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JV to Revive Pacifica San Juan

SAN JUAN CAPISTRANO, CA—Taylor Morrison and partners have purchased the former Lehman Brothers project which is approved for a total of 416 homes.

By David Phillips | Updated on May 26, 2015

SAN JUAN CAPISTRANO, CA—A venture that includes Arizona-based Taylor Morrison Home Corp. has bought Pacifica San Juan home development here, with plans to revive the moribund project.

According to a report in the Orange County Business Journal, Taylor Morrison, of Scottsdale, AZ, has partnered with Oaktree Capital Management LP of Los Angeles and DMB Pacific Ventures LLC of San Francisco to buy the land from Lehman Brothers Holdings Inc. Terms of the deal were not disclosed.

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