News

Industry Veteran Patrick Simons Tapped to Spearhead New Market Services  IRVINE, Calif. – The Hoffman Company, a land brokerage firm now in its fifth decade with operations in both California and Nevada, announced today the expansion of its services into the multifamily sector. Patrick S. Simons, a 25-year veteran in multifamily development, has joined the firm to […]

San Diego-based Private Equity Firm Focused on Western U.S. Residential Projects Presidio Residential Capital, a San Diego real estate investment company, through its building partners, successfully sold 1,324 homes in 2019, an increase of more than 300 sales over 2018. It currently has 50 communities with active sales and a portfolio totaling just over 5,100

Continental Realty Group through its subsidiary Continental Realty Assets, Ltd. (“CRA”), a Denver-based multi-family investment firm in partnership with MLG Capital (“MLG”), has completed the disposition of The Park at Forest Hill in Memphis, Tenn. The sale price was $64 million. Located in the Germantown/Southwind submarket of Memphis, the 601-unit community was developed in two

Presidio Residential Capital Has Funded 15 of Cornerstone’s Projects, Including Four Neighborhoods at Otay Ranch, Ranked Eighth Among All Masterplan Communities Nationwide  SAN DIEGO – Presidio Residential Capital congratulates its joint venture partner Cornerstone Communities, which attracted national recognition in 2019 for its impressive growth and sales success in Southern California, where Cornerstone closed 356 homes, opened

Offering 20 Homes Starting in the Mid $700,000s   SAN DIEGO – February 18, 2020 – Pebble Creek Companies, Casbri Development and Presidio Residential Capital will hold a grand opening at Riker Ranch, a new community offering 20 single-family homes in Lakeside, California, on Saturday, February 22, from 11 a.m. to 2 p.m. The neighborhood

Community Offering 18 Single-Story Detached Homes Starting in the Mid $400,000s  LAS VEGAS – Summit Homes of Nevada and Presidio Residential Capital announces, Regina Ridge, a new community in Northwest Las Vegas offering 18 single-family detached homes is now open for sale. Regina Ridge is located in Northwest Las Vegas off Centennial Parkway and Fort

Local Home Builder Beat Out Three of the Nation’s Largest Builders for the Second Year in a Row  VISALIA, Calif. – San Joaquin Valley Homes (SJV Homes) posted a record year in 2019, closing 465 homes, selling out four existing communities and opening seven new ones in a busy and highly successful year.

San Diego-Based Builder has Four Neighborhoods for Sale at Otay Ranch, Ranked Eighth Among All Masterplan Communities Nationwide  SAN DIEGO – Cornerstone Communities attracted national recognition in 2019 for its impressive growth and sales success in Southern California, where it closed 356 homes, opened three new communities and sold out one neighborhood for a total

  Southern California Infill Developer Plans to Open Four New Communities in 2020   IRVINE, Calif. – Brandywine Homes, a pioneer of infill development in Southern California, closed 95 homes, opened four new communities and sold out in four communities in Southern California for total annual revenue of $66 million in 2019. The homebuilder plans

Commercial Real Estate Investment Firm Owned the Property for Only 18 Months LAS VEGAS — San Diego-based Tower 16 Capital Partners has successfully sold Altura on Tropicana, a 512-unit multifamily project in Las Vegas, after an 18 month hold period. Tower 16 had originally purchased the property for $50 million in June 2018 and invested