6 Real Estate Trends to be Thankful For

November 25th, 2010

OCREGISTER.COM

On this day to give thanks, we offer you some local input on the question: “What’s a trend to be thankful for in real estate?”

“This will most likely go against what real estate professional want to have out there but I am thankful that the real estate market is going back to what I consider normal — with buyers needing to qualify in a reasonable manner and sellers thinking of their property as a home rather than a nonstop ATM with little regard for incurring debt. At this time I am thankful that more and those that chose real estate as a get rich quick scheme are being weeded out of the business.” — Valerie Torelli of Torelli Realty

“The real estate trend that I am thankful for is the fact that lenders are approving short sales. I think everybody can agree, including the lenders, that they are still falling way below the bar in terms of making a decision in a reasonable amount of time. There is tremendous room for improvement. Yet, I am thankful that they are at least completing some. They are allowing upside down homeowners in dire straits to move on. In turn, they obtain a home typically in better condition and save a lot of money compared to the alternative, foreclosure.” — Steve Thomas of Altera Real Estate Read More >

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6 Real Estate Trends to be Thankful For

November 25th, 2010

BY JOHN LANSER, ORANGE COUNTY REGISTER

On this day to give thanks, we offer you some local input on the question: “What’s a trend to be thankful for in real estate?”

“This will most likely go against what real estate professional want to have out there but I am thankful that the real estate market is going back to what I consider normal — with buyers needing to qualify in a reasonable manner and sellers thinking of their property as a home rather than a nonstop ATM with little regard for incurring debt. At this time I am thankful that more and those that chose real estate as a get rich quick scheme are being weeded out of the business.” — Valerie Torelli of Torelli Realty

“The real estate trend that I am thankful for is the fact that lenders are approving short sales. I think everybody can agree, including the lenders, that they are still falling way below the bar in terms of making a decision in a reasonable amount of time. There is tremendous room for improvement. Yet, I am thankful that they are at least completing some. They are allowing upside down homeowners in dire straits to move on. In turn, they obtain a home typically in better condition and save a lot of money compared to the alternative, foreclosure.” — Steve Thomas of Altera Real Estate

“I’m thankful for the trend towards sustainable, more environmentally friendly home development. Change is never easy but new technologies are continuously making “going green” more effective, accessible and affordable.” — Dave Barisic of Brandywine Homes Read More >

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Brandywine Homes Receives Orange County Business Journal Award for Small Family Business

November 19th, 2010

Brandywine Homes Receives Orange County Business Journal Award for Small Family Business

IRVINE, Calif. – Nov. 19, 2010 – Brandywine Homes, one of Southern California’s most successful infill developers and homebuilders, has received an award for excellence as a small family-run business from the Orange County Business Journal.

The award was announced Nov. 18th as part of the 11th annual Family Owned Business awards luncheon put on by the Business Journal and California State University, Fullerton’s Family Business Council at the Hyatt Regency Irvine.

“Being recognized for our family business with this award has special meaning for us,” said Brandywine Chairman Jim Barisic. “Working together as a team, we have strived to help older communities in coastal Southern California re-build their foundations and revitalize neighborhoods close to jobs. We’ve been at it through good times and not-so-good times for more than 20 years now.” Read More >

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Having No Choice Led to Good Choices at Brandywine Homes

November 18th, 2010

ORANGE COUNTY BUSINESS JOURNAL

When Jim Barisic started Brandywine Homes in 1994, hiring family members—or any employees—wasn’t really an issue. “I couldn’t afford anyone,” said Barisic, whose Irvine-based company focuses on building homes in largely developed urban areas in Orange, Los Angeles, and San Diego counties. “I did everything myself—I cleaned the ditches and handled the accounting.”

Barisic was half of the team at Cunningham-Barisic Development Corp., a Santa Ana-based developer that closed up shop before he launched Brandywine.

When his new venture needed to expand, Barisic turned to college labor in the form of his three sons. Mark Whitehead joined the company out of Chapman University in the late 1990s, moving up the ranks from a project superintendent to head the company’s construction and purchasing. Brett Whitehead, who graduated with a finance degree from Loyola Marymount University, took over accounting from his father when he joined in the mid 1990s. He eventually became Brandywine’s chief financial officer. Now he’s president and heads up land acquisitions. Dave Barisic, a graduate of the University of California, Santa Cruz, now heads up marketing and sales of the company’s projects. Read More >

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Diverse Group Honored at Family Owned Business Awards

November 18th, 2010

By ORANGE COUNTY BUSINESS JOURNAL

A company that tracks its history to 19th century Austria and another that set up shop in Orange County nearly 100 years later joined a homebuilder, a design firm and a waste management company in receiving honors at the 11th annual Family Owned Business awards luncheon put on by the Business Journal and California State University, Fullerton’s Family Business Council on Thursday at the Hyatt Regency Irvine.

Anaheim-based Ganahl Lumber Co., started in 1884 by immigrants from Austria, won the longevity award.
The company is the oldest lumber retailer in the state and specializes in high-quality merchandise and customer service at its eight stores with total annual sales of about $200 million.

ARD Andrew Rea Design LLC in Westminster won up and comer award. The firm offers branding, graphic design and marketing services to clients that range from Fortune 500 companies to small businesses. Read More >

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53 new homes coming to Garden Grove

November 4th, 2010

By Jeff Collins. OC REGISTER

Brandywine Homes will start construction within two months on a stalled redevelopment project it acquired from the city of Garden Grove.

The Century Village project consists of 53 townhomes on nearly three acres in Garden Grove’s Century Triangle, located near the city’s vintage Main Street district.

A partnership that the Irvine homebuilder is managing agreed to buy the parcel from the city for about $4 million. Century Village will occupy almost half of the Century Triangle, which originally was envisioned as a development containing a mixture of retail and housing.

Several developers have backed out of the project due to uncertainties in the real estate market, Brandywine officials said.
“This is a perfect project for Brandywine because we specialize in building new neighborhoods in fully developed environments,” said Brandywine President Brett Whitehead. “Most builders cannot take on these kinds of projects because they are too small, too complex and involve intensive and creative design.” Read More >

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6 Leadership Techniques For Tough Economic Times

November 1st, 2010

Writer, DAVID BARISTA

Professional Builder

Let’s face it, time are tough, and many home builders are doing all they can to keep their doors open amid the brutal economic conditions. But, while the housing market outlook may look bleak on a national level, there are countless success stories of builders that are succeeding in the toughest conditions. I’ve asked two such builders — Michael Maples, co-founder of Trumark Homes, Danville, Calif., and Brett Whitehouse, president of Brandywine Homes, Irvine, Calif. — to share some of their leadership advice. Here are some techniques that have worked for them.

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