Clients’ Peace of Mind On Money Unites Employees
Economists and financiers traditionally measure success by examining an organization’s income statement, balance sheets and cash flow statement.
Staff’s Interdependence Keeps Passco Healthy
Kendall Parisi, corporate designer at Passco Companies LLC, looked over the numerous stacks of marketing supplies, brochures, and trade show materials spread across the conference room table.
Third Agent’s the Charm To Move Modern Mansion
The custom contemporary mansion at 331 Monarch Bay Drive in Dana Point sold on June 27 for $8.3 million, under its January $9 million list price.
Swinerton Staff Chip In Like Any Good Site Crew
They’ve been to conferences in Vegas, although they have yet to claim spots at the Black Jack table. They’ve been to Germany during Oktoberfest but abstained from indulging in that country’s most famous beverage. They’ve sat in on some of Swinerton Builders’ most important meetings, a noticeable, if silent, presence. The pair stands stoically, one man holding a set of building plans, the other his arm outstretched, pointing off into the distance.
More than 800 leaders of the Orange County legal community celebrated the Public Law Center’s 35 years of helping the county’s poorest and most vulnerable residents at Hotel Irvine on June 20.
32 Deals Top $4M In June; 2 Exceed $10M
Thirty-two home transactions above $4 million closed in June, including two that captured sales prices above $10 million.
Other items of interest Orange County Business Journal Vol. 39, No. 28
University of California-Irvine and the other schools in the UC system increased the number of California-based students they offered admission for the year starting in the fall.
Goodwill of Orange County opened its Thomas T. and Elizabeth C. Tierney Center for Veteran Services building in Tustin, an all-in-one resource for military veterans living in Orange County and their families.
Where Communication, Collaboration, Success Intersect
Michelle Jordan ventured across the Atlantic Ocean decades ago in pursuit of her personal version of the American dream.
Popular Features Include Water Walls, Sunken Patios
Orange County’s flawless summer days invite relaxation, and some of its luxury backyards boast features on par with five-star resorts, begging the question: “Why would anyone need to leave home to go on vacation?”
Microsemi Corp. partnered with Discovery Cube for the company’s Corporate Cube Challenge on May 19, a first-of-its-kind fundraiser that took in $250,000.
Jumps 9%, With Balboa Peninsula Average Tops
Orange County’s luxury home market saw 25 transactions close between $4 million and $12 million last month, when the median price for a home along the coast was just under $6 million.
The arts and the art of leadership took center stage May 12 in the Samueli Theater at Segerstrom Center for the Arts in Costa Mesa at the fourth annual “The Mayor’s Celebration
16% of Luxury Sales Last Year, All-Cash Sales Up
Orange County, with its 42 miles of beaches, average year-round temperature of 70, and ready access to a wide range of recreational activities, is a perennial vacation destination. The California Travel and Tourism Commission says 47.4 million people visited here last year, up 2.6% over 2014. International travelers are the fastest-growing segment of visitors, reaching 13.8 million last year, according to the commission.
Philanthropy for May 23, 2016
$1K-Plus; Highwater Marks in Laguna, CDM
The luxury homes market—defined by real estate experts as the most expensive 5% of homes sold in a given quarter—has reached a new milestone in Orange County this year.
Applied Medical, Lugano Diamonds, PIMCO Foundation and Balenciaga were among the major sponsors of Court Appointed Special Advocates’ annual Celebration of Children: Black & White Ball on April 16 at The Ritz-Carlton, Laguna Niguel in Dana Point.
Make US Listing of Elite Cities, Including Aspen
The Luxury Market Report released April 7 by Coldwell Banker Previews International found that Newport Coast and Laguna Beach experienced big increases last year in sales in the $10 million-plus category.
Executives Leverage Popular Practice to Help Them Manage Business, Personal Lives
Joe Duran, six months after discovering yoga, saw that the mindfulness and self-awareness he’d gained as a student of the practice had another benefit. That’s when it helped him maintain control during a confrontation with a colleague that could’ve gotten negative.
United Cerebral Palsy of Orange County’s annual black tie gala, Life Without Limits, was held April 2 at the Balboa Bay Resort in Newport Beach.
Foreign, Local Buyers Seek Out Safe Investments
All-cash sales for luxury properties are on the rise, according to Irvine-based CoreLogic, which provides financial, property and consumer analytics, and tracks current trends.
The JDRF Orange County Chapter’s 20th anniversary Platinum Dream Gala brought together 500 business leaders, sponsors and organization supporters to help raise more than $1.1 million for diabetes research.
Early 2016 Sales Show High-End Home Market Surge
ifty-five homes closed above the $4 million mark in the first quarter, with a week still to go at press time, bringing a total of $371.2 million.
Music and wine proved to be a perfect pairing at the ninth Pacific Coast Wine Festival benefitting Pacific Symphony.
Expert Says Chinese Pullback Not Seen Here
Foreign investment in U.S. real estate is hitting the pause button, according to a report by the National Association of Realtors, and the pullback is most evident among Chinese buyers affected by China’s slowing economic growth, currency devaluation and tightened restrictions on capital outflows. Other reasons the report cites include a stronger U.S. dollar and rising home prices.
. Paul Musco, founder of Gemini Industries, was honored at the second annual “Let’s Be Frank About Cancer” gala on Feb. 20.
The Orange County Funders Roundtable’s 2016 Summit on Feb. 4 and 5 at Disney’s Paradise Pier Hotel in Anaheim brought together 280 local philanthropic and business leaders for two days of learning and brainstorming about how to address emerging community needs.
Shipping Containers Become 15-Unit Complex in Midway City
Potter’s Lane has all the hallmarks of an upscale condominium community: contemporary architecture, a carefully crafted exterior blend of wood and steel, large light-admitting windows, a rooftop deck, and a Zen-like courtyard garden.
‘Twin Points’ Sold By Agent With No. 3 Sale
Twin Points, a 2.28-acre oceanfront property at 1101 Marine Drive in Laguna Beach, recently set a record $45 million Orange County home sale price, though off its original June list price of $75 million.
The Pacific Life Foundation announced on Jan. 22 that it will provide $6.25 million in funding this year, an increase from the $6 million it gave in 2015.
How, Why School Became Home for Couple’s $7 Million Art Collection
Family matters at Chapman University, although that won’t be obvious to visitors to the opening of the school’s Hilbert Museum of California Art later this month.
Buyers Now Want Practical Innovation in Retrofits
A recent survey by Coldwell Banker reveals that the growth curve of connected-home devices, such as smart thermostats, door locks, smoke detectors and light switches, is on track to beat that of smartphones and tablets over the next five years, expanding from 20.7 million units in 2014 to 35.9 million units by 2017.
The Anaheim Ducks hosted the 16th annual Dux in Tux presented by Honda on Jan. 18 at the Hilton Anaheim.
Five Move in First Ten Days, Four on Coast
Five Orange County luxury homes sold during the first 10 days of the year, and four of those are ocean-view homes in OC’s priciest communities. The other is an expansive estate on an acre-plus spread in Coto de Caza that once graced the cover of Unique Homes magazine.
The Outlets at San Clemente hosted its inaugural Shopping Extravaganza charity fundraiser on Dec. 5, raising $37,465 to benefit 18 local nonprofit groups.
3 Local Experts Say Year Will Bring Healthy Norm
Orange County’s coastal cities, with their deep beaches and panoramic Pacific views, have long enticed luxury homebuyers.
Seven hundred Pacific Investment Management Co. employee volunteers, friends and family members gathered at the OC Fair & Event Center in Costa Mesa on Dec. 12 to pack 16,000 holiday meals for Southern California families in need.
Stereos, Steam, and Smart Big As 2016 Approaches
"Today’s master baths are becoming places to linger,” says award-winning interior designer Lisa Dunlevie of Dunlevie Interiors in San Juan Capistrano.
Los Angeles-based radio station KFI 640AM partnered with Anaheim White House restaurant owner Bruno Serato for the fifth consecutive year in a daylong radiothon to collect pasta, sauce and cash to help Serato’s charity, Caterina’s Club.
Newport Beach-based cosmetics company Urban Decay donated $50,000 to Laura’s House to help fund the nonprofit group’s community programs, emergency shelter, and legal advocacy services for domestic violence survivors in Orange County and elsewhere.
Some Areas Even Higher— Cameo Shores at 98%
One thing appears to remain consistent in Orange County’s dynamic luxury market: Buyers are willing to pay top dollar for the expansive homes and unique estates prevalent in the communities along the coast.
Affordable Housing Access Inc. was the main sponsor of the Project Access 10th annual Keys to Success Gala: Start Small, Dream Big.
Younger Generation Proves More Flexible on Philosophy
An August study by the Asian Real Estate Association of America reveals that 86% of native-born Chinese and Chinese-American homebuyers say the ancient philosophy of feng shui will be a factor in the purchase of their next home.
Breitling, Other Business Backers, Help Fund Trips to Memorial in DC
A crowd of about 350 friends, relatives, and supporters holding signs and waving miniature American flags waited in anticipation as the plane taxied to the gate at LAX. A banner bearing the words, “Welcome Home, Heroes!” claimed center stage.
Harvesters, which was founded in 1992 to raise awareness and funds for Second Harvest Food Bank of Orange County, hosted its 23rd annual Harvesters Fashion Show & Luncheon Runway Fundraiser on Oct. 7.
Laguna Beach Leads Pack With 63 Homes
Laguna Beach ZIP code 92651 was tops in the number of active $4 million-plus real estate listings in Orange County as of Oct. 15, with 63 listings, according to data from Web-based real estate database aggregators Redfin and Zillow.
More than 4,000 friends and supporters of California State University-Fullerton gathered on campus for the school’s annual Concert Under the Stars on Sept. 19.
Non-MLS Sales Thrive in Hot Market, Afford Privacy
Real estate experts say “pocket listings”—private, off-market listings that don’t appear on the local Multiple Listing Service—are surging in the luxury market.
Big Brothers Big Sisters of Orange County held its 51st annual Gourmet Dinner on Sept. 17 at the Balboa Bay Resort in Newport Beach.
50 Homes Sold; Priciest Goes For $17.5M
Summer sizzled in the Orange County luxury market, with 50 transactions above $4 million closing between June 15 and Sept. 15.
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