Tag Archives: Irvine Spectrum

Orange County Spring Report

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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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Rockin’ Out in the OC

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  • The City of Irvine approved 5,000 homes at FivePoint Communities’ Great Park Neighborhoods (See OC Register graphic :: http://www.ocregister.com/articles/park-316992-fivepoint-great.html?graphics)
  • A buyer was selected for Pacific City in Huntington Beach; the note sale is rumored to have transacted at north of $55M
  • It’s the end of a water park era: Wild Rivers shuts down this coming Sunday, September 25th to make way for yet another Irvine Company apartment project called Los Olivos, which will bring 1,750 additional units to the Irvine Spectrum area.  Not to worry, though, the Verizon Amphitheater will still be rockin’ until 2017.  http://www.ocregister.com/articles/irvine-318601-noise-units.html

 Source: Allison Rawlins, Marketing Consultant, (949) 852-8288 x26