OCRegister.com “Anaheim builder sells out 20-home project in 5 months”

January 30th, 2017

Jan. 29, 2017  Updated Jan. 30, 2017 6:26 p.m.

The Lakehouse community by Brandywine Homes sold for an average price of $790,000.

By JONATHAN LANSNER / STAFF COLUMNIST

All 20 homes in a small project along the Santa Ana River in Anaheim have gone into escrow in just five months.

The Lakehouse community by Brandywine Homes sold four-bedroom residences at an average price of $790,000. Move-ins start as soon as March.

The quick sale is part of a growing market for new homes. Brandywine, for example, saw companywide sales across Southern California grow to 116 last year from 40 in 2015.

“The new home market in Orange County continues to be strong, driven by an expanding job market, historically low interest rates – still – and an overall shortage of housing,” says Dave Barisic, Brandywine’s marketing chief. “As long as these factors stay in place, we do not see a change in this market in the foreseeable future.”

Orange County homebuilders collectively sold 4,690 new homes last year, up 29 percent vs. 2015 and their best year since 2006. Developers grabbed 12.4 percent of all sales vs. 9.9 percent in 2015 – builders’ highest local market share since 2007.

Some of that success may be due to some relatively moderating pricing.

The median new-home selling price in 2016 was an eye-catching and budget-busting $830,000. But it was down 1 percent from 2015 and “just” 29 percent above the countywide median price. In 2015, new homes were 38 percent above overall pricing.

And it doesn’t hurt that builders have supply to sell while the inventory of existing homes for sale runs one-fifth below historical norms.

In the third quarter, builders had completed or had under-construction inventory of 1,127 housing units, double the supply of 15 months earlier and back at levels last seen as the market slowed before the recession.

The region’s developers also are getting national attention.

The Irvine Ranch sold 1,989 homes last year, making it the fastest-selling master-planned home community in the nation, according to RCLCO. Great Park Neighborhoods in Irvine, ranked eighth, with 530 homes sold last year; Rancho Mission Viejo in South County ranked 14th with 458 sales; and Baker Ranch in Lake Forest ranked 17th, selling 443 homes.

The challenge for developers this year will be navigating a tougher climate.

Competition among builders and existing homes will be stiff, especially for residences priced anywhere above the mid-range. House-hunter budgets will be thinned by higher mortgages rates, putting pressures on pricing. And construction costs should rise, with shortages of labor and certain supplies looming.

But as long as current homeowners largely stay put and Orange County bosses extend their six-year hiring spree to a seventh in 2017, builders should find a way to have another solid year.

Contact the writer: jlansner@scng.com

 

 

 

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Builder.com: “Anaheim builder sells out 20-home project in 5 months”

January 30th, 2017

Posted on:

 All 20 homes in a small project by Brandywine Homes have gone into escrow in just five months, reports Jonathan Lansner of The Orange County (Calif.) Register.

The Lakehouse community in Southern California’s Anaheim sold four-bedroom residences at an average price of $790,000. Move-ins start as soon as March. Lansner writes:

The quick sale is part of a growing market for new homes. Brandywine, for example, saw company-wide sales across Southern California grow to 116 last year from 40 in 2015.

Orange County home builders collectively sold 4,690 new homes last year, up 29 percent vs. 2015 and their best year since 2006. Developers grabbed 12.4 percent of all sales vs. 9.9 percent in 2015 – builders’ highest local market share since 2007.

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Six Lessons from Tiny Houses for Orange County Homes

January 30th, 2017

 

 

 

 

 

 

 

Cute as a button, practical, and affordable, tiny houses have become all the rage, scoring multiple series on HGTV and other home-centered stations. While such spaces may be too diminutive for you and your family, they still offer plenty of takeaways for when you buy one of our Orange County homes.

1. Leave the clutter behind.
Moving into a tiny house means leaving most possessions behind due to lack of space. Going into a larger home is no excuse to start acquiring meaningless items that simply fill space. Otherwise, your garage becomes so filled with boxes that it can no longer fit your cars. And your spare bedroom becomes a storage room.

Sell, give away, or donate as many of your items as you can before your transfer homes. Not only will it minimize the time and money you spend on the move, it gives you more room at your new place.

2. Exchange old for new.
Tiny house owners must practice discretion when buying anything. The only way they can make space for something new in the home is by getting rid of something old. If you follow the same strategy of exchanging new items for old, then you won’t risk running out of space. Read More >

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Builder.com: “Brandywine Homes Sells All 20 Residences at Anaheim Community”

January 27th, 2017

Posted on:                                                         

Anaheim Online News reports that Brandywine Homes has sold all 20 units five months after their grand opening at Lakehouse, a new community in Anaheim, Calif.

Designed by Pate-Smeall Architects, the homes range from 2,200-2,750 square feet on lots ranging from 3,650 to 7,662 square feet. They are offered in Craftsman and Spanish-style architecture, and with clay or concrete roofing tiles and two-car garages.

“Homebuyers were ecstatic about these spacious, luxurious homes surrounded by the serenity of a nature preserve in their backyard,” said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. “Finding a newly built home of this size in an established neighborhood in Anaheim isn’t easy. We’ve fulfilled a real need with this community, and we’re not surprised it sold out so quickly.”

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OC Register: “Real estate briefly: Pinnacle buys office complex for $40 million; Willis new GM of golf for Irvine Co. Resort Properties”

January 23rd, 2017

Jan. 22, 2017 Updated Jan. 23, 2017 9:51 a.m.

Brian Geis

Eric Everhart

 

 

 

 

 

 

 

 

 

 

Pinnacle Asset Management Group has bought a 203,749-square-foot office building at 26632-26642-26672 Towne Centre Drive in Foothill Ranch for $40 million. Ryan Swanson and Kurt Bruggeman of Lee & Associates in Irvine represented Pinnacle. The seller, Equity Office/Blackstone, was represented by Ryan Gallagher, Tim Geiman and Derreck Barker of Holliday Fenoglio Fowler, in Newport Beach. Built in 2000, the office building is completely leased with tenants including Loandepot, Pepsi Co. and Arrow Electronics.

Kelemen Caamaño Investments has acquired four multitenant, low-rise office buildings in Irvine for $27 million. All four buildings are part of the 13.55-acre, eight building Centerpointe office project, at the southwest corner of the Irvine Business Complex at MacArthur Boulevard and Jamboree Road. At the time of the purchase, the occupancy in the buildings was nearly full. Some of the tenants include UC Irvine, SGS&B Law, and Elite Education. Wind Water Realty represented KCI and will assume the property management for the project. The seller was represented by Brian Garbutt of Lee & Associates and Robert Griffith of NGKF. Read More >

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BRANDYWINE HOMES SELLS ALL 20 RESIDENCES AT LAKEHOUSE

January 23rd, 2017

New Neighborhood on Santa Ana River, Providing Homes to Extremely Underserved Area, Sells Out Within Five Months  

ANAHEIM, Calif. – Just five months after Brandywine Homes held a wildly successful grand opening at Lakehouse, a 20-unit community on 3.6 acres located at 2901 E. South Street in Anaheim, Calif., all homes in the neighborhood—which brings much-needed new housing to an underserved area—have been sold.

“Homebuyers were ecstatic about these spacious, luxurious homes surrounded by the serenity of a nature preserve in their backyard,” said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. “Finding a newly built home of this size in an established neighborhood in Anaheim isn’t easy. We’ve fulfilled a real need with this community, and we’re not surprised it sold out so quickly.” Read More >

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Celebrate the End of Winter From Your Orange County Home

January 23rd, 2017

In colder parts of the nation, the seasons are marked by weather changes that can sometimes be severe. Around Orange County homes, winter tends to merge imperceptibly into spring, even with our recent rains providing some much-welcomed variety. Still, it is nice to herald the end of slightly cooler temperatures and the arrival of colorful blooms with these upcoming festivals.

Tet Festival (Jan 27-29)

To celebrate the lunar Chinese New Year, the Union of Vietnamese Student Associations of Southern California are holding their 36th annual Tet Festival at the Orange Fairgrounds. A cultural village will simulate the charms of the Southeast Asian nation while booths serve all kinds of delicious food and sell items both beautiful and practical. Performances and contests include the Miss Vietnam of Southern California Pageant and a dragon dance or two.

Festival of Human Abilities (Jan 28-29)

For this weekend, the most interesting specimens at the Aquarium of the Pacific in Long Beach will be land-based as the Festival of Human Abilities showcases the talents of people with disabilities. Among the performances are a choir, hip-hop wheelchair dances, and underwater adaptive dives. Look for art displays and service animal demonstrations. Read More >

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Patch.com: “Brandywine Homes Hires Walnut Resident as Vice President of Development “

January 20th, 2017

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Industry Veterans Eric E. Everhart to Oversee Due Diligence, Entitlements and Project Management for Southern California Infill Homebuilder

Brandywine Homes, a pioneer of infill development in Southern California, announced today it has hired industry veteran to serve as vice president of development. Eric E. Everhart, former senior project manager for Van Daele Development Corp., will perform duties related to due diligence, entitlements and overall project management of communities within the Brandywine portfolio.

Before he was at Van Daele, Everhart was vice president of development for City Ventures, a residential developer specializing in high-density, urban and downtown infill housing in California, and vice president of development and director of finance for The Olson Company, overseeing urban infill developments in Orange County and greater Los Angeles. Everhart has also worked with J.M. Peters, The Anden Group, Shea Homes, Hearthside Homes and Forecast Homes. He has a bachelor’s degree in business management with an emphasis on finance and accounting from California State University, Fullerton.

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Yahoo! Finance: “Brandywine Homes Hires Two Vice Presidents for Development”

January 18th, 2017

Jan 18, 2017

Brandywine Homes, a pioneer of infill development in Southern California, announced today it has hired two industry veterans to serve as vice presidents of development. Brian M. Geis, former senior project manager with William Lyon Homes, and Eric E. Everhart, former senior project manager for Van Daele Development Corp., will perform duties related to due diligence, entitlements and overall project management of communities within the Brandywine portfolio.

“Brian and Eric are experienced real estate professionals who will enhance our team,” said Brandywine Homes’ President Alex G. Hernandez. “I look forward to their contributions to Brandywine’s execution of successful infill housing communities.” Read More >

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BRANDYWINE HOMES HIRES TWO VICE PRESIDENTS FOR DEVELOPMENT

January 18th, 2017

Industry Veterans Brian M. Geis and Eric E. Everhart to Oversee Due Diligence, Entitlements and Project Management for Southern California Infill Homebuilder 

Brian Geis

Eric Everhart

IRVINE, Calif. Brandywine Homes, a pioneer of infill development in Southern California, announced today it has hired two industry veterans to serve as vice presidents of development. Brian M. Geis, former senior project manager with William Lyon Homes, and Eric E. Everhart, former senior project manager for Van Daele Development Corp., will perform duties related to due diligence, entitlements and overall project management of communities within the Brandywine portfolio. 

“Brian and Eric are experienced real estate professionals who will enhance our team,” said Brandywine Homes’ President Alex G. Hernandez. “I look forward to their contributions to Brandywine’s execution of successful infill housing communities.”  

Mr. Geis consulted for several companies about land acquisition, entitlement, site planning, market research, project design and due diligence before he joined William Lyon Homes in 2015. Before that, he was vice president of merchant homebuilding for Brookfield Residential, development director and project manager for Brookfield Homes, project manager for Catellus Residential Group and Canaan Construction. He began his career as a fiscal and economic analyst with Stanley R. Hoffman Associates in Los Angeles. Mr. Geis has a master’s degree in urban planning with an emphasis on built environment and a bachelor’s in anthropology from the University of California, Los Angeles.

Before he was at Van Daele, Mr. Everhart was vice president of development for City Ventures, a residential developer specializing in high-density, urban and downtown infill housing in California, and vice president of development and director of finance for The Olson Company, overseeing urban infill developments in Orange County and greater Los Angeles. Mr. Everhart has also worked with J.M. Peters, The Anden Group, Shea Homes, Hearthside Homes and Forecast Homes. He has a Bachelor of Arts degree in business management with an emphasis on finance and accounting from California State University, Fullerton.  Read More >

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