The Latest

Major Housing Developer Pulls Out Of California

A major housing developer has announced that it will no longer pursue new projects in California. Atlanta-based Wood Partners, one of the country’s largest real estate developers, did not provide a reason for its withdrawal, but said it would complete projects already under way in the state. The company said it was “committed to the
bySarah Blake
26 July 2024
1 minute read
Major Housing Developer Pulls Out Of California
Total
0
Shares
0
0
0

A major housing developer has announced that it will no longer pursue new projects in California.

Atlanta-based Wood Partners, one of the country’s largest real estate developers, did not provide a reason for its withdrawal, but said it would complete projects already under way in the state.

The company said it was “committed to the execution of the construction, lease-up and stabilization of our projects in these impacted markets while continuing to be good fiduciaries for our capital partners,” according to a statement from CEO Joe Keough.

This is a breaking story. More to follow.

Uncommon Knowledge

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Author
Sarah Blake
Hi, I'm Sarah Blake, an investigative journalist with a passion for uncovering the truth. With over a decade of experience in journalism, I've dedicated my career to bringing hidden stories to light and holding the powerful accountable. My work has taken me across the country, from small towns to major cities, and I pride myself on my relentless pursuit of facts and justice.
Leave a Reply
Related Posts
Nigella Lawson leads donations to help rebuild Liverpool library and foodbank after it was torched by far-right thugs
Read More

Nigella Lawson leads donations to help rebuild Liverpool library and foodbank after it was torched by far-right thugs

Nigella Lawson is leading donations to help rebuild Liverpool's 'library of the future' which hosted a foodbank and helped get people into work after it was torched by far-right thugs. The Spellow Hub Library was engulfed by flames on Saturday after shameless rioters set it alight during another night of 'sickening' violence that tore across the
byEmily Carter