Jump to content

Hutton Companies

Add links
From Wikipedia, the free encyclopedia
Hutton Companies
Company typePrivate
IndustryReal Estate Development
FoundedSanta Ana, CA, U.S. (1977 (1977))
FounderHarold and Betty Hutton|Betty Hutton
Headquarters
Anaheim, California
,
United States
Area served
Southern California
ProductsMixed-Use Development, multi-family residential, Government, Office, Retail Centers
ServicesDevelopment, Construction, Property Management
DivisionsHutton Development Company, Hutton Construction, Hutton Management Services
Websitewww.huttoncompanies.com

Hutton Companies is one of Southern California's leading real estate developers, based in Anaheim, California, United States. Founded in 1977, the Hutton Companies build mixed-use, government, multi-family residential, office, retail and light industrial properties.[1] Hutton Companies and its affiliates have owned, developed and managed a portfolio of more than 3,800,000 square feet (350,000 m2) of commercial real estate and 2,400 units of multi-family residential in Southern California.[1]

Collectively, Hutton Development Company, Hutton Management Services, and Hutton Construction make up the Hutton Companies, representing the three H's in the companies' corporate logo.

As of May 2009, Hutton Development Company ranked as the 8th largest commercial developer in California by the California Real Estate Journal's list of "California's 2009 Leading Commercial Developers" (ranked by total square footage of properties under development as of Jan.1, 2009). At the time of publish, Hutton had 500,000 square feet (46,000 m2) of the companies' mixed-use master-planned community (Upland, California) under construction, totaling $152,000,000 in market value.[2]

History

[edit]

The Hutton Companies were founded by the late Mrs. Betty Hutton after the death of her husband, legendary entrepreneur and chemist, Harold Hutton in 1977. In 1939, the Huttons founded Refining Associates, a chemical engineering firm making special lubricants and fuels. Together, the Huttons developed oil fields throughout South East Asia after the Second World War and worked closely with Pertamina, the national oil company of Indonesia.[3] After Harold's unexpected death in 1975 in Indonesia, Mrs. Hutton liquidated her international oil interests and returned home to Villa Park, CA, in Orange County, California.[4]

During the late 1970s, Hutton was primarily a venture capitalist and private equity partner in numerous real estate developments throughout the state of California. By the end of the 1970s, Hutton had evolved into a full service real estate development company and land owner.[3]

In 1985, Mrs. Hutton retired from Hutton Companies to pursue her philanthropic work with her non-profit foundation. Today, the Hutton Foundation has approximately $100,000,000 in endowment and donates millions annually to the arts, health care, education, and civic causes.[5]

Philanthropy

[edit]

Mrs. Hutton was a generous benefactor of education and children causes. Chapman University has recognized Hutton's generosity by naming several of its facilities after Hutton, including the Harold Hutton Sports Center and the Betty Hutton Williams Colonnade. The Betty Hutton Williams Medal, established in 1994, is the highest academic honor given to a Chapman University business or economics student.[6] Additionally, author Lan Cao is currently Betty Hutton Williams Professor of International Economic Law at Chapman University.[7]

"Betty the Panther"- The statue – depicting a panther leaping up to try to capture an eagle — is named in honor of the late philanthropist and longtime Chapman supporter Betty Hutton Williams. The particularly athletic leap of the university mascot is emblematic of Williams’ indomitable support and enthusiasm for Chapman, President Jim Doti said during the dedication.[8]

The California-based Hutton Parker Foundation owns and operates 16 nonprofit office buildings (15 in Santa Barbara County) - with nearly 100 nonprofit tenants. The rents are below-market, but the cash flow brings liquidity to the foundation, helping to fund a total of more than $50 million in grants. Unlike many foundations, Hutton Parker makes most of these grants for operating expenses - not new programs.[9] The $100 Million Secret (Kele Books). It is an easy-to-follow blueprint of a unique, but stunningly simple and safe way of investing in local real estate for nonprofit use that produced more than twice the amount of income of traditional Wall Street investments.[10] Hutton Parker Foundation funds Capital and Multi-Year Grants on a very limited basis. Applications for Capital Grant Funds and/or Multi-Year Grant funds are by invitation only. Capital and Multi-Year funding is limited to organizations located in Santa Barbara County, California. If awarded, grants range from $50,000 – $500,000.[11]

The Hutton Parker Foundation is headquartered at 15 East Carrillo Street, Santa Barbara, CA 93101[12]

Company Overview

[edit]

As a long-term investment company, as well as a developer, Hutton acquires land, develops plans, secures entitlements, arranges financing and manages the construction of projects, primarily for its account and at times in conjunction with select partners or institutions.[13] In addition to master-planned business communities and luxury apartments, Hutton is known for providing turnkey facilities for public agencies including development, property management and the ability to arrange entire financing packages.[14]

Client Base

[edit]

Companies or public agencies requiring build-to-suit commercial or industrial property, prospective investors, and individual residential or commercial tenants.[13][15]

Flagship Projects

[edit]
  • College Park, Upland/Claremont, CA

40-acre (160,000 m2) master planned mixed-use community. Featuring approximately 100 single-family homes, 448 luxury apartment homes and an integrated neighborhood retail center adjacent to the Claremont Colleges.[16]

  • Hutton Centre, Santa Ana, CA

46-acre (190,000 m2) master planned mixed-use community near Orange County's John Wayne Airport. With nearly 20,000,000 square feet (1,900,000 m2) of professional office space with supporting retail and restaurants.[17]

Public / Private Ventures

[edit]

30 acres (120,000 m2), Headquarters facility for Los Angeles County Recorder and Registrar of Voters totaling 260,000 square feet (24,000 m2).[18]

Orange County Sheriff's Headquarters, Forensic Science Center, Environmental Management Agency, 380,000 square feet (35,000 m2).[18]

References

[edit]
  1. ^ a b Hutton Companies - About Us. Hutton Companies. Retrieved 2009-06-18
  2. ^ California Real Estate Journal (06-26-09) "California's 2009 Leading Commercial Developers".California Real Estate Journal. Retrieved 2009-06-18
  3. ^ a b Griffiths, Sir Eldon; Lessor, Roberta; Yeager, Myron (1998). The Hutton Story. Chapman University Press, Orange, CA. Retrieved 2009-06-18
  4. ^ Hutton Foundation - History. Hutton Foundation. Retrieved 2009-06-18
  5. ^ Hutton Foundation - 2007 Annual Report. Hutton Foundation. Retrieved 2009-06-18
  6. ^ Betty Hutton Williams Medal Chapman University.
  7. ^ Chapman University faculty biography
  8. ^ "Say hello to "Betty the Panther," the newest Chapman mascot". Chapman Newsroom. 2015-04-23. Retrieved 2021-07-27.
  9. ^ Cr, Steven; ell; ContributorWriter (2015-02-05). "The Landlord Philanthropist". HuffPost. Retrieved 2021-07-27. {{cite web}}: |last3= has generic name (help)
  10. ^ "The $100 Million Secret Step-by-Step Investment Guide by Tom Parker". Hutton Foundation. Retrieved 2021-07-27.
  11. ^ "Capital and Multi-Year Grants Applications". Hutton Foundation. Retrieved 2021-07-27.
  12. ^ "Contact Hutton Parker Foundation". Hutton Foundation. Retrieved 2021-07-27.
  13. ^ a b Hutton Companies - Capabilities. Hutton Companies. Retrieved 2009-06-18
  14. ^ Hutton Companies - Public Facility Developers. Hutton Companies. Retrieved 2009-06-18
  15. ^ Hutton Companies Media Fact Sheet Hutton Companies.Retrieved 2009-06-19
  16. ^ College Park Mixed Use Center - Construction Project Case Study Reed Construction Data. 2008.
  17. ^ Mixed Use Developments - Hutton Centre Hutton Companies.
  18. ^ a b Public Facility Developers/Privatization Hutton Companies. Retrieved 2009-06-18
Retrieved from "http://en.wiki.x.io/w/index.php?title=Hutton_Companies&oldid=1217856096"