flexiblefullpage -
Currently Reading

Trumark sells 11 acres in Lake Forest

Advertisement
billboard -
Financial

Trumark sells 11 acres in Lake Forest

Trumark Homes has sold 11 acres of residential real estate in Lake Forest that it purchased just 20 months ago. The sale came in response to a dramatic increase in land value across coastal Southern California.


By Todd Loesch, Housing Zone Contributing Editor April 7, 2011

Trumark Homes has sold 11 acres of residential real estate in Lake Forest that it purchased just 20 months ago. The sale came in response to a dramatic increase in land value across coastal Southern California.

“The property is now worth three times what we paid for it in August 2009 and it simply made more sense to sell it than to build it out,” said Michael Maples, president and CEO of Trumark Homes. “Once we officially took it to market, we got 20 offers from both public and private homebuilders at an extremely attractive price point.”

The Irvine-based developer and homebuilder had originally planned to start the construction of 68 to 72 single-family detached homes on the property in late 2010.
 

Related Stories

Business

The Five Foundational Cornerstones

Business coach Scott Beebe shares insights into the often ignored business basics that could be the difference between long-term success and failure

Custom Builder

Start With the Why: Fundamentals of the Custom Builder Business

In our inaugural episode of Taking Care of Business, host and custom builder Duane Johns sits down with Scott Beebe, head coach and founder of My Business on Purpose, to talk vision, purpose, mission, values, and more

Business

Why AI Is Now Key to Our Trade Partner Strategy

Thompson Custom Homes Business Manager Erin Day explains how AI became a crucial part of building and maintaining successful trade partner relationships

Business

November Data: Custom Architects Weigh In, New Construction Trends, Contractor Confidence, and Material Price Changes

We've collected highlights from a number of data reports published throughout the industry in November

Business

Guest Column: What I'm Seeing Out There

Industry expert and advisor Mark Richardson shares stories from the field, from what's changing to what's working 

Custom Builder

In Business: Modern Design, Compromise, and Money

Custom builder Zane Williams opens up about what it takes to maintain his architectural vision, from handling clients and staying true to his fluid style, to the importance of transparency and how a slush fund avoids awkward conversations mid-construction

Custom Builder

Top Problems Faced by Builders in 2022

Chief among the concerns was the price and availability of building materials, though the impact of waning consumer confidence also grew

Custom Builder

Custom Home Building Gets Good News

New data from NAHB shows that while much of the market is in contraction, custom home building continues to gain strength 

Business

Cash Isn't Just King, It's Your Lifeline

Four experts explain how paying attention to cash flow can help keep builders from robbing Peter to pay Paul

Business

Show Me The Money

Use these tips to increase margins in 2019

Advertisement
boombox1 -
Advertisement
boombox2 -
Advertisement
boombox3 -
Advertisement
native1 -

More in Category

Business

The Five Foundational Cornerstones

Business coach Scott Beebe shares insights into the often ignored business basics that could be the difference between long-term success and failure

Custom Builder

Start With the Why: Fundamentals of the Custom Builder Business

In our inaugural episode of Taking Care of Business, host and custom builder Duane Johns sits down with Scott Beebe, head coach and founder of My Business on Purpose, to talk vision, purpose, mission, values, and more

boombox4 -
Business

Why AI Is Now Key to Our Trade Partner Strategy

Thompson Custom Homes Business Manager Erin Day explains how AI became a crucial part of building and maintaining successful trade partner relationships

Business

November Data: Custom Architects Weigh In, New Construction Trends, Contractor Confidence, and Material Price Changes

We've collected highlights from a number of data reports published throughout the industry in November

boombox4 -
Advertisement
native2 -
Advertisement
halfpage1 -