Bill Shopoff

The former Westminster Mall is headed for new life as a mixed-use development from Irvine-based national developer Shopoff Realty Investments.

Bolsa Pacific, the planned replacement for the shopping center that closed last fall, will rise on 83.3 acres in Westminster, after Shopoff Realty acquired the remaining components of the mall site. The firm had patience, spending the last four years assembling parcels of property there. 

Founded in 1992 by Shopoff, Bill Shopoff Investments has been involved in nearly 8,000 deals worth over $27 billion as of 2022, according to Orange County Business Journal. 

Among them the redevelopment of an old Huntington Beach oil tank farm despite pushback from environmental groups and local residents concerned about its proximity to a landfill and fault line. 

Shopoff and his firm have drawn controversy over the years.

During Covid, the firm acquired a 5.25-acre site on the Las Vegas strip along with Contour Real Estate for a Dream Las Vegas development project. In August 2025 they sold the site following a legal settlement over millions in unpaid bills. 

In 2023 an Anaheim city investigation alleged that Shopoff used a lobbyist who had undue influence to push through a development project at Euclid and Lincoln Avenue. There were no definitive legal findings reported publicly against Shopoff. 

Bill Shopoff has been the subject of misconduct allegations. And he and his Shopoff Securities faced a Financial Industry Regulatory Authority enforcement matter in 2020 that was dismissed.

 — Lauren Elkies Schram