September 16, 2014 Comments 0 0

Mothballed Riverside Mega-Project Comes Back to Life

Spring Mountain Ranch, in the City of Riverside, a 1400-unit mothballed housing development begun during the last housing cycle, sees renewed activity with KB Homes, in a joint venture with landowner, iStar Financial, recommencing development activity. When sales activity in Spring Mountain commences in October of this year, it should be telling as to whether the generally depressed Inland Empire housing market will be able to support a development of this magnitude in an interior location.

Read More

Previous Orange County Remains a Hotbed of Masterplan Activity
Next Another Elephant Hits the Market
Tags IStar FinancialKB HomesRiverside CountySpring Mountain Ranch
Category Land/Projects

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

The Risks of Owning Land
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

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

Storm Properties Picks Up Property in Harbor City
Land/Projects

Storm Properties Picks Up Property in Harbor City

Storm Properties recently purchased unentitled property from the International Church of the Foursquare Gospel in Harbor City within the South Bay area of Los Angeles. Storm intends on entitling the

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply