June 23, 2023
The Hoffman Company Announces the Sale of 31.7 Acres in Murrieta, Calif., for $38 Million to National Multifamily Developer JPI
The Hoffman Company is pleased to announce the $38 million sale of 31.7 acres of vacant land in Murrieta, California, to JPI, one of the nation's largest multifamily developers. The 852-unit, four-story apartment community is poised to transform the local housing landscape and meet the growing demand for quality living spaces in the downtown corridor. Ground-breaking on this fully entitled property is estimated for late 2024 or early 2025.
The Hoffman Company Announces the Sale of the 46-Acre Murrieta Hot Springs for $50 Million
The historic Murrieta Hot Springs has been purchased for $50 million by Olympus Real Estate Group, a real estate investment and development firm with plans to renovate and preserve the 46-acre property as a hot springs wellness resort and day spa.
The Hoffman Company Brokers 18-Acre Parcel in Riverside, California, for Mixed-Use Development
The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC.