TOL) on Wednesday reported net income of $70.4 million, or $0.42 per share, for its first fiscal quarter ended Jan. 31, compared to net income