Orange County Spring Report

CLOSED DEAL IN OC!  Mike Hunter, Winn Galloway and Allison Rawlins represented the buyer and the seller in the sale of 3 model homes & 88 partially-improved detached condominium lots at a former John Laing community in La Habra called “Brio.”  TRI Pointe Homes, LLC purchased the Brio property from a lender.  The City of La Habra issued this Press Release regarding the sale.

The County of Orange is soliciting qualified bids for a 100-acre site located in Irvine near the Great Park.  Developers would likely lease the site from the County and look to entitle for a variety of uses, including apartment, hotel, retail and office – Wild Rivers is rumored to be moving from the Irvine Spectrum area to this new location along the 5 Freeway :: http://www.ocbj.com/news/2012/mar/31/county-seeks-developers-100-open-acres-irvine/

The New Home Company will be debuting its new Lambert Ranch neighborhood, also located in the City of Irvine, which boasts spectacular views, no Mello Roos, a variety of parks and a ranch house recreational center, all within a gated community.  The grand opening of the 9 model homes is scheduled for Saturday, April 28th.

In multi-family news, the recent Casden Forecast projected that rents in Orange County will rise 5% by 2013 :: http://finance.yahoo.com/news/usc-casden-multifamily-forecast-rents-170000542.html

Source: Allison Rawlins, Marketing Consultant, (949) 852-8288 ext. 26

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