Definitions

Signature Properties

Signature Properties

Signature Properties is a real estate developer based in Pleasanton, California in the eastern San Francisco Bay Area that constructs housing in the United States, primarily in the state of California. The company president is Mike Gahielmetti.

History

Signature Properties was founded in 1983. The firm has built 50 communities totaling 5,000 housing units over the 15-year period between 1983 and 2008. The company's projects are centered in Northern California, especially in the San Francisco Bay Area and Sacramento Region.

The company was involved in a 4 million dollar settlement with embattled Arkansas developer Ben Israel.

The Pleasanton, California school district has sued Signature Properties and another company for not funding the building of an elementary school in the Ruby Hills district. A preliminary judicial judgment by the Alameda County Superior Court has ruled in the companies' favor deciding that Signature et al are not obligated to build it. A decision on whether or not to appeal has yet to be made and all parties have agreed to extend the statute of limitations on making such an appeal while negotiating in arbitration.

Due to the sub prime mortgage crisis some of the company's projects are not selling very well, such as the Candlestick Cove development adjacent to Candlestick Park in the far southern Bayview District in San Francisco.

Signature also helps to sell properties and will even lease them while they are for sale so that the owners can make extra monies.

References

External links

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