Big Blow Dealt to Santa Clarita Mega-Project

The Newhall Ranch project in the Santa Clarita Valley area of Los Angeles County was dealt a major setback by the California Supreme Court which rejected the sufficiency of its environmental impact report. The court held that the EIR did not provide enough information on greenhouse gas emissions and did not provide for adequate protection for the endangered unarmored threespine stickleback. The ruling is likely to push the timeline for the 19 square mile, 20,000 unit project back by at least a couple of years.

Read More

Previous Headwinds at Home Causing Pause in Chinese Buying
Next KB Misses on 4Q 2015 Earnings

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

Land/Projects 0 Comments

Lot Production on Upward Trend

In the depths of the housing cycle, lot production nationwide was virtually nonexistent. As the housing recovery progresses, the finished lot creation machine seeks to keep up with builder housing

Land/Projects 0 Comments

Orange County Remains a Hotbed of Masterplan Activity

This study from Metrostudy confirms what we already knew – Orange County is the land of the masterplan. Three out of the Top 20 masterplans in the country (as measured

Land/Projects

MBK Set to Open in Gardena

MBK’s 1500 Artesia Square project in Gardena is scheduled to open for sale this month. Located in the City of Gardena’s Artesia Corridor Specific Plan, where MBK successfully closed out