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 Pinewood property, one of the largest in-fill development sites in the San Gabriel Valley, is located along Village Loop Road. Richard Byrd and Tim Barden of the Los Angeles in-fill team of Land Advisors Organization represented Phillips Village Investors LLC in the sale of the property which closed last week.

Read More

Previous Brown Revisits Efforts To Increase Housing Construction
Next Home Ownership Wanes in California

About author

Michael Anderson
Michael Anderson 244 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

Construction on New Improvements at Orange County Great Park Begins

As part of agreements made between the City of Irvine and FivePoint Communities in connection with the development activities of FivePoint in the immediate area, $250M in improvements commences at

Land/Projects 0 Comments

Foremost Communities Closes on Deerlake Ranch in Chatsworth

Local Southern California developer, Foremost Communities, with equity backing from Starwood Capital closes on the 230-acre Deerlake Ranch project in Chatsworth. The project will be developed for 314 lots across

Land/Projects 0 Comments

The Risks of Owning Land

The most alternative of asset classes, land provides opportunities to earn multiples on investment but can also become a completely illiquid anchor – sinking companies who hold too much of