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Building Industry Orange County

BUSINESS
May 1, 2000
IRVINE * Project: Shell retail building Address: 13120 Jamboree Road Value: $625,000 Owner: The Irvine Co. * Project: Three new apartment buildings Address: 1401 Terra Bella Value: $2.5 million Owner: Centex Homes IRVINE COAST * Project: New single-family dwelling Address: 3 Rim Ridge Value: $726,000 Owner: R.R. Newhouse/Richard Nye NEWPORT BEACH * Project: New Hotel Address: 4881 Birch Street Value: $5.
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BUSINESS
April 13, 2000 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670 and at daryl.strickland@latimes.com
Orange County's larger home builders are grabbing a bigger chunk of the market. The top 10 home builders handled nearly 70% of all Orange County home sales in the first quarter this year, according to MarketPoint Realty Advisors in San Diego. Only two years ago, 49% of the market was controlled by the top 10. The main reason for the growing disparity between the top sellers and the rest is that several major brokerages have merged.
BUSINESS
March 15, 2000 | By DARYL STRICKLAND,
This is what new-home seekers can expect to find this year: a diminishing number of Orange County homes to choose from, a rising number of other bidders for those houses, and a higher selection of single-family homes costing far less in Corona and the Inland Empire. Like other analysts, John Burns of the Meyers Group, an Irvine real estate research firm, expects prices to rise in Orange County, but at a slower pace this year than the record rate last year.
BUSINESS
February 22, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
The Olson Co., a privately held builder of affordable housing, has sold a minority stake to three investors for an undisclosed price. The joint stock purchase was made recently by Allstate Insurance Co. of Illinois, Wells Fargo Bank of Minnesota and the California Public Employees' Retirement System pension fund (CalPers). Bolstered by the cash infusion, the Seal Beach home builder said it will expand its senior housing construction and build homes near transit lines in densely populated areas.
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