Is The Drought Finally Over In Orange County?

by stephanieargyros February 1, 2017 Latest News

The drought may be over after a series of intense storms brought a record level of rainfall to Orange County over the last few months.

Reservoirs in Orange County and across Southern California have at last been brought to full capacity. Irvine Lake rose by 6 feet during the last week of January. Barbara’s Lake, the …

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Newport Beach Hospital Gets Top Marks For Heart Treatment

by stephanieargyros January 25, 2017 Latest News

Hoag Memorial Hospital Presbyterian in Newport Beach has been named one of the nation’s 50 best cardiovascular hospitals for the second consecutive year by Truven Health Analytics.

Hoag is the only community hospital in California to make the list, which looked at more than 1,000 hospitals nationwide. If all cardiovascular hospitals performed at the same level …

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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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Costa Mesa Votes Down Major Residential Project

by stephanieargyros December 7, 2016 Newport Beach

Costa Mesa planning commissioners unanimously denied a request by developers to rezone a struggling business complex in College Park to make way for 28 single-family homes.

The rezoning would have required a change to the city’s general plan for development, which zones 440 Fair Drive as commercial, not high-density residential. The redevelopment plan presented by property …

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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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