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April 27th, 2012

Pacific Walk Model Grand Opening Event May 5

The City of La Palma and Olson Homes Announces Grand Opening of Tapestry Walk, La Palma’s First New Homes Since 1996

April 19th, 2012

La Palma, CA.– April 19, 2012 – Olson Homes, the leading developer of in-town urban living, announces the official ground breaking event of Tapestry Walk the first new home residential community since 1996. City officials will be present for the groundbreaking dedication including Mayor, G. Henry Charoen, La Palma Council Members, city department heads and staff.

The City of La Palma acquired the property in December 2010 and The Olson Company was awarded the project through an RFP process in March 2011. The Tapestry Walk community will consist of 12 townhomes with three of the homes set to be sold to low income buyers and another three of the new homes to moderate income buyers. The remaining homes are to be sold at market rate expected to be priced from the low $400,000s.

Tapestry Walk is located adjacent to Montecito Villas on La Palma Avenue. Tapestry Walk will be the first new homes built in the City of La Palma since the Montecito Villas were developed by The Olson Company in 1995-1996. La Palma’s central location, retail, services and proximity to employment, easy freeway access, good schools and recreation, will attract local buyers as well as buyers from both Orange and Los Angeles Counties. The shortage of new homes, limited supply of resale homes in the area as well as competitive price points will make Tapestry Walk a good value to potential buyers who currently rent and are desire a move up home or location.

La Palma was named the 16th Best Small City in the country by Money Magazine in 2007 because of the quiet and friendly environment, great schools, nice homes, and well maintained streets and public areas. Accordingly to Money Magazine in 2011, La Palma was one of only three California Cities to make the top 100 list. The top 10 employers in La Palma include Kellogg’s, ADP, and Honeywell that together employ over 2,600 people in a town that is only 1.8 square miles in size.

Tapestry Walk will consist of three different floor plan types ranging in size from 1,346 to 1,819 square feet and offer up to four bedrooms and two and up to three bathrooms.

The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories in 2010, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to providing these communities, The Olson Company understands all that goes into buying a new home and provides tailored services to support the needs of homebuyers, such as financial education and continued support services.

The Tapestry Walk Sales Office is located at 5410 La Palma Avenue, CA 90623. For more information or to sign up for the interest list, visit the new website at www.tapestrywalk.com. For additional information on other Olson Homes communities visit: Olsonhomes.com.

Olson Homes Announces Grand Opening of Pacific Walk, South Bay’s Newest ‘Walkable’ New Home Community in El Segundo

April 17th, 2012

Interest list for LEED Certified Townhomes Now Open; Grand Opening Event Slated for May 5th, 2012

El Segundo, CA. –April 17, 2012 – Olson Homes, the leading developer of in-town urban living, announces the grand opening of the model home sales center and interest list for its newest residential community Pacific Walk, located in the heart of downtown El Segundo.

Homebuyers will enjoy coastal living with a small town feel at Pacific Walk™. Hop on a bike and ride the short distance to the beach for swimming, surfing and volleyball. Or head the other way into charming downtown El Segundo, with shops, restaurants, great schools and a wonderful small town atmosphere. Pacific Walk offers the best of both worlds that is ideal for an active lifestyle.

Pacific Walk’s Grand Opening Sales Event will be held on May 5th from 10AM to 6PM. The event will offer potential residents the opportunity to tour the models and experience the surrounding El Segundo community, while featuring family fun activities such as the Extreme Game Truck, and Valentino’s Pizza truck.

Pacific Walk will consist of 12 attached townhomes, ranging in size from 1,640 to 1,661 sq. ft., with 3 bedrooms, 2.5 baths, and 2 car side-by-side or tandem garages. Expected to be completed in 2012, Pacific Walk will offer desirable commutes to the nearby employment centers in the South Bay – including Los Angeles, Hawthorne, Manhattan Beach, and Marina Del Rey, as well as close proximity to the nearby beaches, and many retail, dining and entertainment options.

“The Pacific Walk community represents the best of in-town living,” said Scott Laurie, President and COO of The Olson Company. “Located close to the beach, as well as El Segundo’s charming village filled with shops and cafés, Pacific Walk caters to those with an active, dynamic California lifestyle.”

The homes, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tank-less water heaters, and built-in recycle bins, among many other features.

The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories in 2010, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to providing these communities, The Olson Company understands all that goes into buying a new home and provides tailored services to support the needs of homebuyers, such as financial education and continued support services.

The Pacific Walk Sales Office is located at 616 West Imperial Ave., El Segundo, CA, 90245. For more information or to sign up for the interest list, visit the new website at www.PacificWalkHomes.com. For additional information on other Olson Homes communities visit: Olsonhomes.com