Hearthstone
Five Point Posts Q1 Loss, Launches $40MM Buyback as California Land Sales Slide to Back Half
The Irvine developer is holding fire on major land deals until the third and fourth quarters, betting that patience preserves pricing power in...
Lennar Posts Q1 Revenue Miss as Geopolitical Risks and Institutional Buyer Pullback Cloud Nation’s Largest Homebuilder
The company’s $6.62 billion quarter fell 13 percent short of the prior year, with management flagging a widening set of macro risks even...
Hearthstone Acquires 271-Acre Moorpark Development Site for $59.4MM
Institutional investor takes control of approved 755-home Hitch Ranch project from Comstock Institutional investment manager Hearthstone has acquired a 271-acre residential development site...
Five Point Holdings to Acquire Controlling Interest in New Landbank Venture With Hearthstone
IRVINE, Calif.–Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today...
CalSTRS Allocates $1.3B for New Real Estate Opportunities Across West Coast Markets
By Jon Peterson California State Teachers Retirement System (CalSTRS) has issued $1.3 billion of new capital into three joint ventures with managers that will...
