Orange County Business Journal: “Brandywine’s Record Year Defies National Trends”
Jun. 17, 2019
131-unit Riverdale community in northeast Long Beach helped propel 2018 sales
IRVINE BUILDER DOUBLED REVENUE IN 2018
By Katie Murar
Monday, June 17, 2019
Homebuilders faced a tale of two markets in 2018: strong demand in the first half of the year downgrading to a slowdown in latter months, challenging Orange County homebuilders both public and private.
But not Irvine-based Brandywine Homes, which posted its best year yet.
The privately held Southern California infill specialist exploited strong market conditions to close 161 homes—the most in the company’s 25-year history.
“The sales pace in the first half of 2018 was so great we were able to speed up production of those homes,” said Dave Barisic, vice president of sales and marketing and son of founder Jim Barisic.
The family-owned firm had $125 million in revenue last year—more than double the $60 million a year before and a surge that earned Brandywine a spot—No. 100—on the Business Journal’s annual list of private companies for the first time ever.
Read more at OCBJ.com
