City Ventures Names Phil Kerr as Northern California President

City Ventures, Northern California, San Francisco, Silicon Valley, Bay Area, South Bay, Commercial Real Estate

Real estate veteran leads land acquisition and development efforts in key Northern California markets as rapid growth continues

SAN FRANCISCO (April 22, 2014) – City Ventures, the rapidly growing California homebuilder focused on repositioning underutilized real estate into thoughtfully designed homes in supply-constrained urban infill areas and high-demand suburban markets, today announced that Phil Kerr has been named Northern California President.

2010_basic_copyrightKerr, based in City Ventures’ San Francisco office, has been promoted from his position as Vice President of Development. As division president, he will oversee the planning, development and implementation of all the company’s communities in the region. In Northern California, City Ventures is focusing on the construction of townhomes, condominiums, lofts, mixed-use neighborhoods, live-work residences and single-family detached homes from the San Francisco peninsula through the Silicon Valley and in the East Bay.

“We own a tremendous amount of land in Northern California and see the region as key to our strategic expansion,” said City Ventures Chief Executive Officer Mark Buckland. “Phil has a successful track record of leading the development process for residential and mixed-use communities in the Bay Area. His passion for what we do as a company and his vast experience in land acquisition, entitlement, design and construction will ensure that we continue to grow and prosper. Phil clearly understands our business culture and development approach, as we’ve worked closely together for over 11 years, which makes him the absolute right choice for us as division president. We are proud to have him leading our operations up north.”

The announcement of Kerr’s new position comes on the heels of City Ventures announcing that is sold approximately 2,000 homesites in separate transactions to William Lyon Homes and Lennar Corp. According to Buckland, City Ventures plans to use the approximately $350 million in capital raised in those land transactions to purchase more land throughout California.

“We remain aggressive in our pursuit of land,” said Buckland. “We are specifically focused on Northern California, so the timing of Phil’s new position could not be better. He and his team will source land acquisition opportunities that fit our mission of buildings homes in areas that need them most.”

Kerr has actively worked with land owners, government agencies and cities to develop high-quality communities throughout California. Prior to joining City Ventures, Kerr oversaw acquisition, design, entitlement and construction for the Bay Area Townhome and Mid-rise Division of Intracorp. Before Intracorp, Kerr was with The Olson Company where he managed the entitlement and development of projects in the East and South Bay markets of the San Francisco region. Kerr earned his MBA from Harvard University and his bachelor’s degree from Dartmouth College.

About City Ventures
City Ventures is a rapidly-growing California homebuilder focused on repositioning underutilized real estate into residential housing in supply-constrained coastal urban infill areas, as well as high-demand suburban locations. City Ventures is based in San Francisco and Newport Beach, California. In Northern California, City Ventures is focusing on the construction of townhomes, condominiums, lofts, mixed-use neighborhoods, live-work residences and single-family detached homes in the North Bay, throughout the East Bay, along the San Francisco peninsula and down through the Silicon Valley to Santa Cruz County. City Ventures currently owns and controls more than 14,000 lots in California.

West Coast Commercial Real Estate News