February 22, 2000 |
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.
May 31, 1990 |
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.
February 11, 1999 |
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.
April 13, 1991 |
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.
August 15, 2000 |
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.
August 12, 1999 |
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.
June 22, 2001 |
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.
August 3, 1990 |
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 . .
August 23, 1995 |
Century 21 Real Estate Corp., the brokerage giant founded by two Orange County realtors 24 years ago, will move its headquarters to New Jersey as part of a massive restructuring, the company's new owners said Tuesday. The loss of such a prestigious firm with a national presence--while having minimal job impact with fewer than 200 workers affected--will further weaken the image of Orange County and is a setback to Southern California's efforts to retain businesses, analysts said. "It's a shame.
CALIFORNIA | LOCAL
October 27, 1999 |
In one of the largest home purchases in Orange County this year, DiTech Funding Corp. founder J. Paul Reddam bought an oceanfront property in an exclusive Laguna Beach neighborhood for $7 million. Reddam, who also is the TV pitchman for the Costa Mesa-based mortgage company, bought the home completely furnished. He paid an additional $1 million to $1.