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Pasadena Builder Buys 3,052 Residential Lots in Calimesa
JPMB Investments, a Pasadena-based builder, acquired an unfinished development site in Calimesa that encompasses 3,052 approved home sites. The undeveloped parcels are within the 2,590-acre Summerwind Trails master-planned community that had been held by Irvine-based SunCal.
SunCal acquired the property in 2011 from Lehman Brothers’ bankruptcy sale and began selling lots in early 2018. So far, 600 homes have been built and sold by several homebuilders. Site grading is expected to commence early next year for the next phase, with finished lots available by the end of 2022.
Competition has heated up for land in the Inland Empire’s I-10 corridor between Calimesa and Beaumont. The area offers affordability and larger homes, which have found favor during pandemic times. Companies’ decentralized work strategies and remote work practices give employees the option to live farther away from an office.
Land Advisors Organization’s Mac O’Donnell, Terry Ruckle, Christopher Shiota, Doug Jorritsma and Ian Sinderhoff represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


