Orange County Business Journal

Luxury Buyers Seek Second Homes on OC’s Coast

Drawn Through Vacations, Easy Flight Paths to OC

The demand for second homes is rising all along Orange County’s coast, say some top area real estate specialists, driven principally by luxury buyers seeking an ideal second or even third home that also serves as a solid investment.

PHILANTHROPY

Goodwill of Orange County announced on May 5 the largest single program-specific donation in its 90-year history: a $1 million gift from philanthropists Thomas T. and Elizabeth C. Tierney to support veterans.

Newport Beach Heats Up With April Luxury Transactions

Nine Sales, One Near $7M, Beat Newport Coast Deals

April showers bring … sales—at least in Newport Beach.

Cosmopolitan Calling Card

Segerstrom Center Cultural Keystone, More in Marketplace

Costa Mesa-based Rutan & Tucker LLP was just one of the law firms in several California markets recruiting Bill Meehan 10 years ago.

PHILANTHROPY

More than $1 million—that’s the net amount raised by the annual Court Appointed Special Advocates Celebration of Children Black & White Ball.

Luxury Homes Sales Blossom First 2 Weeks of April

Include Crystal Cove Home, Laguna Beach Landmark

Luxury home sales blossomed in the first two weeks of the month, with 11 above the $4 million mark between March 31 and April 15.

Newport Sets Sail for Ensenada

Annual Race Tests Mettle of Crews, Helps Kids in Baja

Len Bose has been a part of 29 editions of the Newport to Ensenada International Yacht Race, the next of which is set for this weekend.

PHILANTHROPY

The Orange County chapter of JDRF, a global organization that provides funding for Type 1 diabetes research, hosted its annual Dream Gala “Join the Revolution” on March 28 at the Island Hotel in Newport Beach.

Investors, Developers Drawn to Luxury Spec Homes

See Potential for Big Returns in Luxe Approach

Investors and developers are putting their time and resources into building luxury spec homes along the Southern California coast, from The Strand in Dana Point to the Balboa Peninsula and beyond.

PHILANTHROPY

The Illumination Foundation hosted its annual Table for 10 culinary extravaganza on March 15 at Disney’s Grand Californian Hotel & Spa in Anaheim.

Luxury Market Stats Reveal Extremes as Spring Starts

Biggest Home, Ultra-Luxe Properties, Slowest Sale

The springtime home-buying season is under way, and the Business Journal took stock of some interesting market facts that present challenges and opportunities for area luxury property real estate agencies:

PHILANTHROPY

City of Hope’s Inaugural “Let’s Be Frank About Cancer” Gala grossed more than $1.6 million.

February’s Top Sales Come in Newport Beach, Dana Point

Deals for Both Homes Above $11 Million

Two Orange County homes priced north of $11 million sold in February, one in Newport Beach and the other in Dana Point, with the latter fetching the full asking price.

PHILANTHROPY

The American Heart Association’s Orange County Go Red for Women Luncheon recently raised $435,000 to fund programs and research to fight cardiovascular diseases and stroke.

Location, Amenities Part of Luxury Home Pricing Mix

$20M Gets You Varying Degrees of OC Posh

What will $20 million get you in Orange County? There’s a three-bedroom, two-bath, 1,774-square-foot home on a third of an acre in Emerald Bay in Laguna Beach that has a list price of nearly that.

PHILANTHROPY

Top companies in Orange County have pledged their support to OneOC’s Center for Business and Community Partnerships.

Wine Rooms Particularly Popular Luxury Amenity

Trulia Review Shows OC Homes Have Most in US

Italian philosopher, astronomer and mathematician Galileo reportedly once said, “Wine is sunlight, held together by water …” —and it appears those who call Orange County home agree with that idea.

PHILANTHROPY

On Jan. 27, the Laguna Beach Community Foundation announced an agreement to manage a $1.1 million endowment for the Boys & Girls Club of Laguna Beach, the largest such agreement in the foundation’s history.

Flurry of Sales Show Off Luxury Market’s Range

One Had Been Held By Same Owner for 40 Years

A recent flurry of luxury home sales illustrated the range—in terms of style and price—of the high-end market in Orange County.

PHILANTHROPY

Wells Fargo gave $100,000 to the Illumination Foundation to support local workforce development and job creation.

PHILANTHROPY

Goodwill of Orange County held its inaugural gala on Nov. 15 at the Laguna Cliffs Marriott in Dana Point.

2014 Sales End on Satisfying Note, 2015 Starts Strong

17 $4M-and-Up Homes Sell in Month on OC Coast

Seventeen homes in coastal Orange County closed for $4 million or more between Dec. 1 and the week ending Jan. 8, according to public records and the Redfin website.

PHILANTHROPY

More than 700 Pacific Investment Management Co. employee volunteers, friends and family members gathered at the OC Fair & Event Center in Costa Mesa on Dec. 6 to pack 16,000 boxes with a holiday meal for needy families in Southern California.

OC Real Estate Specialists Predict 2015 Lux Trends

Rising Prices, Strong Sales Among Expected Patterns

Orange County’s coastal luxury market posted a solid sales year in 2014.

Coastal Communities Boast Solid $10M+ Sales Year

2014 Appears To Eclipse Luxury Sales Last Year

Orange County’s coastal region is as renowned for its sophisticated yet laid-back vibe as it is for its captivating scenery.

El Sol Neighbor Goes Global for Local Girls

Kylie Schuyler decided to create a mentoring program for girls in grades five through eight in which accomplished college-age women would serve as mentors.

PHILANTHROPY

The 2014 Walk To End Alzheimer’s raised $375,000 toward finding a cure for the disease.

Caritas Turns Mobile Homes Into Upward Mobility

NONPROFITS: Operates 20 parks in region, three in OC

It could be hard to imagine what it must be like to escape one terrible situation, only to be trapped in a nearly identical situation a short time later.

El Sol’s Sunny Mission

Plenty of Business Backers for Santa Ana School’s Focus on Arts, Academics, Dual Immersion

The idea of charter schools was little-known concept in Orange County in 1999, recalls Susan Mas.

Toastmasters Takes on Speakers’ Fears From Historic Home in OC

Nearly three-quarters of the U.S. adult population—74% to be exact—fears the idea of speaking in public, according to a 2013 National Institutes of Health survey.

El Sol Neighbor Goes Global for Local Girls

Kylie Schuyler knew this particular group of girls was different.

How South Coast Repertory Works Neighborhoods

NONPROFITS: Program adapts to schools’ needs

She was about 10 years old, a painfully shy girl with huge brown eyes and a mop of shiny brown hair. She had a nice smile—when it could be coaxed to appear.

November Shapes Up to Match October Luxury Sales

Eight $4M-Plus Homes Sold in First Half of Month

In October, Orange County boasted 19 home sales that topped the $4 million mark, with the highest closed transaction fetching $10 million for the 4,000-square-foot oceanfront villa at 11 La Senda Place in Lower Three Arch Bay in Laguna Beach.

PHILANTHROPY

More than 450 Southern California business and community leaders helped raise over $900,000 to benefit Big Brothers Big Sisters of Orange County’s professionally supported one-on-one mentoring relationships with at-risk youth.

Some Real Estate Experts Say 2014 Brings Normalcy

Post-Downturn Burst Has Cooled to Stable Market

Consumers, after watching the crash of the housing market in 2008, are wary of another “bubble.”

Therapy Vets Can Embrace

Laguna Hills Nonprofit Taps Business on Mission to Heal

U.S. Marine Sgt. Chris Merkle was one of 20 infantrymen crowded into the back of an unarmored 7-ton truck as it sped along an unmarked dirt road one moonless night headed toward Baghdad.

PHILANTHROPY

Global Genes-Allies in Rare Disease raised more than $500,000 at its third annual Tribute to Champions of Hope gala on Sept. 13. The event was held at the Hyatt Regency Huntington Beach.

Billionaires Increasingly Invest in Ultra-Luxury Homes

Diversify Portfolios, Look For Location, Often in OC

Orange County’s coastal region, which stretches from the tip of Seal Beach at its northern edge to the end of San Clemente to the south, includes the most significant communities in the local luxury market.

PHILANTHROPY

The Boys & Girls Club of Santa Ana held a grand opening and ribbon cutting on Sept. 11 for its Garage Teen Center and the renovation of the newly named Joe MacPherson Center for Opportunity.

Historic Laguna Home Once Hosted Hollywood Elite

Agent Says Fewer Modern Features Offset by Assets

The historic mansion perched high above a private cove in Laguna Beach at 2592 Coast Highway is reminiscent of an old-time movie setting with its dramatic location overlooking the ocean.

Irvine Cove, Emerald Bay Warm Up Coastal Market

Slow Streak Over as 2 Sales Top $10 Million

The communities of Emerald Bay and Irvine Cove in Laguna Beach capture the character and charm of the California Riviera and command some of the highest sale prices for homes in Orange County.

PHILANTHROPY

The Orange County chapter of the Alzheimer’s Association partnered with business and philanthropic leaders throughout OC to create the Go Purple OC campaign, a weeklong event that literally turned well-known OC landmarks purple from Sept. 15 through 21.

Laguna Boasts Biggest Home Price Tag So Far in 2014

Overall Luxury Sales Still Off 5% From Last Year

Almost 200 $4 million-plus homes sold in Orange County from Jan. 1 through Sept. 1, about a 5% drop overall from the same period last year, according to real estate market aggregator DataQuick.

PHILANTHROPY

The Cystinosis Research Foundation awarded more than $1.5 million to eight research programs in California, Texas, Belgium, New Zealand, India, Switzerland, Italy and France to enable scientists to investigate improved treatments and a cure for cystinosis, a rare metabolic genetic disease that affects about 500 children and young adults in the United States and 2,000 worldwide.

Online Data Analysis Helps Guide OC Luxury Buyers

Trends, Neighborhood Facts Help Agents Sell

Orange County luxury-home clients are increasingly turning toward online sources to determine the latest in market data to help them make informed decisions about their investments in one-of-a-kind homes, according to Rick Brotherton, vice president of marketing at First Team Real Estate-Christie’s International.

How Thompsons Took Up Cause

Daughter’s Accounts of Autism Led Pimco Vet, Wife on Journey

What happens when an executive who spent a career trying to stay ahead of where markets might move hears a story that leads him on a different journey?

Freeman’s Long Road to Philanthropy Day Observance

Reagan Proclamation Came After Years of Efforts

On Nov. 14, 1986, President Ronald Reagan took the podium in a room crowded with reporters, photographers, and camera operators, ready to make a proclamation about an event five years in the making.

Next Generation of Philanthropists Changes Giving

Savvy, Tech-Smart Gen Y Maps Out Its Own Way

Look who grew up. Generation Y, born roughly between 1980 and 2000 and also known as the Millennials, is leaving its mark on everything it comes into contact with, and that includes philanthropy.

PHILANTHROPY

David Wilson’s Wilson Automotive Group donated a Toyota Prius c to Orangewood Children’s Foundation to celebrate the sale of its 500th car.

Segerstrom Center’s Street Smarts

Education Programs Aim for Neighborhoods

Luis Castillo experienced something entirely new when he was touched by the Summer at the Center program back in 1994.

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