Archive
Brookfield Has Big Plans for Nelles Property in Whittier
Brookfield Residential Properties is currently undergoing the entitlement process for 74-acres in Whittier, the former site of the Fred C. Nelles Youth Correctional Facility. The planned mixed-use project could see
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
City Ventures Withdraws IPO
Prolific Newport Beach-based private developer/builder, City Ventures, withdraws $150M IPO plans. While homebuilder stocks have rallied over the past month on news of potential changes in mortgage regulations, the overall
Mortgage Credit Likely to Expand
Recent announcements from government agencies involved in the mortgage industry indicate that mortgage credit is likely to expand soon. Among other imminent changes are lower down payment requirements which would
Industry Veteran Tom Grable Promoted to Division President
Long-time homebuilding industry veteran Tom Grable is promoted to Southern California Division President of TRI Pointe Homes. With TRI Pointe’s merger with Weyerhauser’s homebuilding operations earlier this year, Tom takes
Lennar Begins Construction on 450-Unit Rental Project in West Covina
One of the nation’s largest homebuilders, Lennar, commences construction on a 450-unit mixed-use project in West Covina. As one of eight projects in their Southern California multi-family portfolio, it appears
14.3 Acres in Santa Ana on the Market
Freedom Communications has placed on the market 14.3 acres of land surrounding the headquarters for the Orange County Register with bids due on October 22, 2014. It is anticipated that
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
Status of Recovery?
In this snapshot of where we are on the road towards a “normalized” housing market, Trulia chief economist Jed Kolko examines five key factors that impact the market. Bottom line
Sluggish Sales Volume
Sales volume for new and existing homes continues to struggle to find upward momentum. With investors leaving the market in the face of high prices and “normal” buyers still struggling
