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*Architectural renderings featured are managed or formally managed by Shopoff Realty Investments. |
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Jamboree Road’s Active 2024:
A Hub of Development and
Innovation
Bill Shopoff | President & CEO
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| Shopoff Hosts BIA Orange County’s Tequila Tasting Event |
July 26, 2024
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| The Orange County Register: Huntington Beach Magnolia Tank Farm housing project approved by California Coastal Commission |
July 12, 2024
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| The Daily Pilot: Coastal Commission approves Magnolia Tank Farm housing project |
July 11, 2024
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| The Real Deal: Shopoff looks to build 250 homes and hotel in Huntington Beach |
July 3, 2024
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| Shopoff Realty Investments Hosts Their Mid-Year Town Hall Meeting |
July 2, 2024
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| The DI Wire: Five Questions for: Shopoff Realty Investments President Bill Shopoff |
June 27, 2024
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These links are being provided as a convenience and for informational purposes only; Shopoff Realty Investments bears no responsibility for accuracy, legality or content of the external site or for that of subsequent links. Contact the external site for answers to questions regarding its content. |
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| Property pictured above is Magnolia Tank Farm in Huntington Beach, CA. This project is being managed by Shopoff and is a holding of a Shopoff Fund. |
On July 10th, Shopoff received California Coastal Commission approval for its 29-acre Magnolia Tank Farm project. Located in a prime, beach-adjacent location in Huntington Beach, pending entitlements include approximately 250 single-family detached and attached units, a 215-key boutique lodge and approximately 19,000 square feet of neighborhood retail.
This project will provide quality housing for Huntington Beach residents, with a much-needed
affordable housing component, even including a first of its kind program that will dedicate a portion of the affordable housing to hotel workers. Shopoff believes this innovative program is vitally important to the success of this project, as it will allow workers to live in the city where they are employed, and avoid lengthy daily commutes.
We want to specifically thank the labor unions, including construction and hotel workers, affordable housing advocates, our consultants, and coastal commission staff, that have invested countless hours into this project. We are dedicated to seeing this project come to fruition and be a bright spot for Huntington Beach, instead of the blight it has historically been on this stretch of the coastline. |
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| Our team had so much fun assembling backpacks for kids aged K-12! With the generous donations made by fellow employees, we were able to gather 24 backpacks in support of Olive Crest, a nonprofit organization dedicated to strengthening and equipping children and families in crisis. Thank you to The Boardwalk for hosting this backpack drive, we are grateful to have been a part of it. |
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The information contained herein is for informational purposes only and is not, and shall not constitute investment advice, tax or legal advice. It is important to disclose that this newsletter includes links to an external source. The content you are about to view is produced by third-party sources. Additionally, Shopoff Realty Investments, L.P. and its affiliates are not responsible for the administration of the terms of use, privacy policies or security policies of any external source. Certain statements contained herein may constitute “forward looking statements.” Any such statements, performance projections and results have been based upon assumptions, some of which will vary, perhaps materially, from actual events and do not constitute a prediction or representation as to actual performance.
This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC. |
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