December 2017

Found 8 blog entries for December 2017.

Broadcom Irvine Rendering

It was a year of big moves in the local real estate industry. Over the past 12 months, FivePoint Communities and its main backer, Lennar Homes, announced they’re moving next year from offices in Aliso Viejo to the new Broadcom campus in Irvine.

Broadcom, which sold the campus to FivePoint and signed a 20-year lease agreement, started moving there in November.

Orange-based American Advisors Group, the nation’s leading reverse mortgage lender, decided to move a portion of its operations to a bigger space in the Irvine Towers, having outgrown offices near The Outlets at Orange mall.

And the Orange County Register moved from its longtime corporate headquarters in Santa Ana to a rented office building near Angels Stadium in Anaheim’s Platinum Triangle.

It also

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Pelican Hill

Eight Orange County ZIP codes are among the Top 100 most expensive in the nation based on 2017 home sales, says real estate website Property Shark.

The priciest local ZIP is Newport Coast’s 92657, at No. 12, with a median sale price of $2.95 million.

That ZIP saw the highest single home sale on the Multiple Listing Service in O.C. this year, when an estate located on nearly 12.5 acres with an asking price of $55 million sold for $39,999,999.

The top three spots in the U.S. are ZIP codes in California, New York, and Florida.

Atherton’s 94027 is in the Silicon Valley, Manhattan’s 10013 is lined with TriBeCa’s luxe condos, and 33109 in Miami Beach’s Fisher Island is an exclusive island community.

California captured the highest number of ZIPs in the ranking –

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Economists Expect Strong Year for Orange County
Local economists have stated that job growth in the construction industry in Orange county is fueled by an increase in residential and multifamily permits. Last week, Chapman University released its annual Orange County Economic Forecast and the outlook is very strong for the county and the commercial real estate industry in the coming year.

Construction job growth increased 5.7% in 2016 before falling to 4.8% in 2017. The Chapman economists said the decline in construction job growth last year was due to a drop in the number of residential permits.

Economists expect job growth in the coming year in the construction industry to bounce back to 5.3% as residential and multifamily permit activity increases almost 11% to nearly 12,000 units in the

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Andrea Hebard

Andrea Hebard is a born and raised Southern California girl who has worked with Coastal Real Estate Group for 2 years now. She has had the pleasure to work on some of the best sales teams throughout her career in real estate and brought her expertise to our brokerage!

Not only is she a real estate agent for Coastal Real Estate Group, but she is also an interior designer. Being an interior designer makes her stand out as a real estate agent for many reasons. One of which is the fact that she can fully visualize her client’s tastes and offer a vision of what the house can and will be for their family. By offering this vision to the buyer, she can start crafting a story of the home before they’ve even walked in the front door.

In many cases, after Andrea sells…
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18765 Park Haven Lane
Just sold 18765 Park Haven Lane in Huntington Beach!

Beautiful and spacious 3 bedroom, 3 bath home with large upstairs bonus room & built-in Murphy bed, direct access two car garage, upstairs laundry, with an incredibly, large yard with park views. The property is located in the exclusive gated community of Graystone Keys, with a pool and spa, kids playground and is walking distance to parks, shops, downtown Huntington Beach the sandy shores! And even better...the property has low HOA dues!
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Job Growth
Local shopping centers are busy. Freeway traffic is heavy. Homes sell briskly despite high prices. And landlords continue to raise rents.

So how could Orange County job growth be so anemic, according to employment statistics released monthly by the state?

The answer might just be here: Job growth looks to be more than double what we think it is.

When we read an article on the Orange County Register, written by Jonathan Lansner, we saw that he had federal employment statistics, that were released Tuesday, Dec. 5, into his trusty spreadsheet, finding that Orange County employment is rising at a 2.2 percent annual rate in 2017’s first six months. It’s a sharp contrast to the state’s comparable monthly data that show job growth averaging a post-recession low of a…
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Crab Cooker
The 1930s cherry-red building housing Newport Beach institution The Crab Cooker is slated for demolition, which could leave the restaurant temporarily closed for at least a year.

The seafood restaurant, a fixture in the Newport Peninsula for more than 67 years, suffered slab and foundation damage during the construction of The Vue. The luxury development on Newport Boulevard features 27 bayfront townhomes starting at $2.35 million.

During construction of The Vue “the whole building kinda sunk on one end,” Crab Cooker owner Jim Wasko said.

The restaurant has been deemed safe to occupy by structural engineers. It’s been operating for months with the damage, while Wasko and the city figure out how to best repair the building.

“We tried to lift the building and…
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1775 Roulette Circle
Proud of this one in Thousand Oaks! A little outside of the OC we will go!  This beautifully, open and bright home is located behind the gates of Chanteclaire Estates. The double door entry invites you into the formal living and dining rooms with soaring ceilings, large picture windows and plantation shutters. The kitchen has a butcher block counter island with breakfast nook, walk-in pantry and opens to the family room. One bedroom with slider and bathroom is conveniently located downstairs. The master suite has a sitting area with fireplace, built in bookshelves and window seat, slider to balcony and large walk-in closet. Master bath has double sinks, separate tub and shower. Quiet and serene backyard has pool and spa with panoramic views. Indoor laundry…
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