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Mike Hunter Hunter: “With all the future apartment units coming on the line, the for-sale product here is filling a major need within the IBC housing continuum.”

IRVINE, CA—Townhome price points are more reasonable and affordable than single-family detached developments, are often coming in below FHA loan limits and are therefore more appealing to a larger pool of buyers, Mike Hunter, SVP with Land Advisors Organization, which is affiliated with Landmark Capital Advisors, tells GlobeSt.com. Hunter, along with Randy Coe and Allison Rawlins Tift of Land Advisors, a real estate firm specializing in residential land development projects, recently represented the seller of a 71-unit townhome project located near the corner of Von Karman and Alton Pkwy. here. The site is a rare opportunity to build for-sale townhomes within the Irvine Business Complex.

We spoke with Hunter about the transaction and the market for developing townhomes in Orange County.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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