58,000 New Homes for Irvine? - Orange County Business Journal ocbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ocbj.com Daily Mail and Mail on Sunday newspapers.
Brookfield Residential is closing in on its largest-ever land deal in Orange County, for a nearly 75-acre parcel of developable land in North Irvine that’s expected to hold over 1,200 homes and apartments, and sell for more than $600 million.
Arrimus Capital is hopeful the third time is the charm for a prominent apartment proposal in Santa Ana. The Newport Beach real estate investment firm has submitted a new proposal for a seven-story apartment building totaling nearly 500 units at 2525 N. Main St.
Home sales slow in 2022 due to market uncertainty, but homebuilders are optimistic of a rebound in 2023 as interest rates lower. Homebuilders in Orange County sold 2,991 homes in 2022, compared to 3,677 in 2021.