The recently opened second round is accepting applications for a small collection of low-cost homes in Brea.
West Village apartments include 20 ‘stacked’ apartments across from Central Park in northwest Brea. Prices start at $ 320,000 and go up to $ 500,000, with all units for buyers with approved income.
The builder and the city decided to postpone the buying process, which was first launched at the end of January, and have since expanded income requirements by about $ 4,000-5,000 to broaden the pool of applicants.
The Trumark Homes project includes three one-bedroom apartments for sale at $ 320,000, seven two-bedroom apartments for $ 420,000, and 10 three-bedroom apartments for $ 500,000. Condominium-style houses are stacked on top of garages and ground floor apartments. More information is available on the website bit.ly/3qVpBuK…
Applicants must earn a maximum of $ 102,450 in 2021 for a family of two and $ 128,050 for a family of four. according to the city website…
Eight floor plans range from 791 square feet to 1,624 square feet with all homes including walk-in closets, washer / dryer, outdoor deck, and direct garage access.
Calling for applications officially resumed on 12 July.
For more information go to bit.ly/3hO4DMZ
Santa Ana campus sold for $ 43 million
The Santa Ana business park was sold to a Chinese holding company for nearly $ 43 million, according to Newmark Knight Frank.
The six-building office complex on East Deere Avenue in 1920, 1924, 1928, 1932, 1936 and 1940, now called AD / 6 and formerly Deere Alton Business Park, sold for $ 42.8 million. The 188,714-square-foot campus is 87 percent leased, Daum said.
The buyer was Henghou Investment Holding Inc., based in Zhejiang, China.
Kevin Shannon, Paul Jones, Sean Fulp, Mark Schuessler and Brandon White of Newmark represented the seller, Preylock Holdings.
3 coffee shops to go, please
A Southern California investor sold the Starbucks leased property in Culver City and bought two other Starbucks properties in different states that are part of a 1031 exchange run by Hanley Investment Group Real Estate Advisors in Corona del Mar and Enduring Real Estate in San Diego.
Hanley said the total sales were about $ 10 million.
Culver City had no carriageway, as did two newly built homes in Ocale, Florida and Alexandria, Louisiana.
In the past 24 months, Hanley Investment Group has said it has sold or escrowed 31 Starbucks properties in the United States.
Industrial Sale at Surf City
A 12,000-square-foot industrial building leased to collision repair operator Service King in Huntington Beach sold for $ 3.65 million.
DAUM Commercial Real Estate Services represented the seller and found an unidentified buyer.
Property at 18302 Gothard St. is located on an area of just over half an acre.
Birtcher paves the way for a mega IE hub
Newport Beach-based Birtcher Development has built a 125-acre Birtcher Oak Valley Commerce Center in Kalimise in Riverside County.
The firm said it is keeping a close eye on the hot industrial market in the Inland Empire as the center targets “large tenants with storage and distribution needs.”
The four Class A industrial buildings in the complex will cover an area of nearly 2.2 million square feet. The project is adjacent to I-10 and close to Redlands, which also houses distributors including Amazon and XPO Logistics.
“We are optimistic about the growth of Oak Valley I-10 corridor given its strategic location just outside Redlands and its deep, untapped job market,” said Brooke Bircher Gustafson, managing director of Birtcher Development.
The seller, executives of Oak Valley Development Co., has owned the property since 1997 and received the rights to the project earlier this year.
QuadReal Property Group is a joint venture partner.
On my way
Christy Goshaw is the new Chief Commercial Officer of KSL Resorts in Irvine. She takes office following the retirement of former KSL Resorts commercial director Jeff Senor, who oversaw the transformation of the former St. Regis of Orange County at Dana Point at Monarch Beach Resort. Goshaw has 20 years of experience in the hospitality industry and most recently served as Chief Marketing Officer for Preferred Hotels & Resorts. There she was responsible for brand strategy, strategic partnerships, global merchandising and digital marketing.
Jim Madrid is the new head of the McCarthy Building Co.s Southern California office in Newport Beach. He was tasked with managing the commercial business unit. The company said that Madrid, over 37 years in the construction industry, has contributed greatly to some of McCarthy’s most successful projects. Previously, he ran the offices of Kinetics and Southland.
Real estate deals, leases and new projects, industry hires, new ventures and upcoming events compiled from press releases from writer Karen Levin. Email High Resolution Objects and Photos to Business Editor Samantha Gowen at firstname.lastname@example.org… Please allow at least a week to post. All elements are subject to editing for clarity and scope.