Storm Properties, a Torrance-based developer, recently acquired a site in Whittier, at the corner of Hadley Street and Magnolia Avenue, slated for development of 32 townhomes. The property will need to be rezoned for the contemplated development of two- and three-bedroom homes ranging in size from 1,225 square feet to 1,800 square feet. The project will be known as Cambridge Place.
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.
The new owners of the development company planning to build 1,200 homes in the Montebello hills said the firm plans to continue with the project. Newport Beach-based Cook Hill Properties
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
