Longtime Developer Relocates HQ

ORANGE, CA-The R.C. Hobbs Co., a development firm based in Orange County for nearly 30 years, has moved its corporate offices to the $5 million Atrium Professional Centre, which it bought earlier this year and has renovated extensively. Hobbs is occupying a portion of the building, which is at 1110 E. Chapman Ave., and is leasing the remainder to other tenants.Hobbs, which was located at 1430 E. Chapman Ave. in Orange before moving to the new building, was founded in 1976 by Roger C. Hobbs, who recently contributed $10 million to Chapman University to establish a real estate instituted. The new Hobbs headquarters is a 20,000-sf, two-story facility that is 90% leased. Other tenants at the building include Century American Development Corp., a Hobbs company, along with several medical and professional firms.Hobbs has acquired, developed and managed more than $1 billion in office, retail, industrial and residential projects. The firm specializes in land acquisition, entitlement and development of residential and commercial properties primarily in Riverside and San Bernardino counties.The new Chapman institute founded with the Hobbs donation is called the Roger C. Hobbs Institute for Real Estate, Law and Environmental Studies. It was announced in September along with a $3 million gift from Helen Hoag that establishes the C. Larry Hoag Center for Real Estate and Finance at the institute.Hobbs will serve as executive director of the institute, which the university says will emphasize legal and environmental studies as well as business courses. Its goal will be to develop real estate industry leaders who will bring “a well-rounded, ethical vision and practice to the industry,” Chapman says.