100 Townhome Units Coming to Pomona

Local investor, Tom Y. Lee, closed on a 7.5-acre site in Pomona for development of 100 townhomes. The project is located at 2887 Towne Ave. and is nearing completion of entitlements. The site will now almost certainly be sold soon to a large homebuilder who will then undertake physical improvements and vertical construction of the project.

Read More

Previous Sales Pace Surge and Price Appreciation in SoCal
Next Existing Home Sales Jump in March

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

Building Activity Steps Up in the OC

OC has been a hub of new home construction activity so far this cycle, and the pace seems to be accelerating in reaction to strengthening housing market conditions. In this

Land/Projects

A Look at the Massive Hollywood Park Project

The Hollywood Park project in Inglewood has been in the works for over a decade and it finally appears as meaningful strides are being taken to bring it to fruition.

Land/Projects

Brandywine Breaks Ground in Carson

Local infill developer, Brandywine Homes, has broken ground on Brighton, a 60-unit single-family home development in Carson. The homes are expected to start at $500,000 and brings much needed new