Hutton Companies

{{Short description|American real estate developer}}

{{Infobox company

| name = Hutton Companies

| logo = Hutton Companies Corporate Logo.gif

| type = Private

| industry = Real Estate Development

| foundation = Santa Ana, CA, U.S. ({{Start date and age |1977}})

| founder = Harold and Betty Hutton{{!}}Betty Hutton

| hq_location_city = Anaheim, California

| hq_location_country = United States

| area_served = Southern California

| key_people =

| products = Mixed-Use Development, multi-family residential, Government, Office, Retail Centers

| services = Development, Construction, Property Management

| num_employees =

| num_employees_year =

| parent =

| divisions = {{UBL |Hutton Development Company |Hutton Construction |Hutton Management Services }}

| website = {{URL|https://huttoncompanies.com/}}

}}

Hutton Companies is a Southern California real estate developer, 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.[http://www.huttoncompanies.com/about_us.htm Hutton Companies - About Us]. Hutton Companies. Retrieved 2009-06-18 Hutton Companies and its affiliates have owned, developed and managed a portfolio of more than {{convert|3800000|sqft|m2}} of commercial real estate and 2,400 units of multi-family residential in Southern California.

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 [http://www.carealestatejournal.com 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 {{convert|500000|sqft|m2}} of the companies' mixed-use master-planned community (Upland, California) under construction, totaling $152,000,000 in market value.California Real Estate Journal (06-26-09) [http://www.carealestatejournal.com/common/misc/topfirmframe.cfm?filename=REJ0526016.pdf "California's 2009 Leading Commercial Developers".][http://www.CARealEstateJournal.com California Real Estate Journal.] Retrieved 2009-06-18

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.[http://www.huttonfoundation.org/history.html Hutton Foundation - History.] Hutton Foundation. Retrieved 2009-06-18

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.Griffiths, Sir Eldon; Lessor, Roberta; Yeager, Myron (1998). The Hutton Story. Chapman University Press, Orange, CA. Retrieved 2009-06-18

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.[http://www.huttonfoundation.org/annual-report/president_msg.html Hutton Foundation - 2007 Annual Report.] Hutton Foundation. Retrieved 2009-06-18

=Philanthropy=

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.[http://www.chapman.edu/admission/news/news_story.asp?iNewsID=191&strBack=%2Fpubrel%2Fnews%2Fnews_archive.asp Betty Hutton Williams Medal] Chapman University. Additionally, author Lan Cao is currently Betty Hutton Williams Professor of International Economic Law at Chapman University.[https://www.chapman.edu/our-faculty/lan-cao Chapman University faculty biography]

"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.{{Cite web|date=2015-04-23|title=Say hello to "Betty the Panther," the newest Chapman mascot|url=https://news.chapman.edu/2015/04/23/say-hello-to-betty-the-panther-the-newest-chapman-mascot/|access-date=2021-07-27|website=Chapman Newsroom|language=en}}

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.{{Cite web |last=Crandell |first=Steven |date=2015-02-05|title=The Landlord Philanthropist|url=https://www.huffpost.com/entry/real-estate-philanthropy_b_6615226 |access-date=2021-07-27 |website=HuffPost |language=en}} 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.{{Cite web|title=The $100 Million Secret Step-by-Step Investment Guide by Tom Parker|url=https://huttonfoundation.org/the-100-million-secret-investment-guide/|access-date=2021-07-27|website=Hutton Foundation|language=en-US}} 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.{{Cite web|title=Capital and Multi-Year Grants Applications|url=https://huttonfoundation.org/capital-multi-year-grants-applications/|access-date=2021-07-27|website=Hutton Foundation|language=en-US}}

The Hutton Parker Foundation is headquartered at 15 East Carrillo Street, Santa Barbara, CA 93101{{Cite web|title=Contact Hutton Parker Foundation|url=https://huttonfoundation.org/contact-us/|access-date=2021-07-27|website=Hutton Foundation|language=en-US}}

Operations

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.[http://www.huttoncompanies.com/capabilities.htm Hutton Companies - Capabilities.] Hutton Companies. Retrieved 2009-06-18

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.[http://www.huttoncompanies.com/public_facility_developers.htm Hutton Companies - Public Facility Developers.] Hutton Companies. Retrieved 2009-06-18

Its clients were companies or public agencies requiring build-to-suit commercial or industrial property, prospective investors, and individual residential or commercial tenants.[http://www.huttoncompanies.com/docs/hutton_factsheet.pdf Hutton Companies Media Fact Sheet] Hutton Companies.Retrieved 2009-06-19

Flagship Projects

  • College Park, Upland/Claremont, CA

{{convert|40|acre|m2|adj=on}} 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.[http://www.reedconstructiondata.com/projects/1000395479/ College Park Mixed Use Center - Construction Project Case Study] Reed Construction Data. 2008.

  • Hutton Centre, Santa Ana, CA

{{convert|46|acre|m2|adj=on}} master planned mixed-use community near Orange County's John Wayne Airport.

With nearly {{convert|20000000|sqft|m2}} of professional office space with supporting retail and restaurants.[http://www.huttoncompanies.com/mixed_use.htm Mixed Use Developments - Hutton Centre] Hutton Companies.

= Public / Private Ventures =

{{convert|30|acre|m2}}, Headquarters facility for Los Angeles County Recorder and Registrar of Voters totaling {{convert|260000|sqft|m2}}.[http://www.huttoncompanies.com/docs/public_facility_developers_flyer.pdf Public Facility Developers/Privatization] Hutton Companies. Retrieved 2009-06-18

[http://www.ocsd.org/divisions/coroner/coroner_division/coroner_division_history Orange County Sheriff's Headquarters, Forensic Science Center], Environmental Management Agency, {{convert|380000|sqft|m2}}.

References