Posts From Michael Anderson
California Supreme Court to Decide on Banning Ranch Development
The California Supreme Court heard oral arguments on Jan. 4 in a case to decide the fate of Newport Beach’s Banning Ranch. The Banning Ranch Conservancy alleges that the city
California Home Sales Down 7% in December
Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace
Brandywine Homes Hires Two Vice Presidents for Development
Brandywine Homes, a pioneer of infill development in Southern California, announced today it has hired two industry veterans to serve as vice presidents of development. Brian M. Geis, former senior
RC Hobbs Gets Financing for 33-Home Community
Landmark Capital Advisors, a real estate capital advisory firm specializing in structured finance and private equity, announced a successful $9 million AD&C loan and JV Equity transaction in Rialto, CA.
This Forecast isn’t Pretty for Southern California Home Prices
While many housing forecasts call for moderate price gains in 2017, an outlook from Clear Capital may be one of the most circumspect on the prospects for Southern California real
City of Industry Offers $100 million for Tres Hermanos Ranch
The City of Industry plans to offer $100 million for 2,500 acres of rolling hills and sprawling pastures between Diamond Bar and Chino Hills, with officials saying they want to
Home Ownership Wanes in California
Our state’s housing crisis increases homelessness, costs people jobs and lengthens commutes, all serious problems. On the most basic level, though, what the shortage of affordable housing does is deny
Lennar to Build 124 Homes in the Phillips Ranch area of Pomona
Lennar Corp. has purchased a 13.9-acre site in the masterplanned Phillips Ranch area of Pomona where it plans to build 124 homes and 6,000 square feet of retail space. The
RSI Communities Buys Beaumont Site
Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood. RSI
KB Home (KBH) Tops Q4 Earnings Estimates, Backlog Strong
KB Home KBH reported impressive fourth-quarter fiscal 2016 earnings of 40 cents per share that surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. On a year-over-year basis, the
