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(“Shopoff”), a national manager of opportunistic and value-add real estate investments, announced today that James O’Malley has been promoted to the role of Senior Vice President – Forward Planning for the firm, and will now lead the Development team under Executive Vice President – Real Estate, Brian Rupp. Over the past five years, James has become an integral part of the development team and has proven a true champion for Shopoff’s development projects,” explained Shopoff Realty Investments President and CEO William Shopoff. Spearheading many of our noteworthy projects, such as the Magnolia Tank Farm mixed-use development in Huntington Beach, and the Anaheim South Street townhome development, James’ efforts and expertise have been a vital component to moving many Shopoff projects across the finish line.” With more than 38 years of experience in the real estate industry, O’Malley joined Shopoff in April 2016, acting as the firm’s Vice President – Development. In this new role as Senior Vice President – Forward Planning, O’Malley will lead the development team throughout a project’s development cycle, from land acquisition, due diligence and the entitlement process, to ultimately managing the sale of assets.

(“Shopoff”), a national manager of opportunistic and value-add real estate investments, announced today that the company has successfully sold 45 acres of raw land in Riverside County to Pulte Homes for $6.5 million. We originally acquired this land from the County of Riverside as a surplus land acquisition,” explained Shopoff Realty Investments president and chief executive officer, William Shopoff. ” Shopoff received unanimous approval for the project from Riverside County in 2017, with approvals for 138 single-family homes, a neighborhood park and community trails that will connect to the trails in Spring Mountain Ranch. Shopoff Realty Investments is an Irvine, California-based real estate firm with a 29-year history of value-add and opportunistic investing across the United States.

– Shopoff Realty Investments, a national real estate and investment firm based in Irvine, announced today details of a $90 million luxury condominium community coming to Newport Beach as part of its $1.25 billion master-planned development, Uptown Newport. Parkhouse Residences will be the only opportunity to own a brand-new luxury condominium in Newport Beach with a curated, resort-style amenity offering and direct access to a highly connected area of the city that is seeing exciting growth,” said Bill Shopoff, president and CEO of Shopoff Realty Investments. For sales and marketing at Parkhouse, Shopoff has hired Polaris Pacific, the leading real estate sales and marketing group for new residential communities with a 30-year legacy of success in the Western United States. Shopoff Realty Investments is a real estate and investment firm based in Irvine, Calif., with more than 25 years of experience in privately held real estate and development.

(“Shopoff”), a national manager of opportunistic and value-add real estate investments, announced today that the company has secured approval from the Huntington Beach City Council for its Magnolia Tank Farm project. The Huntington Beach City Council approved the Environmental Impact Report, Specific Plan, Zone Change and a Development Agreement for the visitor serving mixed use project, which will include approximately 250 single-family detached and attached homes, a 215-key boutique lodge with 40 of the rooms dedicated to affordable lodging, approximately 19,000 square feet of neighborhood retail, and public open space and trails throughout. Removing the former oil storage tanks on this property in 2017 was a big initial step for this property, moving it from a blight on the community into a useable and positive development,” explained Shopoff Realty Investments president and chief executive officer, William Shopoff. This opportunity will enrich the City of Huntington Beach in many ways, at a time where unproductive land can be converted to provide many improvements and needed revenue.” Shopoff purchased the land in 2016 and after removing the former oil tanks, the property was leased to AES as a construction staging area as the company renovated the adjacent power plant.