ANNOUNCEMENT

<< Back To Home

Following the success of our Nogales Plaza in West Covina and the increasing demand for office condominiums, CGM plans to develop Diamond Star Office Condo, a 34-unit, 38,000 square foot professional office building in the City of Diamond Bar. Ground breaking is expected to be in October 2010 with an anticipated completion date in Fall 2011. CGM broke ground on another new development of a state-of-the-art medical / professional office building in West Covina in May 2007. After just one year later, we are proud to announce that our project has been completed. With the ever-increasing demand to own their own medical office, Doctors will be delighted to know that they will once again have an opportunity to purchase these brand new units.

We are pleased to announce that the residents in City of Chino have shown their support for Ivy Garden, a 107-unit senior condominium complex, which is part of our CGM The Golden Palms mixed-use project, with wide-margin votes in favor of this development. The strong support for the senior condominium project confirmed our market study that this type of high quality, but reasonably priced, for-sale senior housing is in demand in the area. This Phase 3 development was successfully completed in December 2008, with units starting at a price of $248,000. In addition , Phase 1 development of Grandview Medical Plaza was completed a couple years earlier in June 2006. The construction of our Phase 2 development, a 51,000 square foot retail/restaurant development, was completed in mid 2007.

©2010 C.G.M. Development, Inc., All Rights Reserved.