Archstone, one of the largest investors, developers, and operators of apartment communities in the U.S., has acquired The Frank, a 70-unit mixed-use multifamily project in Venice, Calif., for $56 million.
The New Home Company of Aliso Viejo, Calif. has formed a new subsidiary, TNHC Land, to source and purchase land in key Southern California and Northern California markets. Andrew “A.J.” Jarvis has been named president of TNHC Land.
A national search culminated in the appointment of Andrew Carmody as president of the residential division of Crescent Resources LLC. Carmody has held senior leadership positions with Kitson & Partners, Centex Homes and McKinsey & Co.
The Hoffman Company—one of California’s most established land brokerage firms—announced today that it has closed the sale of the Faria Preserve property to Lafferty Communities, a private, family-owned developer, in one of the largest land transact
Forestar Land Partners, a venture between the owners of Foremost Communities and an affiliate of Starwood Capital Group Global, LP, announced it has acquired a 300-acre parcel of entitled land at the western edge of Corona at a public auction.
Lately, the talk from builders that I’ve connected with has been about the suddenly dwindling supply of available prime real estate in their markets, especially entitled land and finished lots in good locations. I’m also hearing stories of bidding wa
Irvine, Calif., officials last week granted final approval for the development of up to 5,000 homes on the old El Toro Marine Corps base. The development has a 10-year timeline and includes more than 500 affordable-housing units.
Professional Builder recently sat down with Taylor Morrison President and CEO Sheryl Palmer to discuss the firm's acquisition, growth opportunities, road to profitability, and land strategy. Here's a recap of the conversation.
While many home builders are minimizing exposure to land assets, opportunistic companies like Charter Homes, Signature Homes, and Toll Brothers view distressed land acquisition as a solution for both short-term survival and future success