Author: Sonia Chung

After frequently placing in the top 5 among the country’s best-selling master planned communities for the better part of a decade, the Irvine Company saw a steep decline in new home sales on its land the past few years. In John Burns Real Estate Consulting’s January listing of 2024’s top-selling Read More

A large estate in Newport Coast with a Pelican Crest address changed hands for $42 million, making it the most expensive residential transaction of the year, to date, in Orange County. The sale of 1 Pelican Crest Drive in Newport Coast is also the fourth most expensive residential deal ever Read More

Editor’s Note: Dick Metz is well known in the surfing industry as the former owner of Hobie Sports shops and Surfline Hawaii and for helping reveal the legendary surf spots Cape St. Francis and Jeffreys Bay in South Africa. He was the subject of the documentary “Birth of the Endless Read More

Editor’s Note: Dick Metz is well known in the surfing industry as the former owner of Hobie Sports shops and Surfline Hawaii and for helping reveal the legendary surf spots Cape St. Francis and Jeffreys Bay in South Africa. He was the subject of the documentary “Birth of the Endless Read More

Transforming Lives through Music  The Drake Restaurant in Laguna Beach, owned by Alec Glasser, hosted the annual The Drake Gives funding event on April 10. The sold-out event raised $125,000 to provide musical instruments for students in under-resourced schools. Event sponsors included the UCI Foundation, 27 Diamonds Interior Design and Read More

Through a joint venture, Real Estate Development Associates LLC (REDA) and Archer Property Partners have acquired a 78,000-square-foot office building in Newport Beach. The two companies revealed plans last month to convert a three-floor structure at 3300 Irvine Ave. into a medical outpatient building, or MOB. The announcement of the Read More

Irvine Company’s latest big local investment is taking place in Tustin, where it is buying a large chunk of land at a bargain price, compared to other area properties just over the city line. The developer recently reached a deal with the City of Tustin to buy a 19.4-acre land Read More

Guacamole lovers would likely think a long-running trade fight between the U.S. and Mexico could have a substantial impact on Chipotle Mexican Grill (NYSE: CMG) due to the Newport Beach restaurant chain’s reliance on avocados. About 90% of U.S. avocado imports come from Mexico. Think again. OC’s most valuable public Read More