REAL ESTATE : Yorba Linda Home Builder Gets South Korean Backing
Compiled by Debora Vrana, Times staff writer
Pacific Alliance Communities, the Yorba Linda home builder, has received a $19-million cash infusion from one of South Korea’s largest construction and development firms, Sungwon Corp. of Seoul. The new joint partnership plans to develop 160 single-family homes in Victorville.
The home building project may be the first of many for Sungwon, which is looking to invest $50 million in Southern California home building projects during the next year.
