Orange County Business Journal

Dream Backyards Shift With Summer Trends’ Breezes

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?”

PHILANTHROPY

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.

May Price-Per-Square-Foot Tops Year-Earlier Figure

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.

PHILANTHROPY

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

Vacation Home Sales Second Highest in Decade-Plus

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

Philanthropy for May 23, 2016

Average Luxury Home Price Per SF Reaches Milestone

$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.

PHILANTHROPY

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.

Newport Coast, Laguna See Big Jumps in $10M+ Sales

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.

Masters of the Yogaverse

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.

PHILANTHROPY

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.

All-Cash Transactions on Rise at High End of Market

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.

PHILANTHROPY

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

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.

PHILANTHROPY

Music and wine proved to be a perfect pairing at the ninth Pacific Coast Wine Festival benefitting Pacific Symphony.

OC Still Coveted as Overseas Buyers Hit Pause Elsewhere

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.

PHILANTHROPY

. Paul Musco, founder of Gemini Industries, was honored at the second annual “Let’s Be Frank About Cancer” gala on Feb. 20.

PHILANTHROPY

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.

New Lane for Vets in Need

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.

Exceptional Oceanfront Property Shatters Sales Record

‘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.

PHILANTHROPY

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.

Chapman’s Artsy Uncle

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.

Convenience, Security Drive Call for ‘Smart’ Homes

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.

PHILANTHROPY

The Anaheim Ducks hosted the 16th annual Dux in Tux presented by Honda on Jan. 18 at the Hilton Anaheim.

Early Sales Show Luxury Market Off to Strong Start

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.

PHILANTHROPY

The Outlets at San Clemente hosted its inaugural Shopping Extravaganza charity fundraiser on Dec. 5, raising $37,465 to benefit 18 local nonprofit groups.

Confidence, Stability to Shape 2016 Luxury Market

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.

PHILANTHROPY

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.

More Luxury Homeowners Create Own Private Spas

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.

PHILANTHROPY

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.

PHILANTHROPY

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.

Coastal Lux Home Sales Average 96% of Listing Price

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.

PHILANTHROPY

Affordable Housing Access Inc. was the main sponsor of the Project Access 10th annual Keys to Success Gala: Start Small, Dream Big.

Feng Shui Principles Key Factors for Chinese Buyers

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.

Honor Flight Gives WWII Vets Wings

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.

PHILANTHROPY

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.

ZIP Codes With Most Active Luxury Home Listings

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.

PHILANTHROPY

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.

‘Pocket’ Listings on Rise in OC’s Luxury Market

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.

PHILANTHROPY

Big Brothers Big Sisters of Orange County held its 51st annual Gourmet Dinner on Sept. 17 at the Balboa Bay Resort in Newport Beach.

Newport Beach Led Way on Luxury’s Summer Sizzle

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.

Achieve Like a Girl

3 High-Profile OC Execs Count Gold Award as Precursor to Bountiful Careers

There was a budding business mind behind the cherubic face selling cookies door-to-door.

PHILANTHROPY

R.D. Olson Construction, based in Irvine, built its first Habitat for Humanity home on Aug. 28.

High-End Homes Here Hedge Against China Turmoil

Real Estate Experts Weigh In On Possible Local Effect

The Chinese stock market collapse began when the Shanghai Stock Exchange lost a third of its value between June 12 and July 27.

Philanthropy

The Orange County School of the Arts in Santa Ana celebrated the grand opening of its 60,000-square-foot dance, music and science center on Aug. 16 with more than 600 Orange County community and business leaders.

Kids Get Gift of Music at Casa Romantica’s Academy

Free Program One of Batch Designed for the Young Set

Ten-year-old Dillon had a dream: to learn to play the guitar. At least that’s what he said in the application video he sent in to be considered for Casa Romantica’s free Music Festival and Academy.

Broken Dream Becomes Grander Reality in South OC

Casa Romantica Facility Is Community Resource

Casa Romantica Cultural Center and Gardens is nestled among the distinctive homes that line the curved streets of San Clemente.

Specialist Shares Projections for Remainder of 2015

Sales Expected Steady As Appreciation Continues

Luxury home sales in Orange County have been strong so far this year.

PHILANTHROPY

Free Wheelchair Mission’s 12th Annual Miracle of Mobility Gala raised over $1.6 million on July 23 to benefit people in need of mobility.

Highest Home Sale of Year Closes Escrow on Coast

27 Homes Over $20M Still Listed for Sale in OC

The highest residential sale in Orange County so far this year closed escrow in Laguna Beach.

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