1956

In 1956, Raleigh completed its first luxury residential development, a home in Beverly Hills at 1309 Davies Drive for Woolworth heir, Lance Reventlow. Profiled in the January 1958 Architectural Digest, the success of this luxury home project inspired the company to develop eight new luxury homes in the hills above the Sunset Strip on Weatherly Drive. These early days in the company’s history also included land development, including the purchase and resale of a former airport property in East San Jose.

With its growing success as a developer and builder of for-sale residential projects, Raleigh began pursuing commercial investment properties at the end of the 1950’s. These early commercial projects throughout Southern California included: an apartment building in Belmont, California, and construction of the first of two office buildings on Third Street at Martel Avenue.