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And gold courses are starting to go away in the world of master plan community developments.
The Port Ventura Harbor project is the last remaining development site in the Ventura port district.
The companies say the 13,243-unit portfolio sale is the fifth largest ever.
The multifamily industry is getting creative and strategic about workforce housing funding.
"I give it 50-50," Bob Hart of TruAmerica says when asked if the company would be a net buyer or seller in 2020.
While construction is an exempt industry under the new law, trucking is not, and it could have a major impact on the industry.
Master plan developers are seeing increasing demand for agrihood communities, where residents can grow their own food in community gardens.
The firm adds a special situations debt group, led by managing director Donald Sheets.
Housing costs are being driven up by low supply, increased demand, poor wage growth and a lack of proper financing tools.
Former CEO Scott Watt will remain chairman of the investment and development firm.