Timothy Tamura, founder of real estate brokerage Valia Properties, has died.
The real estate investor, who specialized in luxury home sales in Corona del Mar and Newport Beach, lost his battle with cancer, according to the firm’s Instagram post.
The social media announcement, made last week, said Tamura died “peacefully” in Newport Beach and was surrounded by his family.
Tamura founded Valia Properties, a brokerage that primarily listed luxury homes that were on the market, be it for sale or lease, in Corona del Mar and Newport Beach. Valia Properties’ brokers achieved $4 billion in aggregate sales over the past 10 years, according to the company’s website.
In the post, Tamura was described as “the driving force” behind Valia Properties.
“Tim’s vision, dedication and leadership have been instrumental in shaping the brokerage’s success and reputation,” the post said. “His heartfelt approach to fostering relationships, coupled with his unwavering commitment to excellence, left an indelible mark on the community we are so fortunate to serve.”
The firm said despite “this tremendous loss,” Valia will remain “strong and committed to upholding the values Tim instilled in the brokerage to serve his cherished community of Corona del Mar.”
Orange County’s real estate community remembered Tamura’s contributions to the region and industry.
“Tim was an amazing man and someone I greatly admired in this business. His integrity, commitment to excellence and kindness to his peers was a rare combination. He will definitely be missed,” John Cain, president of Cain Group, told the Business Journal.
Realtor Evan Corkett added: “Tim was a gentleman, a man of vision and style, a man with business acumen and intellect, and a man with great wit and a sense of humor.”
Tamura is survived by his wife, Nancy and sons Alexander and Nicholas. The family, requesting privacy as they grieve, said details of memorial services to celebrate Tamura’s life would be announced soon.
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Chris Light-Designed Strand House Sells for $24.5M
Luxury residences designed by Newport Beach architect Chris Light tend to sell at a premium price, and a nine-bed, 12-bath house in Dana Point’s gated neighborhood The Strand at Headlands is no exception.
Compass agent Arlen Raubach brokered the sale of the 13,777-square-foot house at
9 Oceanfront Lane in Dana Point for $24.5 million, roughly 13% less than the listing price. Raubach said the sale price set a year-to-date record for South Orange County.
The house balances classic and modern elements, a signature approach for a Light-designed house.
Interior design was spearheaded by Hawk & Co. The Laguna Beach-based studio uses sustainable materials in its designs.
“Chris Light is just an icon in architecture. He’s a powerhouse,” Raubach told the Business Journal.
He added that Hawk & Co. has designed retail locations for clients such as Fendi. Raubach added Hawk & Co. owner Summer Jensen was able to translate her interior designs for retail in contemporary looks for high end residential projects.
The work of Light and Jensen are on full display at 9 Oceanfront Lane. The three-floor house that sits on more than a half-acre was built in 2019 and features a dual staircase, bar area, game room, home office, home theater, sauna, maid/guest quarters, infinity pool, fire pit and beach access.
The house also offers views of the Pacific Ocean and Santa Catalina Island. Other amenities include a bocce lawn, grotto and waterfalls.
Coldwell Banker’s Christopher Sirianni represented the undisclosed buyer. Jenni Nakhjavani co-listed the property with Dana Point-based Raubach.
This was the second time 9 Oceanfront Lane changed hands. Raubach said he sold the home for $20 million in 2021.
