Santa’s come early! Just two days before Christmas, we are pleased to announce that we are now offering a generous $50,000 incentive on every home at StoneHaven Estates II. Oh, joy…Dreams do come true! Ho, ho, ho! Act now and next year, you can be in your brand new home at StoneHaven Estates II for the holidays.
The Southern Nevada Home Builders Association installed its 2012 slate of officers and directors during the installation and awards luncheon Thursday (December 8th) at the Four Seasons Hotel. CAMCO and Southwest Gas Corp. were co-sponsors of the event.
Source: Las Vegas Review-Journal
Greg Oberling of Warmington Residential Nevada was named the 2012 president of the Southern Nevada Home Builders Association at an awards luncheon Thursday, December 8th.
Effective Jan. 1, Greg Oberling of Warmington Residential Nevada is president of the 300-member trade group; Rocky Cochran of Pardee Homes is first vice president; and Robert V. McGibney of KB Home is second vice president.
Oberling is division president at Warmington, which he joined 16 years ago. He has worked in the real estate industry for 25 years, three years as a lender and 22 years in homebuilding. He started attending SNHBA events in 1989 when he was vice president of development at Falcon Development, becoming an active member in 1996. He has served as first vice president, second vice president, chairman of the association’s Legislative and Community Planning and Development committees, and a member of the Executive Committee. A native of Quincy, Ill., he moved to Carson City at age 16 where he graduated from Carson High School and the University of Nevada, Reno.
Diana Bossard of B2 Development Services continues as the association’s treasurer; and Tony Stipanov of Southwest Gas Corp. continues as secretary in 2012.
The builder members on the board of directors are: Mark Bivins, Inspiration Homes; Don Boettcher, Dunhill Homes; Clinton M. Cox, Meritage Homes; James Gomez, Richmond American Homes; David S. Jennings, D. R. Horton; Brandon Laughter, Pulte Homes; Robert V. McGibney, KB Home; Frank Pankratz, EHB Cos.; Jeremy Parness, Lennar; Brian Plaster, Signature Homes; and Tom Warden, The Howard Hughes Corp.
The associate members on the board are: Barbara Baird, B2 Development Services; Scott Donnelly, Cooper Roofing Co.; Jim Fitch, Cox Las Vegas; Sherrie Hermann, Cal/Pac Painting; Ed Lubbers, The Lubbers Law Group; Ken Williams, CAMCO; and Darren Wilson, Sierra Air Conditioning.
These elected board members, along with the officers, the senior directors and past presidents, constitute the board of directors.
During the event, SNHBA’s outgoing 2011 President Frank Wyatt of Pinnacle Homes presented several awards.
The Builder Member of the Year Award went to Rocky Cochran of Pardee Homes, and the Associate Member of the Year Award went to Jerry Helton of Development Consultants for “outstanding service to the association and the industry.”
President’s special awards for outstanding contributions to the community and/or industry went to Nevada State Sen. Michael A. Schneider; Gale Wm. Fraser II, the general manager and chief engineer at the Clark County Regional Flood Control District; former Las Vegas Mayor Oscar Goodman; Irene Vogel, the chief executive office of the Greater Las Vegas Association of Realtors; Steve Holloway, executive director of the Associated General Contractors-Las Vegas chapter; and member Southwest Gas Corp.
The 2011 Builder Spike Award for membership recruitment went to Dan Wright of Distinctive Homes as the builder member who recruited the most new members this year; the Associate Spike Award went to David Fortner of American Pavement Preservation as the associate member who recruited the most new members in 2011.
Founded in 1953 by 12 local home builders and incorporated with the state of Nevada in 1954, the Southern Nevada Home Builders Association ranks as the oldest and largest local trade organization representing the residential construction industry. Its members work in all facets of the homebuilding industry.
Nine out of 10 of these new projects have been financed using traditional third-party debt and equity the builder is reporting.
Over the past 15 months, Warmington Residential California has closed escrow or is preparing to close escrow on 10 new single-family home developments representing 235 units in locations throughout southern and northern California. These include projects located in Chatsworth, Ladera Ranch, Vista, and Encinitas (2) in Southern California; and Davis, Sacramento, Hayward, San Jose and one other in Northern California
The total combined acquisition costs for these 235 single-family units will be approximately $50 million and Warmington is projecting that the sale of homes in these 10 projects will generate nearly $190 million in revenue.
The majority of these new units are single-family detached homes with the exception of San Jose, where Warmington will build and sell 86 town home units. Prices within these new communities range from the upper $300,000s to over $1 million. Six of the 10 new sites are now active and Warmington has begun constructing and selling homes.
Despite on-going challenges among private home builders to secure third-party financing for new projects, the bulk of these acquisitions were completed using institutional capital and traditional construction loans. In acquiring these deals and others, Warmington formed a strategic affiliation with two joint venture partners, IHP Capital Partners and The Resmark Companies, whose goals include aligning with “high-quality builder/developer partners in single-family attached and detached residential communities . . . whose principals have demonstrated an ability to successfully manage their business during divergent business cycles.”
Currently, Warmington’s acquisition strategy includes identifying sub-markets that display strengthening demand and stabilizing prices. Primarily this includes infill locations within positive employment areas and low resale distress.
“We have concentrated our efforts on projects not sought after by the bigger, public builders, who generally favor those with higher lot counts and finished lots,” said Jim Warmington, Jr., president and CEO of Warmington. “In most cases, this has naturally steered us to smaller properties. We have been able to leverage the Warmington reputation and often are able to build a personal relationship with the sellers, allowing us access to many “off market” opportunities.”
Warmington said that this includes locations where the opportunities for obtaining entitlements and project approval are very limited and exclusive, or where the built-out status makes available land unusually rare and highly sought after by new home buyers; as well as locations where it’s possible to offer product that will be unique in the market place due lot sizes or configurations that allow special features such as single story homes, four-car garages, detached casitas, and others.
Seaside Highlands by Warmington Residential California located in Encinitas, CA, is one of 10 new communities Warmington recently introduced.
By offering niche neighborhoods in desirable locations where supply may be limited, Warmington is able to gain market share by presenting new and unique opportunities within established residential neighborhoods. This strategy is paying off in that it’s allowed Warmington to continue to open new projects, record new sales, retain employees, and foster its relationships with lenders and partners.
The Warmington group of companies also is actively developing approximately 800 apartment homes within three Las Vegas communities, which are in various stages of production and leasing.
The Southern California Division of Warmington and the group’s corporate headquarters are located at 3090 Pullman Street in Costa Mesa, CA 92629. For more information, visit www.HomesByWarmington.com or call (714) 557-5511.
Davis? Yes! Mahogany Lane is now offering spacious BRAND NEW HOMES within this idyllic residential setting for prices that begin from the mid-$600,000′s.
Lucky you, if in fact you are looking to make Davis, California your new hometown. What a community! It’s filled with small town charm yet has the advantage of offering big city amenities.
Lovely residential neighborhoods, excellent schools, a vibrant downtown with shops, restaurants, coffee houses and a weekly farmer’s market, the “college town” vibe with the presence of the University of Davis, and more characterize this special locale. Plus Davis is known as one of the most bicycle friendly communities in the US. All of this and its reputation for offering the availability of more affordable housing make Davis a very desirable place to call home.
Now with the introduction of Mahogany Lane by Warmington Residential California, home buyers have a really exciting opportunity to purchase a brand new and spacious family-size home in south Davis for prices that may surprise you. Plus, right now, we have some AMAZING and very generous Year End Specials that are available right now. Come see us!
Okay, okay…you’ve been listening, paying attention, and weighing your options. Are you convinced yet that it really is a good time to buy a new home? You’ve waited long enough!
If you are serious about buying, you should seriously consider this: Your opportunities are excellent and most experts agree that today’s buyers will likely get all the gain with little or no pain. You are in an enviable position!
Outstanding prices that have been dramatically reduced over the past few years, crazy low interest rates that make your monthly costs of ownership more affordable, and many eager sellers who want your business ~ these are a few of the advantages you currently enjoy as a ready, willing and able new home buyer. But wait, there is more…50,000 more reasons to buy now at Seaside Highlands in Encinitas.
This may be the once-in-a-lifetime opportunity you’ve been waiting for! These homes, this location, the special values….everything adds up. Finally you’ve found it. Your patience has paid off. Congratulations.
by Sylvia Rose, sales representative at Edgehill Terrace in Vista.
I have never heard any disagreement on that point, although, admittedly, the people in agreement live in San Diego County. Another point we agree on: it is pretty expensive to live in San Diego County…especially when it comes to buying a home!
All segments of the economy have experienced ups and downs (mostly downs) in the past couple of years…but things are looking up. The good news for buyers is that the downturn has made homes in San Diego County affordable again!
With mortgage interest rates at historic lows, and home prices steadying, it’s the perfect time to buy, and I can tell you where your hard-earned dollar will stretch farther than almost anyplace else in San Diego…Edgehill Terrace in Vista.
Our lot sizes average just over a half-acre, with an average of 30 feet between neighbors on each side. Some lots have a casita/granny-flat. Got toys? Some lots will accommodate your boat or RV. Every home has either a 3-car garage or a 4-car garage.
Our floorplans are fantastic! Our 1-story house is 2,836 square feet, designed for function, but looks & feels luxurious with 10’ ceilings, a 2-sided fireplace and over-sized sliding French doors leading to the back yard. Our 2-story home is great for families, with 3,159 square feet, up to 5 bedrooms, a spacious family room and a bonus room.
Where else can you find all these wonderful amenities in new construction? And, where can you find a community like this with prices starting at $550,900?
Visit Edgehill Terrace today. Built by Warmington Residential, a quality builder for more than 80 years, you can be confident that Edgehill Terrace is THE place to call “home.”
And remember: $30,000 Incentive on remaining Phase 1 homes until 10/30/11!!
Open 10-6 Thursday-Sunday, 12-6 Monday. Closed Tuesday & Wednesday. Take the 78 freeway to Vista Village Drive, turn north. At Vale Terrace, turn right. At Foothill, turn Left. At Edgehill, turn Right. Edgehill Terrace is up the hill, on the right side. Or call 760-941-4820 for more information.
The following is a letter written by our sales representative at Edgehill Terrace in Vista, Sylvia Rose. It was intended to let her best prospects know about a new, valuable and really exciting opportunity that is available for a limited time at Edgehill Terrace. But we started thinking, let’s tell everybody!
“Hello! You’ve been here and have seen our model home, and the community. You really liked what you saw, right?
So, now you think…should I/we buy that wonderful, new home?
I can give you thirty-thousand reasons to buy at Edgehill Terrace now…$30,000!
I have exciting news! In phase 1, we have adjusted prices and added a $30,000 incentive (toward closing costs & upgrades) and we are including front yard landscaping!
This is for a limited time, so you must make your reservation on or before October 30, 2011! See sales associate (me) for details.
There are only two single-story homes remaining in that phase and currently three 2-story homes available. Prices range from $561,900 to $657,900.
In addition, we have homes available in phase 2, but again, choices are limited and will not last forever.
Please come back soon and allow me to show you around the community, and see which home site works for you. I’m open 10-6 daily, but closed Tuesdays & Wednesdays.
Thank you and enjoy your weekend!”
– Sylvia
Edgehill Terrace is an intimate gated neighborhood of 14 spacious family-size homes set in the hills of Vista. Big homesites, detached casitas, single-level and two-story homes, stunning architectural styling and more all contribute to making this neighborhood very desirable. Now, with these Phase One specials, there are $30,000 additional reasons to buy now at Edgehill Terrace. But you have to hurry. The program is good until October 30th.
You can contact Syliva Rose here. You may view artist’s renderings, interactive floorplans and a complete features list here.
Seaside Highlands by Warmington Residential California is located less than two miles from the beach and water in Encinitas, California.
Now, keep in mind this is just a sneak peek! Our professional photography is being shot now. But we couldn’t wait to share with you the beauty and exciting home designs that are featured at Seaside Highlands by Warmington Residential California.
These photos are some we took in advance of our Grand Opening last weekend. We hope that you were able to come out and see these spectacular homes in person, but if not — we are hopeful that this sneak peek will entice you to do so.
Click here to view interactive flooplans showing all the amazing indoor and outdoor living spaces depicted here, as well as artist’s renderings of all the architectural styles. Plus you can get a map and directions to Seaside Highlands by Warmington Residential California.
Come Experience the Luxury! You’ve got to see these homes. Introducing an exciting addition to the Encinitas, California new home marketplace, Seaside Highlands by Warmington Residential California is celebrating its long-awaited Grand Opening!
The three professionally designed and landscaped model homes are now open for touring and homes are now selling. If you visit on Saturday, October 1st, please plan to be our guest and enjoy light refreshments including gourmet espressos and Hawaiian shave ices beginning at 10 a.m.
These luxurious residences feature stunning Santa Barbara and Mediterranean inspired architecture and some incredible outdoor living spaces such as cabanas, courtyards with fireplaces, covered porches, patios, decks and more.
Plus, this is a 100% Solar Community!
There is so much exciting stuff going on…so much to see. You’ve got to get to Seaside Highlands!
>>Click here for a map and directions<<
Contact the sales office to learn more — 760 942-1836
This weekend is a happy one for Warmington. It marks our official return to Davis! On Saturday, September 24th, we will debut our brand new models at Mahogany Lane and we will be celebrating with light and lovely refreshments. If you are able, please join us!
The neighborhood is set within an area with many beautiful custom homes and the residences at Mahogany Lane have been very thoughtfully designed to complement this setting and enhance the existing neighborhood.
A total of five single-level and two-story homes are offered with approximately 2,500 to 3,500 square feet of living space. Three to five bedrooms, up to 3.5 bathrooms and three- and four-space garages are featured. Santa Barbara, Spanish, Craftsman, French Country and Ranch architectural styles offering a pleasing diversity throughout the neighborhood and add to the variety of choices that new buyers will enjoy.
Mahogany Lane has a very exciting, “Solar Lease Program” for homeowners that will allow them to easily and effortlessly save energy and money using solar power at home. This means that instead of purchasing the entire system, and being responsible for maintaining it, they only have to lease the system and enjoy its many benefits.
In the late 1990’s Warmington built homes within several neighborhoods in Davis.
“Davis is a one-of-a-kind residential setting and we are so proud to be a part of this exceptional community,” said Joanne Anderson, vice president of sales and marketing for Warmington Residential California. “It is good to be back. We are very eager to begin meeting with area residents and prospective new home buyers as sales at Mahogany Lane get underway.”
