Land/Projects
Williams Breaks Ground on Sylmar Project
Williams, with financing from Presidio Residential Capital, has begun work on the Foothill 74 townhome project in Sylmar which is located in easternmost Ventura County. The project consists of 74
Zephyr Closes on Dana Point Parcel
Zephyr Partners, a San Diego-based developer, closed on a nine-acre property in Dana Point adjacent to Doheny State Beach and Dana Point Harbor. The estimated purchase price was $50 million.
Five Point Communities Files to Go Public
Five Point Communities, a master plan developer whose projects include Great Park in Irvine and Newhall Ranch in Santa Clarita, filed to go public. The Lennar-affiliated entity will continue to
Land Shortage Impeding New Home Supply
In a May survey by the National Association of Homebuilders, 60% of respondents stated that the overall supply of developed lots was low to very low, the highest percentage since
MBK Set to Open in Gardena
MBK’s 1500 Artesia Square project in Gardena is scheduled to open for sale this month. Located in the City of Gardena’s Artesia Corridor Specific Plan, where MBK successfully closed out
Low Lot Supply an Issue for Builders
62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in
Trumark Companies Launches Masterplan Subsidiary
The Trumark Companies recently announced the formation of Trumark Communities to acquire and develop masterplan opportunities with the goal of selling improved lots to merchant builders. Peter Kiesecker, a former
City of Industry Plans to Sell Large Parcel in Chino Hills
The approximately 2,500-acre Tres Hermanos Ranch property owned by the City of Industry, but falling within the borders of Diamond Bar and Chino Hills, will be marketed soon by land
The New Home Company Under Contract for $250M+ of Prime OC Land
The New Home Company is looking to expand its presence in the high-end Orange County housing market with the acquisition of four sites from The Irvine Company. The $250M+ land
City Ventures Gets Closer to Approval on 70 Units in Alhambra
Developer City Ventures received a 4 – 1 preliminary Alhambra City Council vote on Tuesday, May 12th, to approve the Midwick Collection development consisting of 70 residential units located at
