Archive

Land/Projects

Redondo Beach Rejects Deal with Legado for 115 Units on PCH

By Kelcie Pegher – Setting the stage for a court battle that could cost the city millions of dollars, Redondo Beach has rejected a deal with the developer behind a

Homebuilders / Land Developers

For Frontier Enterprises, a Muted Entry into Medical Marijuana in Adelanto

By Shea Johnson – The massive medical marijuana park that broke ground Thursday, in an up-the-ante signal of this industry’s transformative powers, is backed by an unlikely company. Frontier Enterprises,

Deals

Land Advisors Brokers Sale of Inland Empire Community to KB Home

Land Advisors Organization on Thursday announced the successful closing of Phase 1 involving 77 fully entitled lots of Summit at Fontana, a 29-acre residential community including a total of 171

Housing Market

South County Is Where The Land Is

By Carrie Rossenfeld South County remains one of the only places in San Diego County where a large, master-planned community can be introduced, and it offers more-affordable product relative to

Homebuilders / Land Developers

Meritage 4th-Qtr Profit Flat, But Beats Estimates

Net earnings for the fourth quarter of 2016 were $51.8 million or $1.22 per diluted share, compared to $52.9 million or $1.26 per diluted share reported for the fourth quarter

Homebuilders / Land Developers

MDC 4th-Qtr Profit Up 79%

M.D.C. Holdings (NYSE:MDC), Denver, parent of Richmond American Homes, on Wednesday reported net income of $40.4 million, or $0.78 per share, for the fourth quarter ended Dec. 31, 2016. The

Housing Market

Hand-Wringing Over Rising Rates

By John McManus Are rising interest rates eroding demand momentum? It’s really tough to do the math, because cause-and-effect doesn’t come purely into play, and even correlations are hard to

Homebuilders / Land Developers

Brandywine Homes Closes 116 New Homes, Opens Seven Communities, Breaks Ground on Four New Neighborhoods in 2016

Brandywine Homes, a pioneer of infill development in Southern California, closed 116 homes, opened seven new communities and broke ground on four new communities in Southern California in 2016. The

Housing Market

New-Home Sales Up for Fifth Straight Year

By Frank Nothaft Low mortgage rates, job growth, and an improving consumer optimism have all supported the recovery in home sales during the last few years. Both sales of newly

Homebuilders / Land Developers

Taylor Morrison Homes Beats Earnings Estimates

By Mike Sunnucks Scottsdale-based Taylor Morrison Homes Corp. (NYSE: TMHC) reported earnings of 63 cents per share — 65 cents per share when not including certain charges — in the