No End in Sight for Toll Brothers’ Luxe Push in OC

Toll Brothers Inc. is adding another high-end housing development to its Orange County portfolio.

Its latest addition, a 47-lot site in Yorba Linda, will likely be one of its highest-priced local communities, which is saying something for the Horsham, Pa.-based builder, whose local developments’ homes top $2 million.

The builder, whose market value is about $8 billion, recently reached a deal to buy the Stonecliff Estates development site in Yorba Linda, roughly 30 acres on the northwest corner of Lakeview Avenue and Bastanchury Road. It’s a little more than a mile northeast of the Richard Nixon Museum and Library.

The site was listed for sale a few months ago by Sal Provenza and Curt Crandall at the Irvine office of land brokerage WD Land.

It traded hands for about $44 million, a little under $1.5 million per acre, or nearly $940,000 per lot, among the highest per-lot prices for an OC housing development site not along the coast.

The land was technically bought by an undisclosed land banking firm that will sell the lots to Toll Brothers in phases, according to Provenza.

Stonecliff Estates has been in the works for nearly a decade and was sold by an entity listed in marketing documents as Bastanchury Holding Co. LP.

The sellers are affiliated with Kuwait Finance House, a large Islamic banking firm that was one of the initial equity investors in the development, according to Provenza. The property is believed to be its only OC land investment; it also has some commercial property holdings in the Los Angeles area, he said.

Toll Brothers, which bills itself as the country’s largest luxury homes builder, is no stranger to Yorba Linda (or OC, where it’s now selling at 16 different projects), and has built a few developments in the city over the past three years.

Its latest, the 119-unit Enclave project, is about a half-mile from the recently bought property. It opened last year with prices near $2 million, and was about half sold as of a few months ago, according to brokerage data.

Stonecliff Estates will likely have a higher price point, thanks to some of the largest lot sizes—about a half-acre, or a little more than 20,000 square feet—for a recent OC housing development.

Most of Toll Brothers’ other area luxe homes in Irvine and other parts of OC have lots in the 6,000- to 12,000-square-foot range. Its Alta Vista development in Irvine’s Orchard Hills community, for example, with some homes priced at nearly $3 million, has lots of about 11,000 square feet, according to WD Land.

Homes at Stonecliff Estates were envisioned to be a little more than 4,000 square feet to nearly 6,000 square feet on the half-acre lots under the prior ownership group’s proposed designs, which Toll will likely tweak.

A community opening should be in about nine months, according to WD Land’s Provenza, who previously worked on land acquisitions for Toll Brothers.

Record Year, Rents

Apartment construction in OC is projected to reach an all-time record this year, according to a new multifamily research report by the local office of Marcus & Millichap.

Nearly 7,500 units will be completed at large apartment projects across the county, a record level and one that will increase OC’s base of rentals by 3%, the report said.

The heavy development is having a slight impact on vacancy rates, which have ticked up to 4%. But that hasn’t slowed rental appreciation, which has also risen 4%. Average monthly rents now stand at $1,972.

Construction should keep pushing on into next year. There were nine apartment projects with more than 300 units under way in Anaheim and Irvine combined at the start of the fourth quarter, and two projects, each larger than 500 units, were going up in Huntington Beach, the report said.

10 Last-Minute Ideas for New Year’s Eve in Orange County

You forgot to make plans for the big night? We’ve got you covered with our best ideas for a variety of fun things to do on New Year’s Eve in Orange County.

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FAMILY FUN
Winter Fest OC will have two celebrations on New Year’s Eve for children young and old. A 3,000-balloon drop and fireworks are slated for 6 p.m. and midnight. These activities are included in your general admission to Winter Fest, which opens at noon on New Year’s Eve and also features an ice slide, inflatables, a Festival of Lights, rock climbing, carnival rides, and an ice skating rink. Ticket prices start at $12 for children online in advance and $17 for adults. Best value is the online value pack for $65 for four people, which includes a fast pass for the ice slide. winterfestoc.com

FAIRGROUNDS FOR ADULTS
For an over-21 extravaganza, check out Resolution NYE. There will be two stages over two nights (Dec. 30 and 31) featuring acts such as Young The Giant, Dirty Heads, Seven Lions, Illenium, Slander, and more. The festivities start Dec. 30 at 7 p.m. and on Dec. 31 the party goes from 8 p.m. to 1:30 a.m. at the Costa Mesa and Huntington Beach buildings at the OC Fair and Event Center. Admission is $50, VIP tickets start at $100. resolutionnyeoc.com

ON THE BEACH
Get out on the sand at Bolsa Chica State Beach on Dec. 31 and join DJ Dig Dug and DJ Ravi Drums in a heated tent. The event also features live music, dancing, a photo booth, a full premium bar, and midnight balloon drop. DJ Ravi Drums adds live percussion and unparalleled technology as he plays at 180-degree angles on a custom drum set. Tickets are available for the New Year’s Eve event for $75 in advance and $100 at the door. sealegs.ticketleap.com/newyearsatthebeach

Water Grill

SEAFOOD FOR 2018
Join the folks at Water Grill in Costa Mesa for an interactive photo booth and live music from the Michael Physick Trio. There’s a special surf and turf entrée on the menu for this evening and the featured dessert is dark chocolate mousse. Festivities begin at 9 p.m. Admission is free, but reservations are recommended. watergrill.com

Ways & Means Oyster House

ISLAND SPIRIT
Ring in the new year with Aloha spirit at Ways & Means Oyster House in Huntington Beach. The New Year’s Eve Hawaiian Bash starts at 6 p.m. and features a costume contest, music and dancing, giveaways, and bottomless well drinks for $55 starting at 8 p.m. wmoysters.com

 

JUST FOR KIDS
The Montage in Laguna Beach will host Paintbox, a New Year’s Eve party from 6 p.m. to 12:30 a.m. for children ages 5-12. The evening features karaoke, a show, dinner, a movie, activities, and more. $150 per child. montagehotels.com/lagunabeach

LAUGH IN THE NEW YEAR
Head to the Irvine Improv for an East Coast Countdown or a West Coast Countdown with Rob Schneider, the “Saturday Night Live” alum perhaps best known as the hilarious “copy guy.” The East Coast event starts at 7 p.m. and has a dinner option ($100) or regular admission for $50. The West Coast event starts at 10 p.m. and will feature Champagne and party favors for $100. irvine.improv.com

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Anqi

AN ELEGANT DINNER
AnQi will highlight one-night-only holiday specials, in addition to its regular dinner menu, including a steamed California sole and an eight-hour slow roasted brisket. A five-course prix fixe dinner is available for $145 per person. There will be a live band and a DJ, plus a balloon drop at midnight. houseofan.com

FAMILY ON ICE
Take the family to a Ducks game early on New Year’s Eve and get a good deal before you head out for the night. You can take advantage of the family pack that includes a ticket, hot dog, and soda starting at $31 each. The Ducks will play Arizona at 1 p.m. on New Year’s Eve and every fan in attendance will receive a cell phone wallet. anaheimducks.com

CANYON RETREAT
Celebrate the start of 2018 at a tucked away location: The Ranch Laguna Beach. Highlights include music from the Shawn Jones Band, dancing, a photo booth, four snack stations, confetti, and Champagne at midnight. The event starts at 9 p.m. and costs $125 per person. theranchlb.com

Marvelous Mansion

Screen Shot 2017-12-14 at 8.24.44 AM (1)Via Kim Haman / Orange County Business Journal

December 4th, 2017

The home at 22570 Hidden Hills Road in Yorba Linda sold on Nov. 1 for $6.1 million, coming in under its $7.5 million list price in May. The sale represented the highest ever in the city. Nestled onto a private, 3.1-acre ridgetop lot, the estate features views that stretch to the ocean on the horizon. The 8,320-square-foot, contemporary-style home, formerly owned by the executive chef of Yardhouse Restaurants, Carlito Jocson, includes a restaurant caliber kitchen with Viking appliances, a large Subzero refrigerator and an adjacent 1,200- bottle, temperature-controlled wine storage room. Outdoors, there’s another full-service kitchen featuring an ample bar-seating area and wood-fired pizza oven. There are five bedrooms and six baths, as well as a 13-person theater and a billiards room, and a whole-home Crestron system. The grounds include a basketball court, full outdoor bath, and space for a helipad. The home was designed by DKY Architects’ David Streshinsky. Raj Qsar and Christina Boladian of The Boutique Real Estate Group represented the seller, and Edward Englehart of First Team Real Estate worked on behalf of the buyer.

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Real Estate Video Influencer Awards

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Congratulations to the top 10 agents and the five honorable mentions in home tours and listing videos! This was an extremely difficult category to judge with so many quality entries. While we saw many highly produced samples, we focused on the story that each video told and how well they were able to explain the amenities and characteristics of each home.

We took into consideration the human element first. If a video did not have the real estate agent, homeowner, or even actors to help bring the home to life, they were eliminated from the competition. Needless to say, slideshows need not apply.

What we ultimately came up with was a balanced list of videos that includes both highly produced videos and videos every agent can create. Check out the top agents in the Listing Video category and get inspired by their creations!

Who can tell the story of a home and why it’s so magical better than the person who specifically built the home, custom to his family’s wants and needs? We love this video because we can see and feel why this home is so important to the homeowner.

#1 Raj Qsar // Home Tour Video Award

Raj is no stranger to awards. In 2017, Raj was named The Real Estate Influencer of The Year by Inman News. In 2016, Raj was named to the prestigious Swanepoel Power 200 Honoring the Most Powerful 200 People in Residential Real Estate. On his YouTube channel, you can find a variety of interviews with him where he discusses how important it is for real estate agents to utilize video in their business. Raj truly captures the luxury and cinematic essence of his high-end listings, on top of leveraging unique storytelling within his highly produced listing videos.

The Boutique Real Estate Group

TheBoutiqueRE.com | YouTube | Facebook | Instagram

Yard House top chef sells Yorba Linda estate for record $6.095 million

via OCregister

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Carlito Jocson, the top chef for Yard House restaurants, has sold his modern, 8,320-square-foot house on three acres in Yorba Linda for $6.095 million. www.22750HiddenHillsRd.com

That sets a record for the most expensive home sale ever in the city, according to the Multiple Listing Service.

The house, on one of Orange County’s highest peaks, hit the market in September 2016 for $10 million. The price dropped to $8.688 million in February 2017 and $7.5 million in May.

The estate includes a full-size outdoor kitchen with a bar and wood-fired pizza oven. Flanking a zero-edge swimming pool are two glass-tiled fire pits. A meditation garden with more than a dozen olive trees and a disappearing entertainment system are among the outdoor features.

Inside, the solar-powered house has a restaurant-caliber kitchen, 1,200-bottle wine room and a home theater.

Jocson was one of the Yard House’s original founders and went on to become a vice president and the corporate executive chef.

Raj Qsar and Christina Boladian of The Boutique Real Estate Group co-listed the house; Edward Englehart and Leslie Cole of First Team Real Estate represented the buyers.

 

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Top 30 Real Estate Brokerages On Social Media

via Property Spark

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These real estate brokerages are reaching thousands of people by using the power of social media.

Before, going into the list, we would like to say that these real estate brokerages do not have to be our clients, subscribers or followers.

Furthermore, we did not solicit any real estate brokerages before the research or writing of the lists.

Here’s how the Real Estate Brokerages are selected:

Initial Research on Real Estate Brokerages

We looked at hundreds of popular Real Estate Brokerages across North America. We found these real estate brokerages through different mediums including:

• Google
• Bing
• Facebook Search
• Instagram Search
• Twitter Search

Inclusions and Ranking (Objective Data)

Once we had our list of popular real estate brokerages. We looked at objective data regarding the real estate brokerages’ social media presence, including the following:

Followers:
• Facebook Page Likes
• Instagram Followers
• Twitter Followers

Engagement:
• Facebook Post likes, comments, shares and views (for videos)
• Instagram Post likes and comments
• Twitter favorites and retweets

Inclusions and Ranking (Subjective Data)

Finally, we make sure that all the real estate brokerages who made the final 30 have a great social media presence based on subjective variables, including the following:

• Brand image (quality of graphic design, pictures, videos)
• Value of content (how useful the content is to followers)
• Content mix (the mix of different types of posts)

With that being said, let’s get into the top list! Enjoy!

#10: The Boutique Real Estate Group

“Inspired by purpose, driven by passion”; that’s a motto we definitely want to hear from a real estate brokerage company. The Boutique Real Estate Group knows how to engage their followers on social media as they provide luxurious and dreamy photos of property interiors and exteriors.

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Real estate agents make movies to sell mansions as traditional home tours become obsolete

via Financial Express

In a world of extreme competition, traditional home tours are becoming obsolete. Real estate agents are now using movies to sell mansions.

Home-tour

It’s not easy to sell houses. In a  market spoilt for choice, selling mansions becomes even more tougher. So real estate agents are finding new ways to lure customers and one of them happens to be making movies to sell mansions. A woman in a red dress twirls with a mysterious man through light-filled hallways. There is light music that surges in a romantically-lit courtyard, which overlooks a twinkling city. A mischievous coda plays, and then the credits roll. You could mistake it for a scene from a romantic blockbuster. Not really, as this eight-minute mini movie is a real estate advertisement—uploaded on Vimeo—for an $8.5-million, 1.5-acre compound in Encino, Los Angeles. The days of good old brochures with high-resolution pictures are over. So is successfully marketing a mansion using shots from an iPhone or even expensive videos shot by drone. In the days of ever-evolving technology and infrastructure, real estate agents need to do a little more hard work to pitch the perfect sale bid.

So luxury listings are now experimenting with full-on property movies—films featuring actors, story arcs, scores and tinseltown-caliber cinematography. The money is spent on movies to be recovered through million-dollar sales. In another movie for a mansion, gorgeous women dressed in bikinis, sipping fine wine, are sitting by the poolside. The short movie made by realtors to sell a $32-million Hollywood Hills mansion cost its makers a whopping $40,000. Real estate agents Rayni Williams and Branden Williams were one of the first ones who came up with such an over-the-top marketing idea to sell a mansion in 2015.

The storyline of the movie pays attention to showcase all the finer details of the mansion. The man of the house is out of town and his wife texts her friends to come over and party. So the director of photography used five different cameras and three drones to capture the home’s splendour. The eight-bedroom estate boasts breathtaking views, a theatre and a gym. The husband and wife realtor team also made a $100,000-mini movie to sell a $70-million property the same year.

People are short of time and so the classic, old-school walking tour of the house is becoming more and more obsolete. So here come movies for a generation that is short on attention, but is addicted to smartphones. A movie makes people feel attached to a story, and they want to stick around and see what’s happening. Making a movie doesn’t come cheap though. Typically, the filmmaking cost is covered by either the listing agents, sellers or both. Movie-style real estate videos can cost anywhere from $5,000 to upwards of $30,000. Real estate agent Ben Bacal, an early innovator of high-gloss property films, worked with married clients Ori and Nafisa Ayonmike to craft a $20,000-film to market their home in Hollywood.

The Ayonmikes star in a fictional narrative that begins with Ori skulking through the sleek, contemporary rooms of his 5,500-square-foot, five-bedroom estate. In the next 11 minutes, Ori tells Nafisa that he wants a divorce. A passionate fight ensues, Ori gets kicked out and Nafisa chucks her massive diamond ring into the pool. Amid all the high drama, the camera-person captures the home’s 20-foot ceilings, high-tech security system, marble fireplaces and the tony Hollywood Hills neighbourhood.

The video of the property, listed at $3.65 million, has generated nearly 61,000 views since being posted on YouTube last year. As movies are doled out so are online video platforms, which have become a key component in property sales. Some 36% of home buyers used YouTube, Vimeo or another video-hosting website in their search last year, despite only 8% of real estate agents using films in their marketing strategies, as per the National Association of Realtors in the USA.

Bacal posted another movie trailer-listing video last year for a Bel-Air property, in which two children develop Ferris Bueller fevers and spend the day playing hooky. The pair splash in their infinity pool, shoot golf balls over the Los Angeles skyline from their lawn, try on outfits in their generous closets and have a puppy delivered by drone. The 14,230-square-foot spread sold in December for $39 million.

Not all of the properties are extravagant or overwrought. One narrative video, for a four-bedroom home in Brea that sold in October, focused on family. The movie trailer for the 3,008-square-foot property, posted on YouTube three months earlier by the Boutique Real Estate Group, features little girls at a sleepover, romping through various bedrooms and having a late-night living room dance party to Taylor Swift songs. Some properties take naturally to the camera.

Consider the 20,500-square-foot Opus spec estate in Beverly Hills. The $100-million listing—which includes seven bedrooms, 11 bathrooms, two swimming pools, art by Damien Hirst and Andy Warhol, and a champagne vault with 170 bottles of Cristal—was featured last spring in a video inspired by David Lynch and Eyes Wide Shut. Producer Alexander Ali of the Society Group worked with Hilton & Hyland selling agent Drew Fenton and developer Nile Niami—who co-produced Steven Seagal’s 1998 film The Patriot—on the Opus film. Opus has now received inquiries from China, Russia, Brazil and India.

The Best Fireworks In Orange County

By:  Brogyn Gage / The Boutique Real Estate Group

Oh say can you see…all the fireworks of OC! Independence Day, the day we look forward to all summer long is finally upon us. The day for BBQ’s, friends + family, parades and those mesmerizing lights that fill the night sky, also known as fireworks! While pretty much every major city in Orange County has some sort of firework display, (not including your neighbor’s snap-crackle-pop array going on outside throughout the evening), I’m here to break down my top 5 picks for this year’s professional pyrotechnic shows throughout Orange County!

Costa Mesa: BYOP (bring your own picnic), chairs and blankets to enjoy a pyrotechnic show at the OC Fair and Event center, located right off the 55 freeway at 88 Fair Drive in Costa Mesa. The fireworks start at 9 PM, but get there early and enjoy live music, activities, food and vendors starting at 4PM. Free parking until 5PM — after 5, parking is $8. For more information visit costamesaca.gov

Dana Point: Beach views + Fireworks. Could you ask for anything more? Grab your lawn chairs and head to the beach for a firework show with synchronized music. Not kidding…tune into 88.5 FM at 9PM and heighten your senses with this incredible show over Doheny State Beach. A free shuttle will run from 8AM-11PM, picking up and dropping off at Dana Hills High School and Dana Point Harbor. If you decide to make it an all day event, make sure to pack your sunscreen!

Fullerton: Since 1990, Fullerton has hosted it’s annual ‘Annual 4th of July Fireworks Festival’ at Fullerton Union High School. While the show is usually hosted at the stadiums football field, this year the event will take place on the softball field. From 5-9:30, enjoy live music, food, drinks, and games. Best to get there early though; the event usually brings in around 7,000 people!

Lake Forest: If you plan on being in Lake Forest this Independence Day, make sure to get a good night’s sleep before, because this city hosts events throughout the entire day. The community will host it’s 26th annual 4th of July Parade, with this years theme “Let Freedom Ring,” from 10AM to noon. The parade will run along Serrano Road, Lake Forest Drive, Toledo Way and Ridge Route Drive.

The Lake Forest ll Homeowner’s Association also has an event beginning at 10AM at the Sun and Sail Club, featuring live music, food, beverages, and basketball and volleyball tournaments. The fireworks show starts at 9PM. Wristbands are on sale for $12 before July 4, and $15 on the day of the event. More information at http://lf2recreation.org/

Tustin: Visit Tustin High School Football field, located at 1171 El Camino Real for free entertainment starting at 6PM. You can pack your own snacks and drinks, or purchase from the school’s booster club. Also, Operation Warm Wishes – a non profit organization dedicated to helping and serving the homeless, troubled youths, struggling families, Veterans and senior citizens in need throughout Orange County, CA and the world will be on site, so be sure to donate some non perishable food items!

Wherever you choose to spend your holiday, we hope that you have a perfect day celebrating and honoring the freedoms that we have here in the beautiful USA!  Enjoy your time with the people who mean most to you — Have fun! Eat that extra helping of potato salad!  And most importantly, be safe. 
 
From us here at The Boutique to you, Happy Independence Day!

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An indie broker talks tech, trends and creation

Catch Southern California- based influencer Raj Qsar at the Indie Broker Summit

Raj Qsar is the principal/owner of The Boutique Real Estate Group and spends much of his time traveling to far flung destinations educating those in the real estate industry on the finer points of effectively using technology and social media.

The Southern California-based influencer will take the stage during Inman’s Indie Broker Summit on Monday, August 7 to address brokers from across the country on how to strategically think about their technology choices in their own practices.

 

Register Now

We caught up with Raj to get his take on the advantages of being an independent broker and what other indies should watch out for in the coming year.

What do you see as the biggest benefit to being an independent broker?

Ability to adapt, change and execute quickly and the freedom to create & curate stories from the ground up.

What are your best tips and tricks for building your client base?

Real life networking and using technology to become more efficient.

What do you see as the most important trends (good or bad) that independent brokers should be keeping an eye on in the coming year?

Good: The merging of multiple techs into one platform.
Bad: So much “copying” and not enough creation.

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Indie broker hires goodwill ambassador to spread positivity

via inman

The inspiration for this new position came from Raj Qsar’s father-in-law, a savvy business owner

  • The Boutique Real Estate Group has added a “Goodwill Ambassador” to its team.
  • Ambassador’s “sole purpose is to spread goodwill to everyone he meets.”

The Boutique Real Estate Group has added another person to its team, and it’s not another agent, marketing guru or office management whiz — instead, owner Raj Qsar opted to hire a “Goodwill Ambassador,” a person whose only job is to spread positivity wherever he goes.

 

The inspiration for this new position came from Qsar’s father-in-law, who has owned a commercial cleaning company for more than 35 years.

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“The idea came from him and his good friend,” Qsar said. “They are in the soap business where they sell soap to restaurants.”

“His friend would always eat at restaurants and comment on how beautiful the silverware and stemware looked,” he added. “So after some time, he designated him as his goodwill ambassador.”

When thinking of the perfect person to take on this role, Qsar says he immediately thought of Chuck Underwood, a close family friend who recently listed his home through The Boutique.

“We recently sold his home in Orange County and found him a gorgeous new home,” he says. “Throughout the process, he fell in love with The Boutique and was so impressed by how we operated our brokerage and the way we marketed his home.”

Beyond his newfound passion for the brokerage, Qsar says Underwood’s experience as a business owner along with his wide network of friends, associates and colleagues make him the perfect person to extend The Boutique’s reach beyond the immediate community.

After Qsar announced Underwood’s addition to the team on Facebook, a number of friends offered their congratulations, saying that he was the perfect man for the job.

“I can’t think of a more qualified person for the job,” wrote one commenter. “Congrats, Chuck!”

Underwood will take on a number of projects, the first of which is attending a build day with Giveback Homes on June 3, and taking on the hosting duties for the brokerage’s new office opening in Brea, California, and all of the festivities surrounding that event.

Underwood says he was “a bit intimidated” when Qsar came to him with the idea, but he knew he had the chops to take on ambassador duties.

“The Boutique is such a powerhouse brand in the Orange County real estate market, but I knew that with my outgoing personality, dedication, drive and true enthusiasm I could get the job done for The Boutique,” he says.

“It means I have a weight on my shoulders and am determined to spread goodwill to everyone I meet every single day,” Underwood added.

Although Underwood is barely a week into this new position, Qsar says they’re planning to expand the program to include additional ambassadors.

“Yes, of course,” he says excitedly of adding more ambassadors. “We already have a waiting list of three prime individuals who have applied for the position.”

Screen-Shot-2017-04-14-at-3.04.01-PM-450x450For more information the the Goodwill Ambassador program or to learn more about The Boutique please visit www.JoinTheBoutique.com

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