SAN DIEGO-The Richman Group Development Corp., has established a California division and named multifamily developer, Luke Daniels, president of the Richman Group of California Development Company, LLC.
"California is the perfect match for our investment, development and asset management expertise," said Kristin Miller, president. "We believe the state is in a period of sustained growth, propelled by a number of robust economic drivers and long-term demographic trends."
The new company will focus initially on design-driven, top-of-the-market luxury rental residences, workforce housing, and affordable projects in Los Angeles, Orange, and San Diego counties. Emphasis will be on 4- to 6-story, highly amenitized, midrise projects in urban and mature suburban markets.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
