Builderonline.com: “Brandywine Homes Closes on 1.66 acres in Orange County”

April 14th, 2017

April 14, 2017

The company will break ground on 17 two-story townhomes in May.

Brandywine Homes has closed escrow on 1.66 acres at 8572 Stanton Avenue in Buena Park and will break ground in May on Corsica, a new community offering 17 two-story townhomes. Vertical construction is expected to begin this summer, and the community is scheduled to open for sale in the fall. Read More >

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Los Angeles Times / Daily Pilot: “Biz News: Newport company breaks ground on Long Beach housing development”

March 24th, 2017

By Daily Pilot staff

March 24, 2017

A year-round costume shop in downtown Costa Mesa held its grand opening Thursday.

Halloween Bootique, which is located in The Triangle, hosted a costume party that included artist performances, a photo booth and refreshments.

Mother’s Market raising money for Environmental Nature Center

Costa Mesa-based Mother’s Market & Kitchen is donating a portion of funds collected from the sale of grocery bags to the Environmental Nature Center in Newport Beach. All seven Orange County Mother’s Market locations are participating, according to a news release. Read More >

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Builder Magazine: “Brandywine Breaks Ground in Long Beach”

March 6th, 2017

Posted on:

The builder’s gated Riverdale community will offer 131 single-family homes starting in the low $600s.

Brandywine Homes and Integral Communities have broken ground on Riverdale, a gated residential community that will offer 131 detached single-family homes in Long Beach, Calif. A grand opening celebration is slated for August 2017.

“There are virtually no new residential developments located in the South Bay, which is a prime area for families looking to live in a place with easy freeway access and low commute times to both LA and Orange County,” says Dave Barisic, principal in charge of sales and marketing at Brandywine Homes. “This exclusive gated neighborhood is designed to appeal to growing and established families with children, as well as empty nesters.”

Riverdale will offer contemporary floor plans with three and four bedrooms ranging from 1,900 to 2,250 square feet. Amenities include gourmet kitchens with stainless appliances and granite countertops and prices are expected to start in the low $600,000s.

In addition, Brandywine is planning to develop a 3.3-acre city park near the Riverdale project named after Dr. David Molina of Long Beach-based Molina Healthcare. The C. David Molina Park will feature a turf soccer field, playground, restroom facility, walking path, parking and landscaping.

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OC Register: “Real estate briefly: Pendulum buys Peters Canyon office property for $41.7 million; Orange senior apartments sell for $13.5M”

March 5th, 2017

March 5, 2017   Updated 4:54 p.m.

By STAFF REPORTS

Irvine-based Pendulum has bought a 156,305-square-foot office building at 5 Peters Canyon in Irvine for $41.7 million. The three-story property is between The Market Place and The District. Tenants include Medata, Black & Veatch, TRI Pointe Homes and Starwood Hotel & Resorts. The building was sold to Pendulum by K.C. Scheipe and Adam Edwards, both managing directors at Eastdil Secured in Irvine.

NAI Capital in Irvine has completed the $13.5 million sale of Triangle Terrace senior living apartments in Orange. Steve Heri, Steve Gim, and James Lampman represented the buyer, Reiner Communities, and seller, Orange Senior Housing, in the transaction. The 75-unit building at 555 S. Shaffer in Orange was built in 1985. The property sits at the eastern entrance to Hart Park.

A two-story, creative office building at 26840 Aliso Viejo Parkway has sold for $11.8 million. At the time of the sale, the property was 30 percent occupied with two tenants. The 33,915-square-foot building recently underwent $1 million in exterior and interior renovations. The buyer, Seabreeze Management Co., a property management company, was expanding and looking for an owner-user opportunity. They will occupy the remaining vacant space and the entire second floor for a total of 23,916 square feet. The seller was Irvine-based Kelemen Caamaño Investments, which acquired the building in 2015. Kelemen Caamaño Investments was represented by Rob Rader of Wind Water Realty, also of Irvine. Seabreeze Management Co. was represented by Brett Lessman and Will Tober of Hughes Marino.

New ventures

Irvine-based Brandywine Homes and Newport Beach-based Integral Communities have broken ground on Riverdale, a gated residential community that will offer 131 detached single-family homes in Long Beach. Grading on the development, near the Bixby Knolls Shopping District, is expected to begin this month. A grand opening is slated for August. Riverdale, the companies said in a statement, will offer floor plans with three and four bedrooms. Home sizes will range from 1,900 to 2,250 square feet. Prices are expected to start in the low $600,000s. The gated community includes a clubhouse with a meeting room, Junior Olympic-size pool and spa with cabanas, outdoor dining areas, and tot lot. Near the Riverdale project, Brandywine is planning to develop a 3.3-acre city park named after Dr. David Molina of Long Beach-based Molina Healthcare.

Read More >

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Los Angeles Times: “Biz News: Costa Mesa strip mall for sale for $26.46 million”

March 3rd, 2017

By Daily Pilot staff

March 3, 2017, 5:35 PM

A popular strip mall along Eastside Costa Mesa’s 17th Street Promenade is for sale, according to a listing on LoopNet.com.

The roughly 4.3-acre property at 250-298 E. 17th — whose tenants include local businesses such as Sidecar Doughnuts, Pie-Not and Mi Casa and larger chains such as Starbucks and Supercuts — has an asking price of $26.46 million.

The building contains about 56,000 square feet of space. It was built in the early 1960s but has been renovated multiple times since.

It is fully leased.

Costa Mesa UPS driver named to Circle of Honor

UPS driver Linzi Philips of Costa Mesa has been inducted into the Atlanta-based company’s Circle of Honor for her safe driving habits.

She was among 172 drivers in California noted for delivering packages for 25 years or more without an accident. Philips works for UPS out of Anaheim.

Globally, 9,349 active UPS drivers are in the Circle of Honor, according to a news release.

“My thanks go to all of them for their dedication and focus and for the countless lives they’ve saved,” George Willis, president of UPS’ West Region, said in a statement. “Their attention to detail has kept them safe and has helped improve public safety.”

Roger’s Gardens to host Spring Celebration

Roger’s Gardens in Corona del Mar invites the public to attend a free weekend event this month marking the arrival of spring.

The Spring Celebration from March 24 to 26 will feature artistic floral displays, seminars and other events.

Roger’s Gardens is at 2301 San Joaquin Hills Road. For more information, visit rogersgardens.com or call (949) 640-5800.

Stater Bros. expands online grocery service in O.C.

Stater Bros. Markets has expanded its use of Instacart online grocery ordering and delivery in Orange County to include locations such as Newport Beach, Fountain Valley, Laguna Beach and Huntington Beach.

“Partnering with the best, most beloved local grocery retailers is a key cornerstone of our business,” Nilam Ganenthiran, senior vice president of business development for Instacart, said in a statement. “From the onset of operating our grocery ordering and home delivery service through Stater Bros.’ Costa Mesa location, our customers have been thrilled to shop with Stater Bros. and have been asking for more Orange County coverage.”

For more information about the service and its fees, visit instacart.com/stater-bros.

Newport company breaks ground on Long Beach housing development

Newport Beach-based Integral Communities recently broke ground on Riverdale, a gated 131-unit community of detached single-family homes in Long Beach.

Integral is working on the project with Irvine-based Brandywine Homes, according to a news release.

The development’s grand opening is scheduled for August. When complete, it will contain homes ranging from 1,900 to 2,250 square feet. Prices are expected to start in the low $600,000s. Read More >

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Patch.com Long Beach: “Brandywine Homes and Integral Communities Form Partnership to Build 131 Detached Single-Family Homes in Long Beach”

March 2nd, 2017

Team Also Plans to Build Adjacent 3.3-Acre City Park with Soccer Field, Playground and Walking Trails

By Ingrid Culbert  March 2, 2017

Brandywine Homes and Integral Communities recently broke ground on Riverdale, a gated residential community that will offer 131 detached single-family homes on Daisy Avenue in Long Beach, Calif. in close proximity to Bixby Knolls Shopping District. Grading is expected to begin this month, and a grand opening celebration is slated for August 2017.

“There are virtually no new residential developments located in the South Bay, which is a prime area for families looking to live in a place with easy freeway access and low commute times to both LA and Orange County,” said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. “This exclusive gated neighborhood is designed to appeal to growing and established families with children, as well as empty nesters – a perfect community to call home.”

Riverdale will offer contemporary floor plans with three and four bedrooms ranging from 1,900 to 2,250 square feet. Luxurious home amenities include gourmet kitchens with stainless appliances and granite countertops, master suites and green features. The gated community includes a resort style clubhouse with a meeting room, jr.Olympic pool and spa with cabanas, outdoor dining areas, and tot lot. Prices are expected to start in the low $600,000s.

Near the Riverdale project, Brandywine is planning to develop a 3.3-acre city park named after Dr. David Molina of Long Beach-based Molina Healthcare. The C. David Molina Park will be located at 4951 Oregon Avenue and will feature a turf soccer field, playground, restroom facility, walking path, parking and landscaping. The park will have energy efficient lighting to provide additional hours of play for Long Beach sports groups. The walking path and a series of fitness stations will provide an opportunity for healthy outdoor exercise. The playground will feature dynamic universally accessible play structures, a climbing structure, safety surfacing and colorful shade structures.

 

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The Downey Patriot: “New Norwalk townhome development officially sold out”

February 16th, 2017

 

NORWALK – Brandywine Homes recently announced that all 31 townhomes have been sold at Sunstone, a two-acre, transit-friendly community, located at 11009 Pioneer Blvd., which held its grand opening in May 2016.

“Sunstone sold out quickly because it offered rare new homeownership opportunities in the highly desirable Norwalk area,” said Dave Barisic, who is in charge of sales and marketing at Brandywine Homes. “We knew these exceptional homes wouldn’t be on the market for long.”

Sunstone, a gated community built on the site of a former school building close to Little Lake Park, Heritage Park and Wilderness Park, offered townhomes from approximately 1,110 to 1,475 square feet with hand-selected designer finishes as well as versatile, expansive floor plans.

The two- and three-bedroom stucco townhomes have granite countertops, stainless steel appliances, tankless water heaters, two-car garages and concrete tile roofs.

All homes were also recently closed out at Citrine, Brandywine’s 16-unit townhome community on one acre located at 11433 Excelsior Drive in Norwalk.

Brandywine is currently building Castella, a 21 townhome neighborhood near the intersection of Studebaker and Excelsior in Norwalk. Castella’s grand opening celebration is tentatively scheduled for July 2017.

 

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Patch – Cerritos: “All 31 Townhomes at Brandywine Homes’ Sunstone Development in Norwalk are Sold”

February 13th, 2017

By   February 13, 2017 1:56 pm ET                                

Brandywine Homes recently announced that all 31 townhomes have been sold at Sunstone, a two-acre, transit-friendly community located at 11009 Pioneer Boulevard that held its grand opening in May 2016.

“Sunstone sold out quickly because it offered rare new home ownership opportunities in the highly desirable Norwalk area,” said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes. “We knew these exceptional homes wouldn’t be on the market for long.”

Sunstone, a gated community built on the site of a former school building close to Little Lake Park, Heritage Park and Wilderness Park, offered townhomes from approximately 1,110 to 1,475 square feet with hand-selected designer finishes as well as versatile, expansive floor plans. The two- and three-bedroom stucco townhomes have granite countertops, stainless steel appliances, tankless water heaters, two-car garages and concrete tile roofs.

Brandywine, a pioneer of infill development in Southern California, sold 116 homes, opened seven new communities and broke ground on four additional communities in Southern California in 2016. The homebuilder plans to close about 150 homes and open at least four communities throughout Orange and Los Angeles counties in 2017. Read More >

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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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