According to the funny papers, the justification for tripling the number of homes in Irvine's Great Park is the tremendous demand for new homes. But this just came from the Orange County Business Journal e-mail alert. (We'd link you to the story, but those slick-haired OCBJ money-grubbers make you pay!):
PROFIT FALLS AT IRVINE HOMEBUILDER
Higher interest rates, more unsold homes, falling affordability and weaker home-buyer confidence contributed to a drop in profit at Irvine-based Standard Paci
Two corporations doing business in Irvine that are the subjects of a noteworthy/notorious whistleblower's fraud investigations have now apparently drawn the attention of the U.S. Securities and Exchange Commission.The SEC is reviewing whether James Peterson, CEO of Irvine-based defense industry computer chip maker Microsemi Corp., misled investors when he denied making up his college degrees, reports Bloomberg. The same consumer group that outed Peterson now says it is cluing in the SEC to alleg
The nation will be pulled out of the housing crisis by an unlikely demographic, according to study by The Concord Group of Newport Beach, a "strategic" analyst of the real estate industry. "Like the early Baby Boomers in the 1946 to 1964
era, the 80-million strong Generation Y today will make up the wave of
future homeowners in the U.S.," reports what is believed to be the first major national housing survey of its kind.Generation Y, states the report, is generally bullish on the housing market,
We missed this yesterday, but still think you should know: The company that owns Brightwater -- the company that wanted to build 300-something homes on Huntington Beach wetland -- announced it was filing for Chapter 11 bankruptcy Wednesday.Both naturalists and Native Americans strenuously fought approval for Brightwater's planned Bolsa Chica development. The plan was ultimately given the okay -- just as the housing market crashed.Now, California Coastal Communities Inc. faces a $182 million d
