Cook Hill Properties to Build 1,200 Homes on Oil Property in Montebello

Whittier Daily News

The new owners of the development company planning to build 1,200 homes in the Montebello hills said the firm plans to continue with the project. Newport Beach-based Cook Hill Properties is behind the plan to build the homes on 488 acres of oil property in Montebello. The developer was among the California properties and businesses owned by a subsidiary of Freeport-McMoran, an international mining giant.

Read More

Previous Lots: Builder's Two Big Questions in 2017
Next KB Home (KBH) Tops Q4 Earnings Estimates, Backlog Strong

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

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

City of Industry’s Plans for 2,450-Acres of Pristine Ranch Land are a Mystery

In a rolling swath of cattle pastures, oak woodlands and canyon creeks straddling the borders of Los Angeles, Orange and San Bernardino counties, civilization grinds to a halt. Tucked in

Land/Projects

Characteristics of Land Loans

Chuck Salas, with private lender Seattle Funding Group, discusses what borrowers of land loans should be aware of. Among the characteristics of land loans that borrowers should be cognizant of: