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C.J. Segerstrom & Sons
HTS Management
THE MONEY: Different branches of the Segerstrom family operate C.J. Segerstrom & Sons and HTS Management, real estate development and management firms that run some of Costa Mesa’s most valuable commercial properties, including famed South Coast Plaza.
THE FAMILY: Stakeholders in the family’s varied business interests, propelled by the late Henry Segerstrom, include his widow, Elizabeth, who along with Sandra “Sandy” Segerstrom Daniels, daughter of Henry’s cousin Harold and his wife, Jeanette, serves as managing partner. Anton, one of Henry’s three children from his first wife, Yvonne de Chavigny Perry, is also a partner in the family business.
REVAMPS: The Segerstroms, who started out as lima bean farmers, developed South Coast Plaza, a 2.8-million-square-foot shopping center that typically posts nearly $2 billion in taxable sales each year. While traffic was down during the pandemic, the center used the time to expand the stores for several of its key luxe retailers, including Louis Vuitton, Tiffany & Co. New food hall, dubbed Collage, coming to Bloomingdale’s wing of center. No word yet on plans for former Sears spot at center.
OTHER INVESTMENTS: In addition to South Coast Plaza, the family-run business owns and operates four office properties on the opposite side of Bristol Street under the Office of South Coast Plaza banner. The Plaza, Center and Park towers are three of the city’s tallest and highest-end office buildings. They total more than 1.3 million square feet and house large law firms, accountant, and other professional services firms. Each building has a different ownership structure and investors, according to sources. The family also owns hundreds of acres near the San Diego (405) Freeway in Costa Mesa and Santa Ana, some of which remains developable and could likely sell for at least $3 million an acre, if the family ever opted to sell.
• NET WORTH: $2.4 billion
• LAST YEAR: $2 billion
• SOURCE OF WEALTH: real estate
