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Real Estate Industry Orange County

BUSINESS
December 9, 1997 | E. SCOTT RECKARD, TIMES STAFF WRITER
Luxury home builder Toll Brothers Inc. was named lead developer Monday of 840 acres in northeast Orange County where 2,100 homes and a golf course are planned on hills that have been dotted with Shell Oil Co. wells for 70 years. The first 850 homes will go on sale starting in 2000 on property where only a few wells had been located. All those wells have ceased operating, oil officials said. Toll said it will build 270 of those homes, priced from $400,000 to $600,000.
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CALIFORNIA | LOCAL
September 2, 1997 | JULIO V. CANO
Villa Park has traditionally been considered the wealthiest town in Orange County, but a look at real estate indicates Coto de Caza has the county's most expensive homes.
BUSINESS
February 22, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
With fortunes rising from Wall Street investments and dot-com businesses, more people in Orange County bought the biggest homes on their block last year. Sales of million-dollar homes in Orange County grew by more than one-third from 1998, to 867 last year, according to Acxiom/Dataquick Information Systems Inc., a La Jolla real estate research firm. By comparison, the number of all homes sold in Orange County rose by less than 1% in 1999.
BUSINESS
May 31, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Attempting to take advantage of less-restrictive state banking laws, Dana Niguel Bank N.A. wants to trade in its national charter for a state charter, and its only remaining obstacle is obtaining shareholder approval. The bank, which concentrates on making construction loans to home builders, plans to use the state charter mainly to increase the amount it can lend to one borrower by at least 50% and up to 150%, said Charles Goodson, the bank's senior vice president and cashier.
BUSINESS
February 11, 1999 | Daryl Strickland
Rodamco NA, a major property fund based in the Netherlands, has acquired a controlling interest in The Abbey Co., a Garden Grove-based commercial and industrial real estate concern. The Abbey Co. will receive a $125-million infusion in exchange for 65% of the company's outstanding common stock. Founder Donald Abbey, who launched the business nine years ago with $30,000, retains the rest. The firm will retain its 90 employees.
NEWS
April 13, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
The proposal to close the massive Marine Corps Air Station here triggered a wave of speculation among real estate experts Friday that was slowed only by the realization that major problems threaten to complicate any sale. The base is on prime property, centrally located in a rapidly developing county where flat, buildable land is becoming scarce. But closing the base won't simply be a matter of turning around and selling it to a developer.
BUSINESS
August 15, 2000 | BOB HOWARD, SPECIAL TO THE TIMES
Bucking the trend toward consolidation in the commercial real estate services business, four veteran brokers and property managers have formed a Newport Beach-based company called Tiarna Real Estate Services Inc. "We want to be a regional firm," said Thomas McAndrews, president of the company and former president of real estate management services at Charles Dunn Co.
BUSINESS
August 12, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
Orange County's blazing housing market cooled a bit last month, as the median home price slipped to $238,000 from the all-time high of $241,000 in May and June, according to a real estate research firm. The results indicate that rising interest rates nudged more entry-level and moderate home buyers into the market than those with deeper pockets, said John Karevoll, an analyst at La Jolla-based Acxiom/Dataquick Real Estate Systems Inc., which compiled the housing figures.
BUSINESS
June 22, 2001 | DARYL STRICKLAND, TIMES STAFF WRITER
Moving to allay growing complaints from tenants, the Irvine Co. is poised to limit rent hikes for its long-term residents. The step by Orange County's largest landlord would be short of rent control but it comes as apartment dwellers in Irvine and elsewhere are starting to organize in response to skyrocketing rents. In recent weeks, renters in Huntington Beach have picketed outside an apartment complex and others in Costa Mesa have met with church groups about their housing worries.
NEWS
August 3, 1990 | TOM FURLONG, TIMES STAFF WRITER
Southern California's once-booming commercial real estate market, which dramatically altered the region's office skylines in the 1980s, is in the early stages of a bust that may last two years or more, property experts believe. While not as severe as in other regions of the country, the downturn nonetheless could further depress the Southern California economy when it is already reeling from thousands of aerospace industry layoffs. "We're in the throes of a real estate recession . .
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