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May 07

Builder: TRUMARK HOMES MAKES LAND DEALS FOR SIX NEW CALIFORNIA DEVELOPMENTS

The deals include 450 residential lots and an estimated $541M in projected revenues.

A rendering of the future townhouse and flats community Trumark Homes plans to build on the newly acquired site in Brea.

Trumark Homes said Tuesday it recently acquired a 4.6-acre land parcel in Brea, California, purchased from J.H. Real Estate Partners, Inc. and located within the Central Park Village master plan.

In addition to this new Southern California site, Trumark Homes will close on five additional acquisitions across California, totaling 450 residential lots and an estimated $541M in projected revenues.

“In each of these vibrant target markets, our team identified unique opportunities to acquire parcels and add significant value by improving or changing existing entitlements,” said Michael Maples, co-founder and principal of Trumark Homes. “Most of these acquisitions started in 2017 or before, so we are pleased with the strategic timing of each closing as it fills our pipeline for future market demand.”

The Brea acquisition will consist of 62 three-story attached townhomes and 20 stacked flats. Located on the corner of W. Central Avenue and Site Drive in Brea, the project lies across from a new one-acre community park and four-story medical office building. The entrance will serve as a pedestrian plaza area and provide a rich environment for engagement and community with an enhanced street frontage, water feature and pedestrian paths. The community will offer multiple design layouts per floor, allowing buyers the option to select a design layout of their choice per floor to create the ultimate customizable home. Pre-sales are slated to launch in fall 2019 and models expected to open in spring 2020.

By the end of this month Trumark will complete acquisitions on a total of six properties in 2019. In addition to the Brea property, the Southern California division is closing on a former avocado orchard re-entitled for 95 residential lots in Escondido. Trumark’s Northern California division will close on the company’s first age-qualified community of 59 lots located in The Collective master planned community in Manteca, an 18 luxury-home community in Danville, a 59-lot parcel in Sunnyvale, and a 138-unit project in Newark.

“This volume of closings in such a short period of time is a testament to our team’s incredible efforts and success in deal making, problem solving and tenacity, as we continue to build momentum as a company,” said Gregg Nelson, co-founder and principal of Trumark Homes.

Trumark Homes is currently active in communities across the state with homes for sale at SP78 in Downtown San Jose, Glass Bay in Newark, Perch and Fielding in Dublin, Lewis + Mason in Anaheim and Centerhouse in Ontario.

May 07

Trumark Homes Announces Six New Acqusitions Across California

Award-Winning Homebuilder to Close on Six Parcels in First Two Quarters of 2019 Representing $541M in Projected Revenues

NEWPORT BEACH, Calif., May 7, 2019 /PRNewswire/ — Trumark Homes, a national award-winning Californiahomebuilder, announced today it recently acquired a 4.6-acre land parcel in Brea, CA, purchased from J.H. Real Estate Partners, Inc. and located within the Central Park Village master plan. In addition to this new Southern California site, Trumark Homes will close on five additional acquisitions across California, totaling 450 residential lots and an estimated $541M in projected revenues. With robust demand in attractive suburban markets, the homebuilder’s new acquisitions precede an exciting wave of new communities taking shape across the state.

A rendering of the future townhouse and flats community Trumark Homes plans to build on the newly acquired site in Brea.

“In each of these vibrant target markets, our team identified unique opportunities to acquire parcels and add significant value by improving or changing existing entitlements,” said Michael Maples, Co-Founder and Principal of Trumark Homes. “Most of these acquisitions started in 2017 or before, so we are pleased with the strategic timing of each closing as it fills our pipeline for future market demand.”

The Brea acquisition will consist of 62 three-story attached townhomes and 20 stacked flats. Located on the corner of W. Central Avenue and Site Drive in Brea, the project lies across from a new one-acre community park and four-story medical office building. The entrance will serve as a pedestrian plaza area and provide a rich environment for engagement and community with an enhanced street frontage, water feature and pedestrian paths. The community will offer multiple design layouts per floor, allowing buyers the option to select a design layout of their choice per floor to create the ultimate customizable home. Pre-sales are slated to launch in fall 2019 and models expected to open in spring 2020.

By the end of this month Trumark will complete acquisitions on a total of six properties in 2019. In addition to the Breaproperty, the Southern California division is closing on a former avocado orchard re-entitled for 95 residential lots in Escondido. Trumark’s Northern California division will close on the company’s first age-qualified community of 59 lots located in The Collective master planned community in Manteca, an 18 luxury-home community in Danville, a 59-lot parcel in Sunnyvale, and a 138-unit project in Newark.

“This volume of closings in such a short period of time is a testament to our team’s incredible efforts and success in deal making, problem solving and tenacity, as we continue to build momentum as a company,” said Gregg Nelson, Co-Founder and Principal of Trumark Homes.

Trumark Homes is currently active in communities across the state with homes for sale at SP78 in Downtown San Jose, Glass Bay in Newark, Perch and Fielding in Dublin, Lewis + Mason in Anaheim and Centerhouse in Ontario.

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.

May 06

Orange County Business Journal: Trumark Homes Move Ahead on Brea Housing Project

By KATIE MURAR | PUBLISHED: May 6, 2019

Trumark Homes rendering

Trumark Homes is moving ahead on an 82-unit housing project along Central Avenue in Brea.

The builder, a subsidiary of Danville-based developer Trumark Cos. that operates out of Newport Beach, last month closed on a roughly 4.6-acre site about a mile west of the Orange (57) Freeway.

The land was sold by Newport Beach-based JH Real Estate Partners Inc., and traded hands for about $14 million, or nearly $3 million an acre, according to property records.

The development, called Central Park Village, will hold 62 three-story attached townhomes and 20 stacked flats at the site on the corner of West Central Avenue and Site Drive, not far from the Memory Garden Memorial Park and Mortuary.

The land was the former home of the Brea Community Hospital, which was shuttered in 2005 and demolished in 2006.

The homes, currently in the early construction phase, will be across from a privately owned community park and a newly built four-story medical office building that along with apartments from Irvine-based Western National Group are also part of the new Central Park Village development, whose entire cost is estimated at around $100 million. The first homes are scheduled to be available online next spring.

Prices for the townhomes will start in the high-$700,000s while the flats will be priced in line with Brea’s affordable housing regulations.

The housing element of the development, yet to be named, will be the final piece to the master-planned community, which was approved by Brea’s city council in 2012.

Trumark has expected to be involved in the for-sale housing portion of the development for much of that time.

“It’s been a long time coming, but it’s worth it,” said Richard Douglass, Trumark’s Southern California division president.

Tri Pacific Capital Advisors acted as a financial partner on the deal.

Trumark is also halfway through construction of its Platinum Triangle apartment project on Katella Avenue and Lewis Street, with sales ongoing.

That townhome project, called Lewis and Mason, will have 153 homes ranging in price from the high-$500,000s to the low-$700,000s. It’s one of the first for-sale housing projects in the apartment-heavy Platinum Triangle.

It plans on continuing to look for infill development opportunities in OC, Douglass said.

Landsea Plans 50 Homes in LA

Newport Beach-based Landsea Homes has its first Los Angeles County project in the works, thanks to another OC developer.

The homebuilder plans 50 high-end homes at Deerlake Ranch, a master-planned community in the San Fernando Valley.

Model homes at the community, called Crestley at Deerlake Ranch, are slated to open by the end of the year, with the first home closings in spring 2020.

The master-planned development is north of the (118) Freeway off Topanga Canyon. It was acquired in 2014 by Newport Beach-based Foremost Communities.

Landsea Homes, which moved its headquarters from Irvine to Newport Beach last year, is the U.S. subsidiary of China-based Landsea Group.

In OC, it has two big projects underway. The largest is IronRidge, a 96-acre Lake Forest project with 600 homes.

May 02

Creative and Thoughtful Mother’s Day Gift Ideas

Mothers are one of the sweetest, smartest and greatest people we will ever know. They are superheroes in disguise and don’t get anywhere close to as much credit as they deserve. Mother’s Day, which is just around the corner, is a wonderful opportunity to show your appreciation for everything they do for you and your siblings. So when it comes to gifts, go all out this year, and give her something a little more unconventional than the typical flowers and candy. Don’t know where to start? We have put together a list of the most thoughtful and creative Mother’s Day gift ideas that will touch her heart and she will remember for years.

Photo Gift

Moms love looking at photos of the people they love. So why not freeze time and give her a personalized photo gift she will smile about forever. Whether it’s a card full of family photo prints, a collage filled with all of her favorite moments, or a keepsake she can take on the go, mom will love to see her favorite people smiling back at her for years to come.

Plant a Family Garden

For a gift that will continue to grow and flourish just like your relationship with your mother. Fruits and vegetables are a great idea which will provide plentiful healthy food options. Check out these plants to see which you would like to use.

Personalized Jewelry

Like a picture, beautiful jewelry can last a lifetime. So why not combine the two and create something special. A locket necklace with a photo inside or if photos isn’t your thing why not a bracelet engraved with yours and your mom’s initials or birthdays.

Kindle E-reader

Give your mother the gift she deserves – the gift of knowledge and imagination with a Kindle E-Reader. If you know what books your Mom loves why not download them for her before giving her the present.

Spa Treatment

Many mothers are so used to looking after the people around them that they forget to take time for themselves. Make your mom feel special this Mother’s Day and pamper her with a spa certificate. Schedule mom some well-deserved “me-time,” so she can sit back, relax and finally focus on her needs.

Work-out Clothes

Mother’s Day is the perfect opportunity to give mom a gift she will really use. If she’s into fitness, why not give her work-out clothes. But instead of buying specific clothing for her workouts, send her off to do a little shopping of her own. Maybe you have a favorite store where you like to buy your work-out clothing. Your mom would most likely enjoy it too, so give her a gift card this Mother’s Day.

Customizable Mug

A personalized mug is a great way to show your mom how much you love her. Add a photo or create a heartfelt caption, either one she will appreciate.

A Watch

Your Mom is always making time for you so give time back to her with a lovely watch she can treasure forever.

Coffee Machine

Keep your mom energized. If your mom is a coffee lover, then this is the perfect gift for you.