Media Coverage

Builder: “SJV Homes Plans 80 Homes in Porterville, California”

Categories: Media Coverage | Posted: September 5, 2018 | Comments Off on Builder: “SJV Homes Plans 80 Homes in Porterville, California”

Acquires 15 acres of farmland and plans detached garden homes.

San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on 15 acres of farm land on Henderson Avenue in Porterville, California and plans to build Cambria, a new neighborhood with 80 single-family detached garden homes.

The partners plan to break ground this month and will begin model construction in January 2019. The retail value of this project will exceed $18 million. Pricing was not disclosed.

“The housing market in Tulare County continues to sizzle, and we know that’s because this is such a great place to live,” said Danny Garcia, vice president of sales at SJV Homes. “We’re thrilled to be able to get 80 local families into quality houses in a great location.”

Cambria will offer modern single-story homes ranging from 1,297 to 1,597 square feet with open floorplans and three bedrooms and two bathrooms on lots ranging from 4,750 to 5,840 square feet. The community is surrounded by rural residential and agricultural properties.

Located in west Porterville, about two miles west of Highway 65 and 15 miles east of State Route 99, Cambria is 30 minutes from Tulare and 45 minutes from Visalia. Porterville serves as a gateway to Sequoia National Forest, Giant Sequoia National Monument and Kings Canyon National Park. Cambria is also close to the Riverwalk Marketplace. Local employers include the Porterville Unified School District, Porterville Developmental Center, Sierra View District Hospital, Walmart Distribution Center and Eagle Mountain Casino.

This is SJV Homes’ 21st joint venture project with Presidio Residential Capital, a San Diego-based real estate investment company that funds 100% of the projects and operations of SJV Homes.

Founded in 2013 by Joe Leal, Jim Robinson and Randy Merrill, SJV Homes has sold more than 1,000 homes, making it one of the most active homebuilders in the region.

According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 80 single-family homes will generate $22.9 million in local income, $2.9 million in taxes and other revenue for local governments and 315 local jobs.

 

The Registry SF: “San Joaquin Valley Homes and Presidio Residential Capital Acquire 15 Acres for New Home Community in Porterville, Calif.”

Categories: Media Coverage | Posted: September 5, 2018 | Comments Off on The Registry SF: “San Joaquin Valley Homes and Presidio Residential Capital Acquire 15 Acres for New Home Community in Porterville, Calif.”

September 5, 2018

Local Home Developer to Build Cambria, Offering 80 Single-Family Homes

PORTERVILLE, Calif., (Sept. 04, 2018) – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on 15 acres of farm land on Henderson Avenue in Porterville and plans to build Cambria, a new neighborhood with 80 single-family detached garden homes. The partners plan to break ground this month – and will begin model construction in January 2019. The retail value of this project will exceed $18 million.00

“The housing market in Tulare County continues to sizzle, and we know that’s because this is such a great place to live,” said Danny Garcia, vice president of sales at SJV Homes. “We’re thrilled to be able to get 80 local families into quality houses in a great location.” Read the rest of this entry »

Porterville Recorder: “San Joaquin Valley Homes to build 80-house community on West Henderson”

Categories: Media Coverage | Posted: September 5, 2018 | Comments Off on Porterville Recorder: “San Joaquin Valley Homes to build 80-house community on West Henderson”

Posted: Wednesday, September 5, 2018 6:00 am

$18M project scheduled to break ground this month

Those in search of new-construction homes in town will soon have more neighborhoods to choose from, as San Joaquin Valley Homes of  Visalia announced Tuesday it has acquired property in Porterville to build an entire community of new residences.

The construction company and Presidio Residential Capital recently closed on 15 acres of farm land on West Henderson Avenue and plans to build Cambria, a new neighborhood with 80 single-family detached garden homes. 

The partners plan to break ground this month and will begin model construction in January 2019. The retail value of the project will exceed $18 million.

“The housing market in Tulare County continues to sizzle, and we know that’s because this is such a great place to live,” said Danny Garcia, vice president of sales at SJV Homes. “We’re thrilled to be able to get 80 local families into quality houses in a great location.”

Cambria will offer modern single-story homes ranging from 1,297 to 1,597 square feet with open floorplans and three bedrooms and two bathrooms on lots ranging from 4,750 to 5,840 square feet. 

The community is surrounded by rural residential and agricultural properties.

The homebuilders are optimistic about the economic impact the new neighborhood will have in Porterville. According to information cited in their press release from the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 80 single-family homes will generate $22.9 million in local income, $2.9 million in taxes and other revenue for local governments and 315 local jobs.

GlobeSt.com: “Central Valley Homes to Go For $200s”

Categories: Media Coverage | Posted: April 6, 2018 | Comments Off on GlobeSt.com: “Central Valley Homes to Go For $200s”
April 6, 2018 | By Lisa Brown

Joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 221 detached single-family homes priced from the mid-$200,000s to be open for sale by early 2019.

The new communities are to be across the street from the new Ridgeview Middle School.

VISALIA, CA—Facing Bay Area land scarcity and steep pricing, residential builders have found a good alternative in the Central Valley south of Fresno and 200 miles from the Bay Area. San Joaquin Valley Homes and Presidio Residential Capital have closed on 29 acres (151 lots) and plan to close an additional 19 acres (67 lots) next year.

The joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 221 detached single-family homes priced from the mid-$200,000s. These homes are scheduled to break ground this month and the neighborhoods are expected to be open for sale by early 2019. The retail value of this project is estimated to exceed $52 million.

The new communities are located on the northeast corner of West Riggin Avenue and North Akers Street across the street from the new Ridgeview Middle School, which just opened in the past year. The neighborhoods will be located less than 4 miles from downtown and about 4 miles east of State Route 99, a transportation corridor that connects Fresno to the north and Bakersfield to the south.

“Ideally located on prime Visalia land in the Northwest with easy access to excellent schools, these communities will be extremely appealing to first-time and move-up buyers, and young families,” said Danny Garcia, vice president of sales at San Joaquin Valley Homes. “We’re thrilled to provide high-quality housing at affordable prices in our hometown.”

Greystone will offer 127 traditional homes with six floor plans ranging from 1,658 to 3,205 square feet on lots ranging from 6,800 to 8,200 square feet with some premium lots of more than 10,000 square feet. Ashton Park will offer 94 garden homes with three floor plans ranging from 1,297 to 1,597 square feet on lots ranging from 4,700 to 6,000 square feet. The homes will feature 9-foot ceilings, pitched tile roofs, tile flooring, granite countertops, stainless appliances and two-car garages.

“The location/land is prime. It’s better than anything currently in Northwest Visalia. Everyone wants to buy in this specific area of Visalia,” Lisa Walker, director of marketing for San Joaquin Valley Homes, tells GlobeSt.com. “It’s in the best elementary district and amenities will be high end.”

According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 221 single-family homes will generate more than $63 million in local income, approximately $8 million in taxes and other revenue for local governments, and 875 local jobs.

The Visalia communities are San Joaquin Valley Homes’ 17th and 18th joint venture projects with Presidio Residential Capital, a San Diego-based real estate investment company that funds 100% of the projects and operations of San Joaquin Valley Homes.

The Sun-Gazette: “Visalia-based San Joaquin Valley Homes plans to develop two new neighborhoods in 2019”

Categories: Media Coverage | Posted: April 4, 2018 | Comments Off on The Sun-Gazette: “Visalia-based San Joaquin Valley Homes plans to develop two new neighborhoods in 2019”

Posted date: April 04, 2018

VISALIA — San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital have closed on 29 acres (151 lots) and plan to close an additional 19 acres (67 lots) next year in Visalia, Calif. The joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 218 detached single-family homes priced from the mid-$200,000s. Read the rest of this entry »

Builder: “San Joaquin Valley Homes Announces Two New Visalia, Calif. Communities”

Categories: Media Coverage | Posted: March 30, 2018 | Comments Off on Builder: “San Joaquin Valley Homes Announces Two New Visalia, Calif. Communities”

March 30, 2018

Greystone and Ashton Park will contain a total of 218 new homes priced starting in the mid $200,000s.

Joint partners San Joaquin Valley homes and Presidio Residential Capital plan to build two new single-family home communities, Greystone and Ashton Park, on adjoining land parcels in Visalia, Calif. The partners have closed on the first 29-acre parcel, which will contain 151 home lots, and plan to close on an additional 19 acres and 67 lots next year.

Greystone and Ashton Park are set to break ground next month, with neighborhoods open for sale by early 2019. The communities will contain a total of 218 new homes at full build out, priced from the mid $200,000s. The project’s estimated retail value is over $52 million.

“Ideally located on prime Visalia land in the Northwest with easy access to excellent schools, these communities will be extremely appealing to first-time and move-up buyers and young families,” said Danny Garcia, vice president of sales at SJV Homes. “We’re thrilled to provide high-quality housing at affordable prices in our hometown.”

Greystone will offer 127 traditional-style homes with six floor plans ranging in size from 1,658 to 3,205 square feet, while Ashton Park will offer 91 garden-style homes ranging with three floor plans ranging in size from 1,297 to 1,597 square feet. Each home will feature nine-foot ceilings, tile flooring, pitched tile roofs, stainless appliances and granite countertops.

The neighborhoods will be located less than four miles from downtown Visalia, and about four miles from State Route 99, which connects Visalia to Fresno and Bakersfield. According to the National Association of Home Builders’ local impact formula for single-family housing, the addition of 218 single family homes would add $63.7 million in income to the local economy, as well as $7.9 million in taxes and other revenue and 875 local jobs.

 

 

 

Builder: “SJV Homes to Build 151 Homes in Visalia”

Categories: Media Coverage | Posted: March 29, 2018 | Comments Off on Builder: “SJV Homes to Build 151 Homes in Visalia”

March 29, 2018

Homes will be priced from the mid $200,000s.

San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital have closed on 29 acres (151 lots) and plans to close an additional 19 acres (67 lots) next year in Visalia, Calif.

The joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 218 detached single-family homes priced from the mid-$200,000s.

A Greystone-Ashton Park model home.
A Greystone-Ashton Park model home.

These homes are scheduled to break ground next month and the neighborhoods are expected to be open for sale by early 2019. The retail value of this project is estimated to exceed $52 million.

“Ideally located on prime Visalia land in the Northwest with easy access to excellent schools, these communities will be extremely appealing to first-time and move-up buyers and young families,” said Danny Garcia, vice president of sales at SJV Homes. “We’re thrilled to provide high-quality housing at affordable prices in our hometown.”

Greystone will offer 127 traditional homes with six floor plans ranging from 1,658 to 3,205 square feet on lots ranging in size from 6,800 to 8,200 square feet with some premium lots over 10,000 square feet. Ashton Park will offer 91 garden homes with three floor plans ranging from 1,297 to 1,597 square feet on lots ranging in size from 4,700 to 6,000 square feet. These homes will feature nine-foot ceilings, pitched tile roofs, tile flooring, granite countertops, stainless appliances and two-car garages.

The new communities are located on the northeast corner of West Riggin Avenue and North Akers Street across the street from the new Ridgeview Middle School, which just opened this past year. These new residential neighborhoods are located less than four miles from downtown and about four miles east of State Route 99, a major transportation corridor that connects Fresno to the north and Bakersfield to the south.

Founded in 2013 by Joe Leal, Jim Robinson and Randy Merrill, SJV Homes closed on its 1,000th home in late December 2017, making it one of the region’s most active home builders.

The Visalia communities are SJV Homes’ 17th and 18th joint venture projects with Presidio Residential Capital, a San Diego-based real estate investment company that funds 100 percent of the projects and operations of SJV Homes.

 

Hanford Sentinal: “Kings County Business: Lennar wants to build 194 unit subdivision in Hanford”

Categories: Media Coverage | Posted: March 15, 2018 | Comments Off on Hanford Sentinal: “Kings County Business: Lennar wants to build 194 unit subdivision in Hanford”

By John Lindt Mar 15, 2018 Updated Mar 16, 2018

Fresno-based Lennar got approval from the city planning commission this week to build a 194-unit subdivision in Hanford. The project will be located on land recently approved for annexation at Stagecoach and Mustang Drive. Last year Lennar was the number two builder in the county behind San Joaquin Valley Homes.

Builder: “The Quest for Land: How Small and Medium Builders Are Finding Dirt”

Categories: Media Coverage | Posted: February 6, 2018 | Comments Off on Builder: “The Quest for Land: How Small and Medium Builders Are Finding Dirt”

February 05, 2018

Innovative approaches allow small- and medium-sized builders to secure affordable, buildable lots.

This story is part two in a BUILDER special report about the challenges facing small- and medium-sized builders. Read part one here.

For 25 years, Bob Schroeder worked for a family-owned builder in Michigan that developed its own lots. He’s no stranger to the process of finding, entitling, and developing land, but it’s a part of the industry he thought he’d left behind when he started Mayberry Homes in 2002. That wasn’t the case.

With lots growing more difficult to find coming out of the downturn, Schroeder soon realized that local land developers were not keeping pace with builder demand. Those developers, he says, struggled during the recession and were mainly looking to unload their standing inventory rather than develop new parcels once the market rebounded.

Read the rest of this entry »

Central Valley Business Times: “$30 million, 115-home development set for Tulare”

Categories: Media Coverage | Posted: November 30, 2017 | Comments Off on Central Valley Business Times: “$30 million, 115-home development set for Tulare”

TULARE
November 30, 2017 6:36am

•  Entry-level community expected to open for sale in Spring 2018
•  Latest development by San Joaquin Valley Homes and Presidio Residential Capital

A new residential community called “Brighton” with 115 detached single-family homes more than 72 acres in Tulare is to be built by San Joaquin Valley Homes and Presidio Residential Capital.

Construction on model homes is scheduled to begin in January 2018, and the neighborhood is expected to be open for sale next spring. The retail value of the project is estimated by the developers to exceed $30 million. Read the rest of this entry »