With all the news of the collapse of high end real estate, it’s comforting to see some intrepid investors bucking the trend. Sure, they may lose their shirts, but more power to them for giving it a shot.

Farallon Capital Management, a well known San Francisco-based hedge fund, is bankrolling a stalled project to develop 1,600 acres of land in Orinda into high-end homes. According to the San Francisco Chronicle, Farallon plucked the developer, OG Property Corp, out of insolvency and is looking to bring “Wilder” back from the dead.

According to Steve Millham, Managing Member with Farallon,

“In any economy, Orinda is at the top of a short list of truly exceptional placrs to live and raise a family in the San Francisco Bay Area. We have always had confidence in the long-term value of Wilder.”

We at Cirios wish you luck sirs.

How does Orinda stack up against neighboring Lafayette? Check out this anaylsis by Cirios Real Estate.

Looking for great schools, rolling hills, big lots and a quick BART ride to the city?

Orinda and Lafayette, two of the most desirable towns in the East Bay, have all this and much more. Home prices remain in a downward trend, to be sure, but inherent desirability and established neighborhoods should keep these two from falling off a cliff, even as their high-end brethren around the Bay Area feel the pain of an tight jumbo loan market.

The graph below shows price per square foot for homes with 1200-2500 square feet, pretty middle of the road for these areas. Once you get above 2500 sqft, you start losing your marginal price per square foot and comparisons with smaller homes start to lose meaning.

What did that mean? Read more about Price per Square foot here.

Want to find out more about these two towns? Contact Cirios Real Estate today!

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