REAL ESTATE
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Winning Builders: Irvine Co. has selected several firms to build single-family homes in the company’s Northwood 5 project near Irvine.
Twelve builders were vying for the opportunity, but the developer tapped five with which to negotiate exclusively. The winners: Kaufman & Broad in Los Angeles, Costain Homes in Newport Beach, Standard Pacific Corp. in Costa Mesa, Taylor Woodrow Homes California Ltd. in Laguna Hills and Pardee Construction of Los Angeles.
“We were very pleased to have such depth and breadth of builder interest in this project, which suggests improving economic conditions and strong confidence about this location,” which is in an unincorporated area of Orange County near Jeffrey Road, said Larry Thomas, spokesman for Irvine Co.
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