In 2025, Shapell Properties proudly commemorates its 70th anniversary, marking seven decades of shaping vibrant communities, enhancing quality of life, and setting standards of excellence in real estate development and management. Founded in 1955 with a clear mission to build a better future, the company has grown from modest beginnings into a respected, forward-looking real estate organization with a strong and enduring presence across California’s commercial, retail, and multi-family sectors.
Over the past seven decades, Shapell Properties has remained steadfast in its purpose—developing spaces that bring people together, support local economies, and stand the test of time. This longevity reflects not only sound business strategy, but also a deeply rooted commitment to integrity, innovation, and long-term responsibility.
“The company’s journey over the past 70 years has been defined by vision, integrity, and an unwavering dedication to creating spaces that foster connection, convenience, and quality of life,” said Bill West, Chief Executive Officer of Shapell Properties. “From our earliest developments to the thriving multi-family and commercial properties we manage today, our mission remains unchanged: to build environments that enrich the communities they serve and endure for generations.”
A Legacy Built on Innovation and Values
Shapell Properties’ success is grounded in a strong set of core values—unity, integrity, genuine value, and enduring responsibility. These principles have guided the company through periods of growth, transformation, and evolving market dynamics. From the outset, Shapell has embraced responsible development practices, combining thoughtful design, strategic planning, and a long-term perspective to deliver projects that balance economic performance with community well-being.
Founded as S&S Construction in 1955 by Nathan Shapell, David Shapell, and Max Webb, the company was established with a vision of creating thoughtful, community-driven developments. This vision quickly gained momentum, leading to expanded opportunities and a growing footprint across California.
In 1969, Shapell Industries became a publicly held company, opening a new chapter of expansion and operational scale. During the 1970s, the company played a significant role in shaping California’s suburban growth, delivering master-planned communities that emphasized livability, accessibility, and cohesive design.
A defining moment in the company’s history came in 1984, when Shapell became the first publicly held real estate company to return to private ownership through a leveraged buyout. This bold and innovative move provided the flexibility needed to focus on long-term value creation and strategic growth—an approach that continues to influence the company’s direction today.
After building more than 75,000 homes, Shapell made another strategic shift in 2014 by selling its homebuilding division to Toll Brothers. This milestone sharpened the company’s focus on commercial, retail, and multi-family real estate, allowing Shapell Properties to concentrate its expertise and resources in these high-growth, high-impact segments.
Shaping Communities Across California
Throughout its history, Shapell Properties has been instrumental in delivering some of California’s most notable real estate developments. The company’s portfolio includes award-winning master-planned communities, modern multi-family residences, and dynamic retail centers that serve as hubs for local activity and economic growth.
Today, Shapell Properties continues to evolve in response to changing market conditions, tenant expectations, and community needs. Each new project reflects a commitment to quality, adaptability, and sustainability—ensuring developments remain relevant and valuable well into the future.
Beyond Buildings: Investing in People and Purpose
While real estate development remains at the core of its business, Shapell Properties recognizes that its greatest achievements are driven by people. The company’s long-standing success is the result of dedicated team members, trusted partners, valued tenants, and community stakeholders who collectively bring its properties to life.
In celebration of its 70th anniversary, Shapell Properties launched the “70 Acts of Kindness” initiative—an employee-driven program designed to give back to the communities the company serves. This initiative encourages team members to participate in acts of generosity and service that create meaningful, local impact.
As part of this effort, Shapell Properties partnered with national nonprofit organization One Warm Coat during the holiday season to host coat drives across several of its properties. These initiatives helped provide warmth and comfort to individuals and families in need, reinforcing the company’s commitment to compassion and community support.
Looking ahead, Shapell Properties plans to continue partnering with organizations that align with its core values, expanding its outreach and strengthening its role as a responsible corporate citizen.
As Shapell Properties celebrates 70 years of achievement, the company remains focused on the future—continuing to innovate, adapt, and invest in developments that deliver lasting value. Guided by a strong foundation of experience and values, Shapell Properties is well positioned to build on its legacy while responding to the evolving needs of communities across California.
With a clear mission and a people-first approach, Shapell Properties enters its next chapter with confidence, purpose, and a continued commitment to making a positive, lasting impact.
Source Link:https://www.businesswire.com/
