James L. Previti

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Scout Support: Frontier Homes

Frontier Homes' founder and CEO James L. Previti has something in common with the likes of both President George W. Bush and Gen. Colin Powell. He recently joined their ranks when the California's Inland Empire Council of the Boy Scouts of America honored Previti with the Distinguished Citizen of the Year award for 2006. More

James Previti
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James Previti

Profile of James Previti, owner/CEO of Frontier Homes. More

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Builder ABCs

For Jim Previti's Empire Cos., based in Irvine, Calif., there's nothing more unsightly in a master planned community than a withered sign that reads, "Future School." While up-front development costs are greater, the company pays nothing out of pocket because the cost is rolled over to the sale of the homes, says Louis Desmond, the builder's director of communications. More

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Previti's Empire: Goodbye Forecast, Hello High-end

Jim Previti wondered for a while how he would keep busy after selling Forecast Homes. "Having $240 million will give you a lot of confidence," says Previti, CEO and chairman of Empire Capital, his new company, located in Ontario, Calif.Previti signed a non-compete agreement with Forecast not to build homes in the $300,000-and-below price range in California, but that won't affect Empire's game plan to build high-end. The homes in the master planned community are priced at about $600,000 and will complement other upscale projects he has planned for the Inland Empire, including a six-story office building topped with penthouses and a $2.5 million jet terminal.Empire Capital also houses Previti's new land banking business, which will provide low-cost capital for land. More

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