Irvine Firm Plans $500-million Resort in Huntington Beach

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An Irvine-based real estate firm has acquired nearly 30 acres in Huntington Beach and intends to redevelop the property into a resort and commercial and residential offerings.

Shopoff Realty Investments acquired the 28.6-acre parcel near Magnolia Street and Banning Avenue for $26.5 million, the company said in a news release.

Read more from our source: Daily Pilot

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