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Tag: Donald Bren

  • Donald Bren’s Resort at Pelican Hill Will Become a St. Regis

    Donald Bren’s Resort at Pelican Hill Will Become a St. Regis

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    500-acre crown jewel of Irvine Company holdings will be managed by Marriott

    Donald Bren and The Resort at Pelican Hill (Getty, Pelican Hill)

    Donald Bren’s The Resort at Pelican Hill in Newport Beach will become a St. Regis. 

    The sprawling resort, including the Pelican Hill Golf Club, will be managed by Marriott International under its luxury group starting on July 1. The 504-acre resort will later join the St. Regis brand, according to sources. Marriott owns the luxury hotel chain St. Regis. 

    Bren’s Irvine Company will continue as the long-term owner of the property. Marriott plans to retain most of the resort’s employees.

    The Irvine Company said the decision followed a “strategic review” of its operations to improve the 5-star experience in order to enhance the resort as a sought-after destination for guests, according to communication obtained by The Real Deal.

    Bren is the wealthiest real estate developer in the U.S. and among the wealthiest people in the country, according to Forbes. The publication pegs his net worth at $17.4 billion. His firm owns 129 million square feet, including 590 office buildings, 125 apartment complexes with 65,000 units, 40 shopping centers and five marinas. Bren is the majority owner of the MetLife building in Manhattan.

    The Resort at Pelican Hill is one of The Irvine Company’s crown jewels. Located at 22701 Pelican Hill Road South, the resort sits along the coast of Newport Beach overlooking the Pacific Ocean and has 204 bungalows, 128 villas and two 18-hole golf courses on the property. It’s noted for its “Coliseum Pool ” with a blue bottom created by 1.1 million hand-cut glass mosaic tiles. 

    Rates range from $1,095 to more than $5,000 per night, according to the resort’s website. A special extended stay program offers two-bedroom villas for $28,500 to $75,000 per month, or a three-bedroom for as much as $90,000 per month.

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    Keith Larsen

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  • A $13.9 Million Home In One Of California’s Most Exclusive Island Neighborhoods

    A $13.9 Million Home In One Of California’s Most Exclusive Island Neighborhoods

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    Few coastal neighborhoods in Southern California are as exclusive as Harbor Island in Newport Beach. For starters, there are just 30 homes on the small, semi-artificial island in Orange County’s Newport Bay. The island is defined by its ultrawealthy residents and bayfront setting.

    One example: A three-bedroom home at 11 Harbor Island Road for sale that features a long yard to the water’s edge as well as a boat slip big enough to accommodate a 57-foot yacht, plus side ties for two smaller boats. Built in 1950, three-bedroom home on a the 8,250-square-foot lot has been renovated with a new kitchen, pipes and flooring.

    It’s on the market for $13.9 million.

    Inside the house, views of the water abound. The main level has an open-plan design with a living room that gives way to a large dining area and nearby kitchen. Two bedrooms are located on the main level; the primary bedroom with en-suite bathroom is located on the upper level.

    “It is a location that is about building your legacy, and it has a privacy you don’t get anywhere else on the bay,” says listing agent AJ Olson Whitfield with Newport Beach brokerage EQTY. The island is a gated community with 24-hour guards and off-limits to nonresidents.

    Harbor Island residents have included Donald Bren, chairman of the Irvine Company real estate development corporation, with a net worth of $17.4 billion, according to the Forbes Billionaire List; and real estate investor and former United States diplomat George Argyros.

    The neighborhood is one of a handful of residential islands in Newport Harbor; others include Bay Island, Little Balboa Island and Lido Isle. The island was created during dredging in the early 1900s. Homes here were built in the 1940s and 1950s, capitalizing on the allure of the waterfront and the harbor.

    Properties in the community tend to be as exclusive as its residents, and sales are something a rarity due to limited supply. Transactions over the last five years include the 2020 sale of a contemporary-style home with 134 feet of linear water frontage for $17.68 million and a $25-million deal in 2018 for a traditional-style home on a roomy waterfront lot of more than 10,000 square feet, according to the Multiple Listing Service records.

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    Mary Forgione, Contributor

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