Posts Tagged:Pritzker/Vlock

Orange County Register: They’re rebuilding fancy homes, knowing that buyers will come

BY MARILYN KALFUS / STAFF WRITER Creating luxe homes on speculation in hot neighborhoods is gaining steam – and private equity funding helps When Brian Sperry came across a two-story, waterfront home at the northern tip of Linda Isle with an expansive view of Newport Harbor last year, the real estate developer knew it presented…

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UT San Diego: Real Estate Investors Target the Coast

By Jonathan Horn 6 a.m. May 3, 2014 With home values recovering from the Great Recession and the fix-and-flip market drying up, what’s a real-estate investor to do? In Southern California, American Coastal Properties is going for the high end. Instead of focusing on buying bank-owned homes from auction, fixing them and selling them for…

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San Diego Business Journal: Company Pursues Quality From Start to Finish In Repositionings

by Stephanie R. Glidden Home foreclosures are down and home prices are up — exactly the opportunity that Nick Sinatra and Anthony Nanula of American Coastal Properties LLC are in Southern California to seize. Forti­fied with a recent $50 million investment from Colony Capital LLC and the Pritzker/Vlock family, American Coastal is busy buying high-end…

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Wall Street Journal Deal of the Week: Luxury House ‘Flippers’ Get a Lift

by Nick Timiraos Nick Sinatra, the owner of a small real-estate investment firm, believes he has found the next big opportunity in the housing market: renovating and flipping million-dollar properties. Well-heeled investors think Mr. Sinatra is on to something. On Wednesday his company, American Coastal Properties LLC, is set to announce that it has received…

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