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Article: Homebuilders Flocking to San Gabriel Valley.
- Article from:
- Los Angeles Business Journal
- Article date:
- April 10, 2000
- Author:
CopyrightCOPYRIGHT 2000 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Just when it looked like all the local homebuilding action was taking place in the northern reaches of the county, the eastern San Gabriel Valley has roared back to life.
Homebuilders are snapping up any large, developable properties they can find in places like West Covina, Diamond Bar, Rowland Heights and Azusa. And they're building single-family homes targeted for mid-to-high-end buyers.
"During the downturn, no one was moving forward with the entitlement process. Now, properties are coming to the market and builders are clamoring to get their hands on them," said Roland Chavez of O'Donnell/Atkins Co., a land brokerage based in Costa Mesa that has ...