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Province West

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About

An industry-leading transactional advisory firm focused on the acquisition, disposition, and capitalization of residential land throughout California.

Founding Principals
Founding Principals
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Nicholas Christen
Nicholas Christen
Vice President, Broker
Eric Weitz
Eric Weitz
Vice President, Broker
Dania Monge
Dania Monge
Director of Marketing & Operations
Senior Financial Analyst
Vacant position
Land Broker
Vacant position

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New!Other announcement

Closed Escrow | Pulte Homes acquires Cimarron Ridge – a flagship position along the Inland Empire's I-215 corridor.

Closed Escrow | Pulte Homes acquires Cimarron Ridge – a flagship position along the Inland Empire's I-215 corridor.

Province West is pleased to announce the closing by Pulte Homes of Cimarron Ridge located in the foothills of northwestern Menifee, California. Situated less than two miles west of Interstate 215, Cimarron Ridge is approved for 756 single-family home sites across approximately 240 gross acres. Cimarron Ridge is a master-planned community thoughtfully designed to provide for the opportunity to deliver homes within seven complementary neighborhoods on four different single-family lot configurations with minimum sizes ranging from 5,000 to 10,000 square feet. For more information or opportunities in the Inland Empire, contact Daniel W McDonough at Province West. O. 949.954.5970 | DRE.01329686

New!Other announcement

Closed Escrow | D.R. Horton acquires the final 174 improved lots within the Monte Vina community in Indio, California

Closed Escrow | D.R. Horton acquires the final 174 improved lots within the Monte Vina community in Indio, California

Province West and Richland Communities (Mike Byer) are pleased to announce the closing by D.R. Horton of the final 174 improved lots within the Monte Vina project in Indio, CA. Monte Vina is an ±80-acre, gated community that will include 300 homes at buildout. Located close to the public Eagle Falls Golf Club, Fantasy Springs Casino, public 36-hole Terra Lago Golf Club, and several large-scale retail centers, Monte Vina offers future residents convenient access to daily and recreational lifestyle amenities. For more opportunities in Coachella Valley, contact Marc Kleiman at Province West. O. 949.954.5972 | DRE. 01431262

New!Product announcement

KB Home to Build Mix of 203 Single-Family Townhomes in Spring Valley, CA

KB Home to Build Mix of 203 Single-Family Townhomes in Spring Valley, CA

Congratulations to Eric Weitz & Marc Kleiman from Province West and Dave Mullard & Ryan Duncan from Nathan & Associates. Monday, July 19, 2021 | Ray Huard of the San Diego Business Journal KB Home plans to build a Spring Valley development that will have 203 homes in a mix of townhomes and single-family homes. The company based in Los Angeles recently acquired a 52-acre site at the southwest corner of Sweetwater Springs Boulevard and Jamacha Boulevard. The property is across the street from a single-family home development that KB Home recently completed, Sweetwater Village, with 122 homes on a 17.9-acre site. “That project is now sold out,” said Steve Ruffner, president, and regional manager for KB Home coastal region, which covers San Diego and Orange counties. “When we did the improvements there and built the three-acre park on-site, it really made this project very attractive to us.” KB Home didn’t disclose how much it paid for the new site. The new project will be called Sweetwater Vistas. Plans call for Sweetwater Vistas to have 78 two-story townhomes and 65 three-story townhomes, and 60 single-family homes. Attainable The townhomes will range from 1,218 square feet to 1,569 square feet. The size of the single-family homes has yet to be determined, but Ruffner said they would be on the small side to keep prices down. Pricing hasn’t been set, but the project is targeting first-time and move-up buyers, according to KB Home. “I think there will be a lot of demand for these homes because there just aren’t that many new (housing) communities,” Ruffner said. The firm said its marketing research showed that likely buyers will come from Central and South County. “We focus on attainable housing, so this will be for mid-level income buyers, probably working couples,” Ruffner said. “Our focus here is to set the price points in a range that people can buy their first home or move up.” Sweetwater Vistas will be divided into three separate communities. Each community will have its own recreation center and two will have pools. Residents of Sweetwater Vistas also will have access to the amenities in Sweetwater Village across the street, Ruffner said. All of the townhomes and single-family homes will come with solar electric panels and buyers will have the option of adding electric vehicle charging stations in their garages, Ruffner said. “Our focus will be to try to keep the cost of ownership as low as we can with all of the energy efficient programs we have in the house,” Ruffner said. “All the fixtures will be certified water-wise so we’ll be very conscious of water use on the project.”

New!Other announcement

Inland Empire Residential Land Boom Continues as Meritage Homes SoCal Completes Their Largest Acquisition To-Date

Inland Empire Residential Land Boom Continues as Meritage Homes SoCal Completes Their Largest Acquisition To-Date

Province West Represents SunCal in Sale of 850 Lots in Beaumont’s Fairways Master-Plan IRVINE, California (July 19, 2021)– The Inland Empire’s land sales boom is expanding as public homebuilders continue to snap up large-scale residential land development opportunities to meet the skyrocketing consumer demand for single-family homes in the region — and the recent sale of 850 lots in Beaumont underscores this strength and urgency of this trend. Province West — Southern California’s premier land transactional advisory firm and a top-selling residential land brokerage in the Inland Empire — today announced the sale of the final phases at The Fairways master-plan in Beaumont. The transaction encompasses approximately 850 lots and is the largest land acquisition to-date for Meritage Homes’ SoCal Division. The recent Fairways transaction is the eleventh closed by Province West in the Beaumont – Calimesa area for landowners SunCal since 2015, spanning 24 neighborhoods, nearly 2,400 single-family homesites, and almost $120 million in total consideration. “In the last 12 months, we have seen increased participation on land offerings by a broader pool of public homebuilders intent on securing larger-scale assets in the Inland Empire,” said Dan McDonough, principal of Province West. “Since October of 2020, Province West has completed five 500+ lot transactions with five different public homebuilders, including KB Home, Lennar, Meritage, Pulte, and Taylor Morrison, – with several more larger scale transactions in the works. That compares to a total of six such land acquisitions by publics in the previous ten years – all but two of which were closed by Lennar.” The Fairways is an established golf-oriented master-plan located along Interstate 10 (I-10), within the City of Beaumont, California. The highly amenitized community offers an active, family-friendly lifestyle and endless recreational opportunities, including the adjacent PGA Morongo Golf Club at Tukwet Canyon, parks, schools, walking trails, and access to The Canyon Club, an 8,000-square-foot residents-only recreation center. Spanning 985 acres, The Fairways will total approximately 3,300 homes at build-out. "The Fairways transaction is further evidence of a dramatic shift and expansion in acquisition parameters by the public homebuilders,” says McDonough. “It demonstrates a willingness to deploy significant capital and assume relatively oversized development, entitlement, and market risk to secure the land needed to accommodate pipeline replenishment and growth”. Within The Fairways community, Meritage Homes’ newly-acquired homesites include a mix of 5,000, 5,500, and 6,000 square-foot minimum lots that will accommodate a variety of home sizes and configurations within several neighborhoods. The delivery of homes could occur as early as late 2022 and will complement existing neighborhoods within the master plan by DR Horton and Woodside homes. “Our strategic acquisition in The Fairways will play a key role in Meritage’s community count and home delivery growth objectives for the foreseeable future,” said Nick Emsiek, President of Meritage Homes’ Southern California Division. “Beaumont is one of the region’s most affordable markets and will allow us to deliver quality, energy-efficient homes to homebuyers through our LiVE.NOW program, which provides a simpler, easier, and more affordable route to homeownership.” For more information contact Daniel McDonough at Province West. dmcdonough@provincewest.com | o. 949.954.5970 | DRE. 01329686

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