Latest News

2016 Shatters Orange County Real Estate Records

by stephanieargyros January 18, 2017 Latest News

2016 was a record-setting year for real estate prices in Orange County. Median home prices hit their all-time high, largely driven by newly built and more expensive homes entering the market.

The median price of a newly built home in Orange County reached a unprecedented $934,250 in October, an increase of 3.8 percent over October of …

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Muldoon Named Mayor Of Newport Beach

by stephanieargyros January 11, 2017 Latest News

Newport Beach just got a new mayor chosen from the ranks of the City Council. Kevin Muldoon was unanimously nominated and elected by the other councilmembers in a mid-December vote.

Muldoon is a former deputy district attorney for Orange County who represents District 4. Muldoon was first elected to the City Council in 2014 on the …

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Irvine Co. Sues Museum House Developers

by stephanieargyros January 9, 2017 Latest News

One of Orange County’s largest employers and property owners is suing the developer of the upcoming Museum House residential development for trespassing. The Irvine Company filed a lawsuit in early December claiming that several supporters of the project trespassed at a number of Newport Beach shopping centers located on property owned by Irvine Company.

Members of …

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Real Estate Job Growth Rebounding in Orange County

by stephanieargyros December 28, 2016 Latest News

Employment in the real estate sector in Orange County is reaching a nine-year record, and is closing in on an all-time record. Experts wonder if the real estate market is getting too hot based on the latest data, even though employment is still off the peak set before the real estate market crash.

Employment growth shrank …

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New Water Treatment Plant Opening in South Orange County

by stephanieargyros December 21, 2016 Latest News

Five water districts in south Orange County are partnering up to fund and build a $107 million water treatment plant that should start providing drinking water to most of the region starting early next year.

The Baker Water Treatment Plant is set to running 28.1 million gallons of drinking water per day to about 63,300 homes …

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Is Orange County’s Housing Market Slowing Down?

by stephanieargyros December 14, 2016 Latest News

Mortgage making is down to about half compare to its level a decade ago and, overall, mortgages are down 19 percent in Orange County from 2015 as rising prices push more potential buyers out of the market.

Lending is about half the levels it reached a decade ago. Lenders are making borrowing as harder than the …

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Planning Commission Approves Mega-Condominium Project in Downtown Newport Beach

by stephanieargyros November 30, 2016 Latest News

Newport Beach residents are divided about the Planning Commission’s decision to approve a controversial high-rise in Newport Center. The Council chambers were jam-packed with supporters and opponents at the Oct. 20 meeting, when the commissioners voted unanimously to approve the 25-story, 100-unit residential project.

Planning Commission Chairman Kory Kramer did not speak for everyone when he …

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Newport Harbor Brings in $200 Million A Year

by stephanieargyros November 23, 2016 Latest News

A new tourism study published in October reveals that Newport Harbor generates about $200 million for Newport Beach every year, making it one of the city’s main economic engines.

The nine-month study by Tourism Economics examined spending, wages, taxes and tourism to calculate the value of activity in the harbor.

Gary Sherwin, the head of Newport Beach …

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“Flip or Flop” Stars Under Fire

by stephanieargyros November 16, 2016 Latest News

The stars of an Orange County reality show are under fire for allegedly misleading people into paying for expensive classes and seminars to learn how to “flip” houses. Tarek and Christina El Moussa buy rundown homes, renovate and resell them on the popular HGTV show “Flip or Flop.” The show is the second most-watched on …

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Big Construction Companies Behind ‘Yes on M’ Campaign

by stephanieargyros November 9, 2016 Latest News

Construction companies and architects are some of the largest donors to the Yes on M campaign, which seeks a bond measure to upgrade and repair all schools in the Capistrano Unified School District.

Campaign disclosure forms show that the Yes on M, Save Capistrano Unified School District committee received a total of more than $290,000 since …

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