Big Blow Dealt to Santa Clarita Mega-Project

The Newhall Ranch project in the Santa Clarita Valley area of Los Angeles County was dealt a major setback by the California Supreme Court which rejected the sufficiency of its environmental impact report. The court held that the EIR did not provide enough information on greenhouse gas emissions and did not provide for adequate protection for the endangered unarmored threespine stickleback. The ruling is likely to push the timeline for the 19 square mile, 20,000 unit project back by at least a couple of years.

Read More

Previous Headwinds at Home Causing Pause in Chinese Buying
Next KB Misses on 4Q 2015 Earnings

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

Bella Vista Opens Celebrated Luxury Homes

A beautiful day lies ahead for eager home buyers getting their first look at the home sites of Bella Vista on McAllister. Join us on January 28th at 10 a.m.

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

Land/Projects

The Top-Selling Master-Planned Communities of 2016 Part 1

Home sales at the nation’s 20 top-selling master-planned communities (MPCs) surpassed 2015 totals by 6%, with 20% of communities experiencing more than 40% growth in sales. Texas, Florida, and California