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June 15, 2017

CalAtlantic comes to Seattle

CalAtlantic Homes said it will enter the local market by acquiring the single-family homebuilding division of Oakpointe. The Arlington, Virginia-based company now will own over 1,750 homesites in 19 future communities, seven of which are expected to be marketed in the first quarter of next year. No layoffs are planned. Oakpointe CEO Brian Ross will separately operate the development division, which was not part of the sale. In a statement, CalAtlantic CEO Larry Nicholson said, “Seattle's booming economy and strong job market presents a tremendous growth opportunity for CalAtlantic.” The company operates in 43 markets in 19 states. Current master-planned developments include Ten Trails in Black Diamond.




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