Brookfield Residential is bullish on housing development in the Inland Empire, and it is planning to ante up with a tech infusion in its current developments. The Inland Empire is a primary growth market in Southern California, thanks to a perfect storm of affordability, high prices in the coastal markets and local economic and job growth driven by the industrial sector.
"Brookfield Residential has been active in the I.E. since before the last recession. With all of our masterplans we want to be a part of healthy, planned growth," Caitlyn Lai‑Valenti, senior director of sales and marketing at Brookfield Residential, tells GlobeSt.com. "As the region matures and strengthens, we foresee continued housing and retail growth for several decades."
Brookfield plans to invest more in technology, including high speed Internet that gives residents more flexibility to work remotely. "New technology will be a part of [our growth in the market]. With the City of Ontario, our New Haven community already enjoys ultra-high-speed internet over fiber-optic networks for all homes upon move-in," says Lai‑Valenti.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.