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Offices | Organization | Irvine Community Development Company | Finance and Corporate Administration | Corporate Affairs | Urban Planning and Design | Investment Properties Group | Finance The Company: Internet Address: www.irvinecompany.com The Irvine Company is a 140-year-old, privately held real estate investment company best known for the balanced, sustainable communities it has planned and developed on The Irvine Ranch® in Orange County, California. The company also is known for its portfolio of high-quality, high-profile investment properties -- which include major office buildings, hotels, apartment communities, marinas and retail centers -- in San Diego, Orange and Los Angeles counties and Silicon Valley. Guided by a comprehensive master plan it undertook in the early 1960s, the company continues to create communities that provide a full range of housing, thriving job centers, excellent schools, rich recreational opportunities and abundant parks, greenbelts and open spaces. Today, The Irvine Ranch is considered one of the largest and most successful master-planned urban environments in the United States. Approximately 260,000 people live on The Irvine Ranch. About 237,000 people work there. The Ranch: Established in 1864, the original Irvine Ranch comprised 120,000 acres reaching 22 miles inland from the Pacific Ocean at Newport Beach to the edge of the Cleveland National Forest. Encompassing more than 185 square miles, the ranch represented nearly one-fourth of Orange County's total land area. Today, at about 93,000 acres, the ranch represents nearly one-fifth of the county’s total land area and contains portions of six cities, including the entire City of Irvine. The Irvine Ranch also includes portions of the cities of Newport Beach, Tustin, Orange, Laguna Beach and Anaheim, plus unincorporated land in the County of Orange. The City of Irvine is the geographical and historical heart of The Irvine Ranch. Irvine has a population of approximately 202,000. The city’s most prominent business center is Irvine Spectrum®, one of the country's major business, research and technology centers. The Greater Irvine Spectrum Area employs approximately 65,000 people at approximately 3,400 companies. Core growth industries are automotive design; biotech; broadband; computers and computer peripherals; computer software, and medical devices. Irvine also is home to the University of California, Irvine, one of the country’s best public research universities, built on land donated by The Irvine Company to the University of California. Scope of Operations: At the core of The Irvine Company’s operations is the creation of balanced, sustainable communities. The company plans and designs the communities, then sells land to builders who construct residential villages according to The Irvine Company's award-winning architectural design standards. To help provide economic viability for these communities, as well as a well-rounded complement of services and amenities for the people who live in them, the company also designs, builds and manages employment centers and retail/entertainment centers within them. Development in all of the company’s communities is balanced with significant permanent open space, community parks and neighborhood greenbelts. Large environmentally sensitive habitats are preserved in their natural state. Most of The Irvine Company’s land and property holdings are in Orange County, but the company also owns property in Los Angeles, San Diego and Silicon Valley. This portfolio includes approximately 400 office buildings; approximately 40 retail centers; approximately 90 apartment communities; two hotels, five marinas and three golf clubs. History: In 1864, James Irvine and two partners purchased the large ranch, which had been assembled through Mexican and Spanish land grants. In 1876, Irvine bought out his partners. In 1894, Irvine’s son, James Irvine II, incorporated the land holdings as The Irvine Company. For decades, the ranch was used for agriculture and grazing. But as urbanization continued to move south from Los Angeles County during the early 1960s, the company's directors announced plans to undertake a comprehensive planning effort that would guide the ranch’s future development. Through the years, the company's land holdings have diminished as homes have been sold and as land deemed sensitive for environmental or public recreational uses has been conveyed to governmental agencies to ensure preservation and public access. Today, approximately 44,000 acres remain under the company's stewardship. Conservation: For more than a century, The Irvine Company and its affiliate have made the conservation of its land—for both recreational purposes and the protection of ecologically sensitive habitats—a cornerstone of long-term planning on The Irvine Ranch. It began in 1897 with a gift of land to the County of Orange that became Irvine Regional Park. Since then, The Irvine Company has worked with municipalities, conservationists and resource agencies to permanently protect more than 50,000 acres of land on The Irvine Ranch through donations, land sales, development agreements and ballot measures. The result is a majestic network of public and private land that is protected forever as wilderness, greenbelts, parks and recreation areas. To ensure that there are sufficient financial resources available for the long-term management, preservation and restoration of the natural resources on The Irvine Ranch, and to facilitate accelerated public access to the lands, Irvine Company Chairman Donald Bren has made a $50 million commitment for land stewardship and open space conservation efforts in tandem with increased public access to the land. Offices: Corporate Headquarters: 550 Newport Center Drive, Post Office Box 6370, Newport Beach, CA 92658-6370. Phone: (949) 720-2000. Web Address: www.irvinecompany.com Organization: The Irvine Company's management structure is concentrated in two main operating groups: Irvine Community Development Company LLC, an affiliate responsible for planning and development of all for-sale residential housing communities on The Irvine Ranch and other land sales, and the Investment Properties Group, which is responsible for the development, marketing and management of the company's retail, office, apartment and resort properties. Supporting the operating companies are four corporate groups: Finance and Corporate Administration; Urban Planning and Design; Entitlement and Public Affairs and Corporate Communications. Irvine Community Development Company: Led by President Daniel Young, operations encompass the management responsibility for land development, infrastructure, residential construction and agriculture operations. Irvine Community Development Company comprises:
Finance and Corporate Administration: Led by Chief Executive Officer and Vice Chairman Michael McKee, who, with Chairman Donald Bren, comprises the company’s Operations Committee, to which each of the company’s divisional heads reports. Mr. McKee also oversees the company’s administrative, financial and legal affairs, including information technology, human resources, accounting, investments and legal counsel. Corporate Affairs: Led by Group Senior Vice President Tony Russo, this group oversees The Irvine Company’s federal, state and local corporate government relations. The group also leads the company’s Corporate Communications, Technology Advancement and Corporate Marketing groups, which direct communications planning, publications, media relations and internal employee communications. Urban Planning and Design: Led by Group Senior Vice President Robert Elliott, this group is responsible for long-range planning and design of all of The Irvine Company’s communities and properties. Investment Properties Group: Led by Group President Richard Gilchrist, the Investment Properties Group is responsible for development, marketing and management of The Irvine Company’s office, retail, resort and apartment properties located on The Irvine Ranch and in Silicon Valley, San Diego and West Los Angeles. The Investment Properties Group comprises:
Finance: Led by Chief Financial Officer Marc Ley, this group oversees the company’s finance, information technology, capital markets, treasury, and corporate reporting areas. |
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