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.
The Illumination Foundation hosted its annual Table for 10 culinary extravaganza on March 15 at Disney’s Grand Californian Hotel & Spa in Anaheim.
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:
City of Hope’s Inaugural “Let’s Be Frank About Cancer” Gala grossed more than $1.6 million.
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.
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.
$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.
Top companies in Orange County have pledged their support to OneOC’s Center for Business and Community Partnerships.
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.
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.
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.
Wells Fargo gave $100,000 to the Illumination Foundation to support local workforce development and job creation.
Goodwill of Orange County held its inaugural gala on Nov. 15 at the Laguna Cliffs Marriott in Dana Point.
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.
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.
Rising Prices, Strong Sales Among Expected Patterns
Orange County’s coastal luxury market posted a solid sales year in 2014.
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.
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.
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.
The 2014 Walk To End Alzheimer’s raised $375,000 toward finding a cure for the disease.
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.
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.
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.
Kylie Schuyler knew this particular group of girls was different.
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.
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.
Post-Downturn Burst Has Cooled to Stable Market
Consumers, after watching the crash of the housing market in 2008, are wary of another “bubble.”
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.
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.
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.
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?
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.
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.
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.
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.
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?
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.