A national real estate development firm is relocating its corporate headquarters from Newport Beach, California, to Dallas.
Landsea Homes Corporation (LHC) announced the move Monday, noting that its corporate headquarters will be housed in a new 7,716-square-foot building at 1717 McKinney Street in Dallas. The new HQ will be located in Suite 1000 on the 10th floor of the downtown office building, according to the news statement.
The firm’s move to Dallas has been in the works for some time, according to John Ho, chief executive officer and director of LHC. The change is calculated, aiming to both increase shareholder value and capture market share throughout the state.
“As a national publicly traded homebuilder with communities from California to Florida, this is a strategic move in the best interests of our shareholders,” Ho said in the news release.
“In addition to our overall coast-to-coast growth strategy, we are very focused on growing our homebuilding footprint in Texas, and this move demonstrates our strong commitment to the state,” he said.
LHC joins a growing number of notable companies that have made the switch to Texas for its business-friendly, pro-growth, and low-tax environment.
Some prominent companies that relocated to the state include the PGA of America in 2018, Charles Schwab in 2019, CBRE in 2020, AECOM in 2021, and Caterpillar in 2022, among many others, as previously reported by The Dallas Express.
“In addition to the logistical advantages Dallas offers, we believe this relocation is beneficial from a number of standpoints, including a lower cost of living and access to a highly educated workforce, which are critical as we continue to build our corporate team,” Ho said in the news release.
LHC has an extensive background in building projects within some of the nation’s most desirable markets, including New York, Boston, New Jersey, California, and Texas.
The firm is currently working on several residential and multi-family projects throughout Arizona, Florida, Texas, and California.
