Type Private Founder Betty Hutton | Area served Southern California Founded 1977 | |
Industry Real Estate Development Headquarters Orange County, California, U.S. Products Mixed-Use Development, multi-family residential, Government, Office,
Retail Centers Services Development, Construction, Property Management | ||
Hutton Companies is one of Southern California's leading real estate developers, based in Orange County, California, United States. Founded in 1977, the Hutton Companies build mixed-use, government, multi-family residential, office, retail and light industrial properties. 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.
Contents
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 College Park (Upland, California) under construction, totaling $152,000,000 in market value.
History
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. 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.
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.
In 1985, Mrs. Hutton retired from Hutton Companies to pursue her philanthropic work with her non-profit foundation: The Hutton 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.
Philanthropy
Mrs. Hutton was a generous benefactor of education and children causes. Chapman University has recognized Hutton's generosity by naming several of their 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. Additionally, Timothy A. Canova is currently Associate Dean for Academic Affairs and Betty Hutton Williams Professor of International Economic Law at Chapman University.
Company Overview
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. 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.
Client Base
Companies or public agencies requiring build-to-suit commercial or industrial property, prospective investors, and individual residential or commercial tenants.
Flagship Projects
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.
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.
Public / Private Ventures
30 acres (120,000 m2), Headquarters facility for Los Angeles County Recorder and Registrar of Voters totaling 260,000 square feet (24,000 m2).
Orange County Sheriff's Headquarters, Forensic Science Center, Environmental Management Agency, 380,000 square feet (35,000 m2).