Residential real estate developers: ranked by units sold in L.A. County in 2005.EXECUTIVE SUMMARY THE 25 largest residential developers in L.A. County combined to sell 7,600 new homes in L.A. County during 2005, up 25 percent from the previous year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Hanley For the town or former electoral district located in Saskatchewan, Canada, see and Hanley (electoral district). Wood LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control data. Sales among all developers surpassed 10,065 units in L.A. County during 2005, up 2,358 units from the previous year. Much of the increase in unit volume came from lower and mid-priced units such as townhouses and condominiums. They accounted for 4,066 total units of which 1,247 were townhouses and 2,819 were condominiums. High-end high-end adj. Informal 1. Appealing to sophisticated and discerning customers: a high-end department store; high-end video equipment. 2. home sales also increased significantly in 2005. There were 1,572 homes sold for $700,000 or greater in 2005 accounting for 16 percent of the market. The segment accounted for 891 units in 2004, just 12 percent of the market. Overall, 266 homebuilding communities were under development in 2005, 43 more than the previous year. Many new communities are being developed in outer areas of the county such as Lancaster Lancaster, city, England Lancaster (lăng`kəstər), city (1991 pop. 43,902) and district, county seat of Lancashire, NW England, on the Lune River. and Palmdale Palmdale, city (1990 pop. 68,842), Los Angeles co., S Calif., in the irrigated Antelope Valley; a growing residential suburb of Los Angeles near Little Rock Creek where it forms Lake Palmdale Reservoir, inc. 1962. , where there is still room to develop and build new homes. --David Nusbaum Nusbaum is a village in the district Bitburg-Prüm in Rhineland-Palatinate, Germany, situated in the southern part of the Eifel. Links
THE PACESETTER KB HOME THE Los Angeles-based homebuilder tops this year's list of the largest residential developers with 753 units sold in L.A. County during 2005, a 21-unit increase from the previous year. Rising home prices helped "closed deal volume" (in which escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. has closed) jump to $332 million in L.A. County during 2005, up 72 percent, or $139 million. However, KB Chief Executive Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Karatz has recognized that the demand that drove the county's median home price above $500,000 is on the wane. "Many markets are taking a breather right now, including Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, ," Karatz said. He attributed the overheated o·ver·heat v. o·ver·heat·ed, o·ver·heat·ing, o·ver·heats v.tr. 1. To heat too much. 2. To cause to become excited, agitated, or overstimulated. v.intr. market's current slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. to speculative Speculative Securities that involve a high level of risk. speculative Of or relating to an asset or a group of assets with uncertain returns. The greater the degree of uncertainty the more speculative the asset. investors who have exited the market. Looking forward, however, Karatz expects the market to remain strong, pointing to factors that continue to drive housing. "There is positive employment, the economy is solid and interest rates are still attractive," he said. KB Home currently has 30 projects under construction in L.A. County. Communities include Citrus Grove at Santa Clarita's Plum Canyon canyon Very narrow, deep valley cut by a river through resistant rock and having steep, almost vertical sides. Canyons occur most often in arid or semiarid regions. Some canyons (e.g., the Grand Canyon) are spectacular natural features. See also submarine canyon. , Bella Vista Bella Vista (Spanish meaning "beautiful sight") is the name of several places in the world:
Founded in 1957, KB Home reported $9.4 billion in revenues for 2005, up 32 percent, or $2.3 billion, from the previous year. The company delivered 37,140 homes nationwide, up 17 percent, or 5,494 units. --David Nusbaum
Rank Company (Ranking in 2005) L.A. Units Sold
* name * 2005
* address * 2004
1 KB Home (1) 753
10990 Wilshire Blvd., Seventh Floor 478
Los Angeles 90024
2 D.R. Horton Inc. (12) 728
28009 Smyth Drive 215
Valencia 91355
3 Forecast Homes (2) 712
3536 Concours St., Suite 100 483
Ontario 91764
4 Lennar Corp. (5) 558
25 Enterprise 427
Aliso Viejo 92656
5 Troxler Residential Ventures LLC 480
5023 N. Parkway Calabasas 0
Calabasas 91302
6 Beazer Homes (4) 406
27202 Turnberry Lane, Suite 200 386
Valencia 91355
7 Olson Co* (6) 372
3020 Old Ranch Parkway, Suite 400 348
Seal Beach 90740
8 S&S Construction Co. (13) 278
8383 Wilshire Blvd., Suite 700 198
Beverly Hills 90211
9 Pardee Homes (8) 264
10880 Wilshire Blvd., Suite 1900 335
Los Angeles 90024
10 Genesis Real Estate Group Inc. 250
5710 LBJ Freeway, Suite 328 250
Dallas 75240
11 Richmond American Homes of California (9) 239
8510 Balboa Blvd., Suite 150 276
Northridge 91325
12 Frontier Homes (23) 232
42225 10th St. West 106
Lancaster 93534
13 John Laing Homes 231
5805 Sepulveda Blvd., Suite 800 342
Van Nuys 91411
14 Pacific Communities 231
1000 Dove St., Suite 100 107
Newport Beach 92660
15 Pulte Homes 226
27220 Turnberry Lane, Suite 190 NA
Valencia 91355
16 Standard Pacific Corp. (10) 207
15326 Alton Parkway 238
Irvine 92618
17 Trimark Pacific Homes (14) 205
31111 Agoura Road, Suite 210 189
Westlake Village 91361
18 Centex Homes (15) 184
27200 Tourney Road, Suite 200 171
Valencia 91355
19 J.P. Eliopulos Builders (25) 180
42225 10th St. West, Suite 101 87
Lancaster 93534
20 MBK Homes (20) 124
175 Technology Drive 108
Irvine 92618
21 Comstock Homes 99
321 12th Street NA
Manhattan Beach 90266
22 New Urban West Inc. (19) 96
520 Broadway, Suite 100 124
Santa Monica 90401
23 Larwin Co. (24) 83
16633 Ventura Blvd., Suite 1300 48
Encino 91436
24 Lee Homes 67
310 Washington Blvd., Suite P214 146
Marina del Rey 90292
25 Warmington Homes (11) 62
3090 Pullman St. 226
Costa Mesa 92626
Rank Total Units Sold 2005 Closed Deals
* 2005 (value in millions)
* 2004 * L.A. County
* total
1 37,140 $322.2
31,646 $9,441.6
2 51,172 NA
43,567 13,900
3 NA NA
NA NA
4 43,405 171.7
37,667 12,711.8
5 NA NA
NA NA
6 18,146 NA
16,451 4,995.4
7 805 NA
772 NA
8 NA NA
NA NA
9 2,880 149.5
2,634 1,563.5
10 250 NA
250 200
11 15,334 NA
14,248 4,884.2
12 NA NA
NA NA
13 2,488 91
2,310 1,500
14 NA NA
NA NA
15 45,630 NA
38,612 14,700
16 11,338 137.2
11,065 4,207.7
17 NA NA
573 NA
18 39,232 NA
36,562 14,400
19 180 52.9
117 52.9
20 NA NA
300 NA
21 99 NA
NA NA
22 NA NA
NA NA
23 154 35
106 124
24 NA NA
NA NA
25 NA NA
NA NA
Rank Developments Profile
(partial list) * headquarters
* Web site
1 Citrus Grove at Plum Canyon, Bella Los Angeles
Vista, Grandiflora kbhome.com
2 Miraposa at Plum Canyon, Amorosa, Fort Worth, Texas
Mountain View Ranch drhorton.com
3 Medallion, The Palms at Anaverde Ontario
forecasthomes.com
4 Jade, Topaz, Saphire, 6006 Miami
Wilshire, Prado Town Center, lennar.com
Promenade, Montage,
Belmar North, Playa Vista
5 NA Calabasas
troxler.com
6 Wintergreen, Sunset Landing, Atlanta
Silver Leaf beazer.com
7 Long Beach, Torrance, Covina, Seal Beach
Irwindale, Compton, Claremont theolsonco.com
8 Renaissance Summit, Sorrento Beverly Hills
Pointe, Tuscany, Verona, Sienna shapell.com
Hills, Montecito at Rancho Conejo
Village
9 Mayfair, Woodglen, Hearthstone, Los Angeles
Fairmont pardeehomes.com
10 AQUA Condominiums Dallas
genesisliving.com
11 Wisteria, Daybreak, Capistrano, Denver
Santiago, Sandalwood richmondamerican.com
12 Kensington Place, Avalon Meadows, Lancaster
Lancaster 39, Lancaster 439 frontierhomes.com
13 Roxford Glen, Aria, Desert Rose, Newport Beach
Element and Indigo, White Sails johnlainghomes.com
14 Pacific Renaissance, Pacific Newport Beach
Discovery, Pacific Manor pacificcommunities.com
15 Rose Garden, Ashton Place Bloomfield Hills, Mich.
pulte.com
16 Blue Sky Ranch, Gateway on 4th, Irvine
Park Place, Redwood Lofts, Lake at standardpacifichomes.com
Walnut, Tempo & The Dorian, Acacia
17 Palmdale 71, Lancaster 161, Westlake Village
Monterey Views, Rancho Vista trimarkpacifichomes.com
18 Fusion at South Bay, Milestone, Dallas
Beach City Bungalows, Sojourn centexhomes-laventura.com
19 Antelope Valley Lancaster
jpeliopulos.com
20 Florentia, Skyview Irvine
mbkhomes.com
21 Riviera Villas, Bella Vista, Manhattan Beach
Villages at Heritage Springs, comstock-homes.com
Catherine Villas
22 Belcaro Santa Monica
nuwi.com
23 Carrousel, The Willows, Copper Encino
Moon, Foxborough Estates larwincompany.com
24 NA Marina del Rey
leehomes.net
25 Villa Savona, Somerset at Costa Mesa
Creekside warmingtonhomes.com
Rank Top Local Executive
* name
* title
* phone
1 Bruce Karatz
chairman, ceo
(310) 231-4000
2 Chris Chambers
region president
(661) 257-3399
3 Jim Rex
region president
(909) 483-7320
4 Jon Jaffe
coo
(949) 349-8000
5 Bryan Troxler
president
(818) 876-9500
6 Ian J. McCarthy
ceo, president
(661)'294-4600
7 Stephen E. Olson
chairman, ceo
(562) 596-4770
8 Nathan Shapell
chairman, ceo
(800) 655-9502
9 Michael V. McGee
president
(310) 475-3525
10 Matt Scoggins
vice president of development
(972) 404-8288
11 Jon Sasaki
president
(818) 895-4400
12 John Skjefte
area president
(661) 949-2439
13 Bill Rattazzi
division president
(818) 267-3700
14 Nelson Chung
president
(949) 660-8988
15 Rod Flint
division president
(661) 295-6000
16 Stephen J. Scarborough
chairman, ceo
(949) 789-1600
17 Clinton R. Stevenson, Jr.
president
(818) 706-9797
18 John B. Bertero III
division president
(661) 288-5777
19 Andrew J. Eliopulos
ceo, president
(661) 942-8481
20 Stefan Markowitz
chairman
(949) 789-8300
21 Robert W. Comstock
president
(310) 546-5781
22 Stephen Gunther
president
(310) 394-3379
23 Denis Cullumber
president
(818) 986-8890
24 Jeff Lee
president
(310) 827-0171
25 Timothy P. Hogan
president
(714) 557-5511
NA--No Answer
Note: Number of units sold in L.A. County provided by Hanley Wood
(formerly the Meyers Group). The remaining information was provided
by representatives of the companies themselves. Companies are ranked
by the number of residential units sold in County in 2005.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c]2006 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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