NEWS

DeNova Homes’ Dave and Lori Sanson Shine as The Recipient of the 2017 Hearthstone BUILDER Humanitarian Award

4/17/17: Those who know DeNova Homes founders David and Lori Sanson, who happen also to be familiar with the Hearthstone BUILDER Humanitarian Award, might agree that this was a collision course in the making going back to about December 2004. It was only a matter of when stars would align–not if–our annual process of identifying and celebrating home builders who give back in big ways would find the Sansons and spotlight their work.

A major focus of their attention and a lot of Dave’s waking hours is the fundraising and completion of a $1 million dining hall at Fairfield, Calif. Mission Solano Bridge to Life Center, on which DeNova, Nordby Construction, and HomeAid Northern California have teamed up with plans to complete Phase 2 construction this year. This new facility will give the Bridge to Life Center’s 208 homeless and hungry individuals an opportunity to be fed, housed and trained with compassionate and strategic care.

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Hearthstone Acts As The Exclusive Financial Advisor To Japan’s Sekisui House in Acquisition of Woodside Homes

2/22/17: The owners of Woodside Homes have agreed to sell the 40-year old entity, ranked 27 in the Builder 100, to Japan’s largest homebuilding enterprise Sekisui House in a deal with an estimated value in excess of $468 million.

The transaction–which transfers ownership of all shares of the company including equity interests of BUILDER parent-company Hanley Wood majority owners Oaktree AC (35.7%), Stonehill Institutional Partners (33.4%) and 12 other “owners” whose stakes total 30.9%–is set to close March 1.

The deal is one in an increasingly rapid-fire series of private home builder acquisitions by Japanese mega-corporations fueled by expansionist interests in the United States market, and more suppressed growth opportunity in Japan itself. Several other deals are said to be in the works as well, with both Japanese–Sumitomo, Daiwa House–and a number of China-based organizations seeking beachheads in the United States home building and residential development business.

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Hearthstone and The New Home Company Buy Seabluff Condo Project in West L.A.

12/19/16: Land Advisors Organization, a real estate firm specializing in residential land development projects since 1987, has announced the sale of Seabluff Condominiums, a 75 unit “permit-ready” project located in West LA’s Playa Vista, CA.
The project is located in Phase 1 of the Playa Vista master plan and is the last for-sale attached development parcel available in the entire community.

Terms were not disclosed. Land Advisors exclusively represented Playa Capital Company, LLC, a subsidiary of Brookfield Residential Properties, Inc., in the sale to Sea Bluffs – Playa Vista, L.P., a joint venture between Hearthstone and The New Home Company. The Land Advisors’ team representing the seller was comprised of Tim Barden, Richard Byrd, and Chris Gomez-Ortigoza.

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Hanley Wood Announces 2016 Hearthstone BUILDER Humanitarian Award

4/5/16: Hanley Wood, the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries, have announced that Chris Gaffney, Group President of Toll Brothers, is the recipient of the 2016 Hearthstone Humanitarian Award, presented annually by BUILDER magazine and Hearthstone, a leader in financing single-family development.

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