DAN HEDIGAN
CEO
FIVE POINT HOLDINGS LLC
WHY: Five Point is the master developer for the Great Park Neighborhoods in Irvine.
IN THE NEWS: Five Point reported the sale of 105 homesite on 12.3 acres of land at the Great Park Neighborhoods earlier this year, for an aggregate purchase price of $96.1M – or $7.8M per acre. Five Point Holdings also sold 38 acres of commercial land at the Great Park Neighborhoods for $174.2 million.
QUOTABLE: “While we’re still seeing interest from both developers and users for these sites, we’re also looking at opportunities to repurpose these sites for residential use given the depth of demand and values being driven by residential uses.”
