M.D.C. Holdings announces Richmond American Homes enters Oregon Market
M.D.C. Holdings announced that its subsidiary, Richmond American Homes of Oregon, will commence operations in the greater Portland area. Jim Riela, currently serving as VP of construction for Richmond American Homes of Colorado, has been promoted to serve as president of Richmond American Homes of Oregon. "We first entered the Pacific Northwest through the acquisition of a Seattle homebuilder in 2011. The Portland Metropolitan area was a logical next step, especially given the economic strength we have observed in the local market," said MDC's president and COO, David Mandarich. "We are excited to introduce homebuyers in the area to our unique floor plans and personalized approach to homebuilding."