Deals
CalSTRS Forms New US Housing JV
The California State Teachers’ Retirement System has formed a joint venture with New York-based private equity real estate firm GTIS Partners to initially invest $204 million in homebuilding and residential lot development across the US.
Lennar to Buy CalAtlantic
A $5.7 billion deal would create the nation’s No. 1 builder by revenue, and challenge D.R. Horton from the current recovery to the next.
Landsea Homes Plans Newport Beach Townhomes
Landsea Homes, the U.S. arm of China-based Landsea Group, has acquired 1.2 acres adjacent to Lido Marina Village in Newport Beach.
Lennar Acquires 19 Acres in Fontana, CA
Lennar Homes has acquired a site entitled for 102 single-family lots in Fontana, Ca. from the Goodman Family, a southern California developer.
San Diego Res Development Land Sells for $64/SF
A 3.47-acre residential land parcel located within the Pacific Highlands Ranch community in San Diego sold for $9.73 mil ($64/sf).
Developer Acquires 19 Lots in L.A.’s Silver Lake
Ridge Crest Real Estate, LLC, has acquired two sites entitled for 19 small lot detached units in Silver Lake, CA. from Amreal GP Investors, LLC and Amreal Hyperion Investors, LLC, subsidiaries of Amoroso Development Company.
Shopoff Realty Investments Sells 16.1 Acres of Land After Securing Entitlements for 124 Two-Story Townhomes in Vista, CA
Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that the company has sold 16.1 acres of land entitled for 124 two-story townhomes in the Northern San Diego County suburb of Vista, CA, to a residential developer.
FivePoint Buys Back Broadcom Office Campus in Deal That Could Add 1,000 Homes to Great Park Neighborhoods
Great Park developer FivePoint Communities is buying back Broadcom’s new office complex in Irvine, the company announced Thursday, in a deal that could add 1,000 homes to the total being built on land surrounding the park.
Landmark Obtains Financing For Second RC Hobbs Community
Landmark Capital Advisors, Newport Beach, on Tuesday announced a successful $9.5 million AD&C loan and JV Equity transaction in Riverside, Ca. on behalf of home builder RC Hobbs Company, the
Anaheim Warehouse Targeted for Residential Redevelopment
Irvine, CA-based Shopoff Realty Investments, in partnership with funds managed by Argosy Real Estate Partners, acquired a 20.5-acre property in Anaheim, CA through a sale-leaseback transaction. The new owner plans
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