New Residential Development and Approved Senate Bill in Historic La Puente

FOR IMMEDIATE RELEASE

Media Contact:
Jennifer Kearby, Marketing Associate
Land Advisors Organization
949.852.8288
jkearby@landadvisors.com

New Residential Development and Approved Senate Bill in Historic La Puente

Irvine, CA (September 20, 2017) – La Puente 45 Group, LLC, a subsidiary of Brandywine Homes has acquired a site entitled for 45 small-lot detached units in La Puente, CA from La Puente Associates, LLC, a subsidiary of Harridge Development Group, LLC. Land Advisors Organization (LAO), a nationwide advisory firm focused on the acquisition and disposition of land and land-related assets, represented the Seller.

Ideally situated off of North Hacienda Boulevard, the property will feature 45, two-story detached condominiums with amenities that include enclosed, 2-car garages and a tot lot. The close proximity to both the I-60 and I-10 freeways will allow for quick access to surrounding cities like Los Angeles, Pasadena, and Azusa. Terry Ruckle, Founding Principal at Land Advisors, explains that, “The La Puente site offers a unique infill opportunity for a sizable project in a core LA market.” Even more, the property is located within walking distance to schools within the Hacienda La Puente Unified School district. The condominiums are also conveniently located a mile away from La Puente’s weekly farmers’ markets and community events that are frequented by many.

Residing in the San Gabriel Valley is the city of La Puente; a community that takes pride in preserving its history while embracing and creating a distinct, vibrant culture. Developers are enticed by the city’s capability to provide properties with an eclectic edge. Additionally, city officials announced in July 2017 that California Senate Bill 361, which allotted La Puente $10 million dollars for city-wide improvements, had passed. The bill’s funding will help the city to improve and enhance its community centers, parks, and lighting—spiking the interest of developers, as they are uncovering the city’s reactivity to change.

The bill is exciting news for current residents, but it is also a foreshadowing of the improving real estate market in La Puente and the Valley. Ruckle concludes, “The LAO platform helped to expose the opportunity in a thoughtful way to take advantage of the assets positive attributes and create a successful closing in a timely fashion.”

###

Land Advisors Organization is a nationwide advisory firm focused on the acquisition and disposition of land and land-related assets. With deep market expertise and a national network, Land Advisors helps clients identify and capitalize on valuable opportunities. The diversified LAO-CA platform includes Landmark Capital Advisors, disciplined in sourcing real estate debt and equity, and Market Insite specialized in consulting and research products for new homes and residential land.