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.
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.
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.
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.
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.
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.
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.
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.
David Wilson’s Wilson Automotive Group donated a Toyota Prius c to Orangewood Children’s Foundation to celebrate the sale of its 500th car.
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.
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.
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.
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?
Most Potential Buyers Live Within 75 Miles of Coast
The waterfront home on North El Camino Real in San Clemente boasts all the accoutrements buyers expect from a house with a million-dollar-plus price tag: It has direct access to the beach, hardwood floors, exquisite tile work in the kitchen, high-end stainless appliances, a luxurious spa-like master bath, and floor-to-ceiling windows in the living room that frame the blue of the ocean just steps from the brand-new brick deck.
The Pimco Foundation, Pacific Investment Management Co.’s charitable arm, held its sixth annual Global Week of Volunteering from July 20 to 25.
International Buyers Seek Private-Communal Combo
Overseas buyers are driving the latest luxury homebuilding trend: multigenerational living.
Tech Firm Zumasys Uses Trust to Tap Workers’ Best
Nine years ago, someone special walked into Zumasys Inc.’s Irvine headquarters for a job interview for a warehouse position.
Always do the right thing. Ask yourself these five questions: Is it right for the client? Is it right for the company? Is it ethical? Is it something you are willing to be held accountable for? Is it the right thing to do?
Hughes Marino Involves, Builds Up Employees
When Shay Hughes, chief operating officer of commercial real estate company Hughes Marino, started to plan the business’ quarterly retreat three years ago, she wanted it to be memorable, not only for its stunning location—Pelican Hills Golf Club—but also for what people would take away from the event.
Prospect Perks Range From Cocktails to Tennis
There are distinctive techniques for marketing a luxury home that go beyond listing the house on the Multiple Listing Service and hosting an open house.
Nearly 300 guests donned their best party clothes during a night of Las Vegas-style poker at the Muscular Dystrophy Association’s 19th Annual Gift of Hope Gala on May 31.
Marble Baths, Wine Rooms Coveted; Others Less So
Marketing a luxury home in coastal Orange County is a science.
Pacific Investment Management Co. founder Bill Gross, and his wife, Sue, president of the Gross Family Foundation, donated $1.5 million in May to the Charles R. Drew University of Medicine and Science’s nursing school in Los Angeles.
Average Price Per Square Foot Up 25%
The luxury market is a unique animal that responds to its own set of economic parameters.
Golden State Foods Foundation Does It One Bike at a Time
Some children start to take their bicycles for granted as soon as the newness wears off.
Want Waterfronts, Luxury For Primary Residences
A new report on the home-purchasing behaviors of high-net-worth buyers in the U.S., U.K., Brazil and China reveals interesting insights into their needs and desires.
United Cerebral Palsy of Orange County generated an estimated $437,000 in net proceeds at the annual Life Without Limits gala on May 9 at the Island Hotel in Newport Beach.
Sustainability, Energy Efficiency Now in Demand
Soaring ceilings, marble floors and large windows that frame stunning views are hallmarks of luxury homes.
Community and business leaders attending the UC Irvine Health gala, “Healers & Heroes,” proved to be the evening’s heroes, donating more than $530,000 in only 15 minutes for an intraoperative radiation therapy device with the potential to reduce breast cancer treatment and recovery times for many patients.
But Prices Rose in Many OC Coastal Areas
The Orange County luxury market is its own unique entity.
Court Appointed Special Advocates of Orange County, a nonprofit organization that trains and supervises community volunteers to mentor and advocate for children in the foster care system, honored its leading supporters and volunteers at the annual Celebration of Children Black & White Ball at the Island Hotel on April 25.
Styles From Nantucket to Modern Living by the Beach
The classic midcentury, single-level home at 2480 Monaco Drive in Laguna Beach, nestled among some of the most valuable real estate in Orange County, offers ocean, whitewater and Catalina Island views.
More than 300 business and community leaders attended the 15th annual Orange County Council, Boy Scouts of America Men of Character Dinner on April 9 at the Irvine Marriott.
Film Festival in 15th Year; Fuels Economic Activity
The Newport Beach Film Festival kicks off April 24. The event, which is in its 15th year, has attracted film aficionados with its multigenre slate of studio and independent films from emerging and seasoned filmmakers from around the world.
Behind Only SF, Fairfield Co., Conn., San Jose
Almost one out of every four Orange County homesellers is seeking $1 million or more for their properties, according to the quarterly Orange County Real Estate Market Update compiled by Newport Beach-based Surterre Properties Inc. and released March 25.
The Juvenile Diabetes Research Foundation hosted its annual JDRF Dream Gala, “Let’s Misbehave!”, on March 29 at the St. Regis Monarch Beach Resort in Dana Point. More than 500 of Orange County’s leading business executives, philanthropists and donors raised more than $1 million net for diabetes research.
Company Leaders Use Skills on Marathon Route
Cary Hyden, chairman of law firm Latham & Watkins LLP’s corporate department, had been working around the clock for 18 days on an initial public offering when he paused to travel to the New Orleans Rock ‘n’ Roll Marathon.
Sample Ranges From 94% to 98% of Asking
Sellers of luxury homes have been pricing them closer to new market levels since the pace of sales slowed late last year after rapid acceleration in the first half of 2013
Retirement Benefits Group, for the 15th consecutive year, sponsored the PGA Tour stop at the 20th Annual Toshiba Golf Classic, led by principals Michael Castner and Gary Josephs.
Sales Pace Has Slowed, Appreciation Now 5-6%
Surterre Properties Inc. cofounder and President Gary Legrand, entrenched in the luxury real estate market for more than 25 years, has seen it all, from the housing recession of the 1990s to the go-go housing boom of the early to mid-2000s, to the shocking drop in home prices during the Great Recession, to the rapid uptick in housing sales—and prices—during the last year.
“Mentorship is one of the single most important gifts you can give to youth, especially those facing adversity,” says Melissa Beck, chief executive of Big Brothers Big Sisters of Orange County.
Nets $5.6M, Most Per Square Foot Since 2010
A home at 31831 Paseo Cielo sold on Feb. 20 for $5.6 million, the highest price per square foot in San Juan Capistrano and the nearby city of Laguna Niguel and community Coto de Caza since 2010.
Garth Hogan, Newmark Grubb Knight Frank’s executive managing director of Global Healthcare Services;
Christie’s Partners With First Team Estates
Local luxury real estate firms hold strong to their view that coastal and luxury real estate are among the best investments available. International firms agree.
Philanthropy Column by Kim Haman
Has Theater, Wine Cellar, Professional Landscaping
The French-inspired estate at 1 Premier Point in Newport Coast has professionally designed gardens that lead to the front entry, where visitors enter a marble-floored foyer with soaring ceilings and marble columns.
PHILANTHROPY Column by Kim Haman
Pace Brisk, Though Many Go for Less Than Listings
The 10,652-square-foot lot at 11 Strand Beach Drive in Dana Point sold for $11.9 million on Dec. 13, a $2.4 million drop from its asking price a week earlier.
Philanthropy Column by Kim Haman
Philanthropy Column by Kim Haman
But May Not Return to High for Several Years
There’s little doubt among real estate professionals and casual observers that the 2013 luxury home market provided sellers with continued relief from the lean years of the Great Recession.