The New Home Company Under Contract for $250M+ of Prime OC Land

The New Home Company Under Contract for $250M+ of Prime OC Land

The New Home Company is looking to expand its presence in the high-end Orange County housing market with the acquisition of four sites from The Irvine Company. The $250M+ land buy looks to be a structured transaction, with rolling option takedowns, involving two sites in Crystal Cove in Newport Coast and one site each in Orchard Hills and Portola Hills.

Read More

Previous Homebuilder Sentiment Dips in May
Next Prices and Sales Volume Up in Southern California

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

How Big Builders Leverage School Quality into Profits

In the following article in Big Builder, a useful summary of analysis undertaken by Raymond James is set forth. Public builder land positions are graded by tiers (based on quality


Trumark Companies Launches Masterplan Subsidiary

The Trumark Companies recently announced the formation of Trumark Communities to acquire and develop masterplan opportunities with the goal of selling improved lots to merchant builders. Peter Kiesecker, a former

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