Land investor hires Lennar exec

November 27th, 2007, 5:03 pm · 11 Comments · posted by Jon Lansner

Some news, while modest, makes you go “Hmmn …” Like word that Foremost Communities Inc., a residential land developer and investor from Irvine, hired Lennar exec Rush Stanisai as land acquisition manager.

Seems a key chore for Stanisai will be helping to choose acquisition targets for Forestar, a joint venture between Foremost and investment giant Starwood Capital Group. The plan is to invest in $250 million-plus worth in SoCal land over the next several years.

Stanisai’s job at Lennar, one of O.C.’s largest landowners and homebuilders, was described as finance manager. A Foremost press release says Stanisai “played an integral role in renegotiating land and conducting extensive feasibility assessments of key Inland Empire properties for Lennar.”

Considering Lennar’s junk-bond status and a need for spare cash, one wonders if Forestar’s got eyes on any other Lennar “assets.”

Posted in: Brokers, builders, etc.

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Truthiness says:

November 27, 2007 at 5 pm

But Orange County land is free.

no_vaseline says:

Just because he arranged all the purchases and knows they overpaid big time doesn’t mean he doesn’t know where the good stuff is.

There is a bunch of availible land in OC to develop. Two companies control almost all of of it. And they aren’t distressed.

Hiring Stanisai will prove to be the HR hire of the century. In about 10 years.

November 27, 2007 at 6 pm

No_vaseline, your screen name is the foulest of the foul. I’m surprised Lansner lets you use it. You are just nasty, period.

south county says:

Lennar is not paying its subcontractors for on site and off site improvements in it’s land development division. Why are they not paying? because they are walking from the projects. You don’t let unfinshed developents sit and wait for the market to turn around, you default on them. How do I know this, I work for one of the subcontractors not getting paid.

upthecreek says:

November 27, 2007 at 8 pm

No_vaseline, your screen name is the foulest of the foul. I’m surprised Lansner lets you use it. You are just nasty, period

LOL..hey No vaseline..Keep your screen name…I think it is great.Period as for lennar…when will you be finishing the dozens of projects you started…Talk about NASTY !!!

Patricio says:

November 28, 2007 at 7 am

Good ole Truthi focus on the stupid stuff like names…awesome.

November 28, 2007 at 8 am

Truthi is a rasist. Or, at a minumum, prejudice against a post-Jerry Heller Ice Cube.

Google is your friend Truthi. And frankly, so am I. Take my advice (as a friend) put away the sharp objects.

Kevin L. says:

November 28, 2007 at 2 pm

PBB hiring me would be the HR hire of the century.

James C. says:

Yep, me too! Then I wouldn’t have to make sandwiches any more.

G.G. says:

November 28, 2007 at 6 pm

Having worked with Mr. Stanisai, I think it this is already the HR Hire of the century.

Fairheaded Kid says:

December 11, 2007 at 2 pm

Why isn’t anyone talking about me? I want an article with my name on it. My ego can’t stand being forgotten for a second.

Somebody…anybody… please notice me. I am the king of this dying industry and I have all the answers to solve all of the problems.

I want to wear Bruno Magli’s and just talk smack to my fantasy football opponents all day? Is PBB Hiring?

Slice	Price	Ch.	Sold	Ch.
House	$495,000	+4%	1,841	+3%
Condo	$304,000	+3%	845	+8%
New	$500,000	+4%	150	-26%
All OC	$430,000	+2%	2,836	+2%

Orange County Register