Residential real estate developers: ranked by units sold in L.A. County in 2006.EXECUTIVE SUMMARY EVEN before this year's subprime meltdown meltdown Occurrence in which a huge amount of thermal energy and radiation is released as a result of an uncontrolled chain reaction in a nuclear power reactor. The chain reaction that occurs in the reactor's core must be carefully regulated by control rods, which absorb and sluggish market took a toll, homebuilders in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County saw the number of units sold slide in 2006 as buyers were moving toward condominiums instead of single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. homes. It was the first time sales had decreased since 2000. Nearly all of the top 25 builders saw the number of units sold decrease in 2006 compared with 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. data provided by Hanley For the town or former electoral district located in Saskatchewan, Canada, see and Hanley (electoral district). Wood Market Intelligence. A total of 7,730 units were sold in 2006 with single-family homes accounting for just 44 percent of units sold. The average price for a newly constructed unit was $600,000. KB Home held on to the top spot on the list with 860 units sold, spanning 21 projects in the county. Most 2006 home construction in L.A. County was in outlying out·ly·ing adj. Relatively distant or remote from a center or middle: outlying regions. outlying Adjective far away from the main area Adj. 1. areas in the northern part of the county, particularly 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. and Lancaster Lancaster, city, England Lancaster (lăng`kəstər), city (1991 pop. 43,902) and district, county seat of Lancashire, NW England, on the Lune River. , or in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . The conversion of both office and apartment buildings has spurred development in beach communities and other areas. Newport Newport, town, England Newport, town (1991 pop. 19,758), Isle of Wight, S England. It is also a port and the commercial center of the island, with agricultural markets and light industries (plastics, soft drinks, and woodworking). In the 17th cent. Beach-based Intracorp IntraCorp was a Miami, Florida-based game publisher. They went bankrupt in 1996 and shut down along with their subsidiary, Capstone Software. IntraCorp developed and published games for a wide range of genres. IntraCorp's last game, Fate, was never released. 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, ranked No. 2 on the list with 313 units sold. The condo builder is selling units at Cove in Marina Marina “a piece of virtue.” [Br. Lit.: Pericles] See : Virtuousness del Rey Del Rey may refer to:
1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. . Overall, 115 companies sold units locally during 2006 with the 25 largest developers accounting for 66 percent of the market. THE PACESETTER KB HOME THE Los Angeles-based homebuilder tops the list of the largest residential developers with 860 units sold in L.A. County during the 2006 calendar year, up 196 units compared with the previous year. Rising home prices helped the firm's closed deal volume jump $126 million, or 39 percent, over 2005. The biggest change at one of the nation's largest homebuilders was at the top. The company ousted 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, its chairman and chief executive, after it was discovered he had received backdated stock options. Jeffrey Mezger was appointed ap·point tr.v. ap·point·ed, ap·point·ing, ap·points 1. To select or designate to fill an office or a position: appointed her the chief operating officer of the company. 2. as president and chief executive after serving as the company's executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. since 1999. Stephen Bollenbach Stephen F. Bollenbach has been the Co-Chairman and Chief Executive Officer of Hilton Hotels Corporation since February 1996. Bollenbach graduated from the University of California, Los Angeles. External link
KB Home has 21 projects under development in L.A. County, mostly in the outlying areas of the northern part of the county. Current projects include Tierra Tierra may refer to:
Sol (sŏl), in Roman religion, sun god. An ancient god of Mesopotamian origin, he was introduced (c.220) into Roman religion as Sol Invictus by emperor Heliogabalus. and Wild Rose in Lancaster, Blackberry blackberry, name for several species of thorny plants of the genus Rubus of the family Rosaceae (rose family). See bramble. blackberry Briar briar: see brier. at 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. and Strawberry Fields Strawberry Field was a Salvation Army children's home in Woolton, a suburb of Liverpool, England. The earliest reference to 'Strawberry Field' dates to 1870. In 1912 it was transferred to a wealthy merchant whose widow sold the estate to The Salvation Army in 1934. at Plum Canyon in Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, , and Bella Vista Bella Vista (Spanish meaning "beautiful sight") is the name of several places in the world:
Founded in 1957, KB Home reported net income of $482 million for the 2006 fiscal year on revenues of $11 billion. Nationwide, the company sold 39,013 units last year. [GRAPHICS OMITTED]
Rank Company L.A. Units Total 2006 Closed
* name Sold Units Sold Deals (value
* address * 2006 * 2006 in millions)
* 2005 * 2005 * L.A. County
* total
1 KB Home 860 39,013 $468.1
10990 Wilshire Blvd., 753 37,140 $11,003.8
Seventh Floor
Los Angeles 90024
2 Intracorp Southern 513 NA 312.5
California NA NA NA
3300 Irvine Ave.,
Suite 385
Newport Beach 92660
3 D.R. Horton Inc. 466 49,288 257.7
28009 Smyth Drive 728 54,794 14,517.4
Valencia 91355
4 Lennar Corp. 372 42,212 140.4
25 Enterprise 558 43,405 14,854.9
Aliso Viejo 92656
5 K. Hovnian/Forecast 239 17,940 NA
Homes 712 16,274 6,100
3536 Concours St.,
Suite 100
Ontario 91764
6 Troxler Residential 222 NA NA
Ventures LLC 480 NA NA
5023 N. Parkway
Calabasas
Calabasas 91302
7 Beazer Homes 219 18,669 114.5
27202 Turnberry Lane, 406 18,146 5,462
Suite 200
Valencia 91355
8 John Laing Homes 213 2,623 140.8
5805 Sepulveda Blvd., 231 2,455 1,300
Suite 800
Van Nuys 91411
9 Richmond American 211 13,123 NA
Homes of California 239 15,307 4,650.6
1305 Corona Pointe
Court
Corona 92879
10 Galaxy Commercial 210 NA NA
Holding LLC NA NA NA
8906 W. Olympic
Blvd., Suite 200
Beverly Hills 90211
11 Pacific Communities 191 322 NA
1000 Dove St., 231 207 NA
Suite 100
Newport Beach 92660
12 Anastasi Development 187 191 103.3
Co. LLC 96 117 104.1
511 Torrance Blvd.,
Second Floor
Redondo Beach 90277
13 Olson Co. 187 NA NA
3020 Old Ranch 372 805 NA
Parkway, Suite 400
Seal Beach 90740
14 South Group 176 402 $78
1120 NW Couch St., NA NA $178
Suite 600
Portland 97209
15 Pulte Homes 173 41,487 NA
27220 Turnberry Lane, 226 45,630 NA
Suite 190
Valencia 91355
16 Trimark Pacific Homes 150 NA NA
31111 Agoura Road, 205 NA NA
Suite 210
Westlake Village
91361
17 Lee Homes 144 NA NA
310 Washington Blvd., 67 NA NA
Suite P214
Marina del Rey 90292
18 Centex Homes 142 35,785 NA
27200 Tourney Road, 184 39,232 11,015
Suite 200
Valencia 91355
19 Frontier Homes 126 NA NA
42225 10th St. West 232 NA NA
Lancaster 93534
20 MBK Homes 124 397 59.4
175 Technology Drive 118 383 214
Irvine 92618
21 New Millennium Homes 122 122 268
23622 Calabasas Road, 111 111 268
Suite 149
Calabasas 91302
22 S&S Construction Co. 120 NA NA
8383 Wilshire Blvd., 278 NA NA
Suite 700
Beverly Hills 90211
23 Watt Communities Inc. 120 NA NA
1945 Indian Hill NA NA NA
Blvd.
Pomona 91767
24 Standard Pacific 108 10,487 40.4
Corp. 207 11,338 3,908.7
15326 Alton Parkway
Irvine 92618
25 Pardee Homes 107 NA NA
10880 Wilshire Blvd., 264 2,880 NA
Suite 1900
Los Angeles 90024
Rank Company Developments
* name (partial list)
* address
1 KB Home Tierra Del Sol, Wild Rose, Bella Vista,
10990 Wilshire Blvd., The Vineyards, Blackberry Briar at
Seventh Floor Plum Canyon
Los Angeles 90024
2 Intracorp Southern Cove, West Ocean Tower 2,
California TheFourOneSix, Delacey at Green,
3300 Irvine Ave., Alicante, The Alexander
Suite 385
Newport Beach 92660
3 D.R. Horton Inc. Dorado Skies, Sunridge Estates,
28009 Smyth Drive Palmilla, Sevilla, Terraza Villa,
Valencia 91355 Sundance, Silverwood, Winchester
4 Lennar Corp. Toscana, Artenati, Belmar North,
25 Enterprise Brookville, Castillo, Esperto,
Aliso Viejo 92656 Heirloom, Pacifica, Playa Vista, 6006
Wilshire, Bellevue Towers
5 K. Hovnian/Forecast Camino Solano, Cooperstown, El Dorado
Homes Ranch, Westview Estates, Stetson Ranch,
3536 Concours St., Aliso
Suite 100
Ontario 91764
6 Troxler Residential NA
Ventures LLC
5023 N. Parkway
Calabasas
Calabasas 91302
7 Beazer Homes Ivywood, Silver Leaf, Somerset Creek
27202 Turnberry Lane,
Suite 200
Valencia 91355
8 John Laing Homes Element and Indigo, Marina del Rey;
5805 Sepulveda Blvd., Roxford Glen, Sylmar; Desert Rose,
Suite 800 Palmdale
Van Nuys 91411
9 Richmond American NA
Homes of California
1305 Corona Pointe
Court
Corona 92879
10 Galaxy Commercial Blu, Vue
Holding LLC
8906 W. Olympic
Blvd., Suite 200
Beverly Hills 90211
11 Pacific Communities NA
1000 Dove St.,
Suite 100
Newport Beach 92660
12 Anastasi Development Breakwater Village
Co. LLC
511 Torrance Blvd.,
Second Floor
Redondo Beach 90277
13 Olson Co. 133 Promenade Walk, Arden Walk,
3020 Old Ranch Fountain Walk, Sunset Walk, Village
Parkway, Suite 400 Walk, Vintage Walk, Willow Walk
Seal Beach 90740
14 South Group Luma, Evo
1120 NW Couch St.,
Suite 600
Portland 97209
15 Pulte Homes Carmel Estates, Mura
27220 Turnberry Lane,
Suite 190
Valencia 91355
16 Trimark Pacific Homes Traditions, Traditions Collection,
31111 Agoura Road, Monterey Views, Sunset Ridge, Temple
Suite 210 Lofts, Heritage
Westlake Village
91361
17 Lee Homes Marlton Square, Mondrian
310 Washington Blvd.,
Suite P214
Marina del Rey 90292
18 Centex Homes Milestone, Stone Canyon Reserve, Fusion
27200 Tourney Road, at South Bay, The Reserve at Reino
Suite 200
Valencia 91355
19 Frontier Homes NA
42225 10th St. West
Lancaster 93534
20 MBK Homes Aragon, Garden Square, Ravello
175 Technology Drive
Irvine 92618
21 New Millennium Homes The Oaks of Calabasas
23622 Calabasas Road,
Suite 149
Calabasas 91302
22 S&S Construction Co. NA
8383 Wilshire Blvd.,
Suite 700
Beverly Hills 90211
23 Watt Communities Inc. Cobblestone, Las Ventanas, Serenade,
1945 Indian Hill The Gables, Montecito
Blvd.
Pomona 91767
24 Standard Pacific Village on Oak Acacia, Village on Oak
Corp. Bayberry, One West Bluff Ariel, One
15326 Alton Parkway West Bluff Morea, Gateway on 4th
Irvine 92618
25 Pardee Homes NA
10880 Wilshire Blvd.,
Suite 1900
Los Angeles 90024
Rank Company Profile Top Local Executive
* name * headquarters * name
* address * Web site * title
* phone
1 KB Home Los Angeles Jeffrey T. Mezger
10990 Wilshire Blvd., kbhome.com ceo, president
Seventh Floor
Los Angeles 90024 (310) 231-4000
2 Intracorp Southern Newport Beach Peter Lauener
California intracorp- president
3300 Irvine Ave., companies.com (949) 955-2370
Suite 385
Newport Beach 92660
3 D.R. Horton Inc. Fort Worth, Texas Chris Chambers
28009 Smyth Drive drhorton.com region president
Valencia 91355 (805) 382-9244
4 Lennar Corp. Miami Jon Jaffe
25 Enterprise lennar.com coo
Aliso Viejo 92656 (949) 349-8000
5 K. Hovnian/Forecast Ontario Jim Rex
Homes forecasthomes.com region president
3536 Concours St., (909) 483-7320
Suite 100
Ontario 91764
6 Troxler Residential Calabasas Bryan Troxler
Ventures LLC troxler.com president
5023 N. Parkway (818) 876-9500
Calabasas
Calabasas 91302
7 Beazer Homes Atlanta Ian J. McCarthy
27202 Turnberry Lane, beazer.com ceo, president
Suite 200 (661) 294-4600
Valencia 91355
8 John Laing Homes Newport Beach Bill Rattazzi
5805 Sepulveda Blvd., johnlainghomes. division president
Suite 800 com (818) 267-3700
Van Nuys 91411
9 Richmond American Denver Leonard Miller
Homes of California richmondamerican. Southern California
1305 Corona Pointe com president
Court (951) 898-5300
Corona 92879
10 Galaxy Commercial Beverly Hills Raffi Cohen
Holding LLC galaxyholding.com principal
8906 W. Olympic (310) 273-7233
Blvd., Suite 200
Beverly Hills 90211
11 Pacific Communities Newport Beach Nelson Chung
1000 Dove St., pacific- president
Suite 100 communities.com (949) 660-8988
Newport Beach 92660
12 Anastasi Development Redondo Beach Wayne G. Anastasi
Co. LLC anastasi.com ceo, president
511 Torrance Blvd., (310) 376-8077
Second Floor
Redondo Beach 90277
13 Olson Co. Seal Beach Stephen E. Olson
3020 Old Ranch theolsonco.com chairman, ceo
Parkway, Suite 400 (562) 596-4770NA
Seal Beach 90740
14 South Group Portland Jim Atkins
1120 NW Couch St., exploresouth- sr. project manager
Suite 600 group.com (213) 741-2969
Portland 97209
15 Pulte Homes Bloomfield Hills, Rod Flint
27220 Turnberry Lane, Mich. division president
Suite 190 pulte.com (661) 295-6000
Valencia 91355
16 Trimark Pacific Homes Westlake Village Clinton R.
31111 Agoura Road, trimark- Stevenson, Jr.
Suite 210 pacific.com president
Westlake Village (818) 706-9797
91361
17 Lee Homes Marina del Rey Jeff Lee
310 Washington Blvd., leehomes.net president
Suite P214 (310) 827-0171
Marina del Rey 90292
18 Centex Homes Dallas John B. Bertero III
27200 Tourney Road, centexhomes- division president
Suite 200 laventura.com (661) 288-5777
Valencia 91355
19 Frontier Homes Lancaster John Skjefte
42225 10th St. West frontierhomes.com area president
Lancaster 93534 (661) 949-2439
20 MBK Homes Irvine Stefan Markowitz
175 Technology Drive mbkhomes.com chairman
Irvine 92618 (949) 789-8300
21 New Millennium Homes Calabasas Louis J. Malone
23622 Calabasas Road, newmillennium- ceo
Suite 149 homes.com (818) 223-8291
Calabasas 91302
22 S&S Construction Co. Beverly Hills Nathan Shapell
8383 Wilshire Blvd., shapell.com chairman, ceo
Suite 700 (800) 655-9502
Beverly Hills 90211
23 Watt Communities Inc. N/A Ray Watt
1945 Indian Hill watt- chairman
Blvd. communities.com (909) 399-9168
Pomona 91767
24 Standard Pacific Irvine Stephen J.
Corp. standardpacific- Scarborough
15326 Alton Parkway homes.com chairman, ceo
Irvine 92618 (949) 789-1600
25 Pardee Homes Los Angeles Michael V. McGee
10880 Wilshire Blvd., pardeehomes.com president
Suite 1900 (310) 475-3525
Los Angeles 90024
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 L.A. County in 2006.
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] 2007 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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