Santa Ana opens $ 25 million Grace Gardens memory care facility – Orange County Register

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Grace Gardens, a $ 25 million two-story memory care facility for Town & Country in Santa Ana, completed and open to new residents.

CW Drivers Cos. Was the developer of a 50,564 square foot facility that is part of the religious nonprofit Town & Country at 501 East Memory Lane. Grace Gardens has 48 private and semi-private studio apartments, divided over four blocks for the specific cognitive needs and preferences of residents. A deposit of US $ 3,500 is currently required to book an apartment.

Each area has a living room, a large room, and a therapeutic kitchen where residents can cook and dine together. There is also a 3,000 square foot central garden, sun terrace, bistro, quiet rooms, beauty salon, study rooms, lounges and a media room.

“Housing for people with cognitive impairments requires additional protection and security, which we have successfully used for this niche type of project, working closely with the Orange County Fire Department to support emergency exits during construction and adapt to the COVID-19 protocol without missing a niche … one day, “said Andy Feth, project manager for CW Driver, in a statement.

Grace Gardens also has an underground garage with 52 spaces for residents and visitors. Standard staff offices, medical records room, and conference rooms are part of the administrative premises.

CW Driver worked with architecture firm Hochhauser & Blatter Architecture & Planning to complete the project.

For more information about the object, go to gracegardensmemorycare.org or call 714-547-7581.

24-apartment complex in Santa Ana sells for $ 5.5 million

According to Marcus & Millichap, the Standard Avenue apartments in Santa Ana sold for $ 5,580,000 or $ 232,500 per apartment.

The 14,776 square foot residential complex at 1013 and 1017 S. Standard Ave. has 24 apartments with one bedroom and one bathroom.

Greg Bassirpu represented an unidentified seller at Marcus & Millichap’s Newport Beach office. The buyer’s name was not disclosed.

Los Alamitos apartments sell for $ 4.5 million

According to Marcus & Millichap, Howard Avenue apartments in Los Alamitos were sold for $ 4,500,000 or $ 450,000 per apartment.

This was the first time a 10-apartment building had been purchased by the owners since it was built in 1985.

“In addition to its excellent location and being in the award-winning Los Alamitos Unified School District, the buyer was able to benefit from the opportunity to acquire a well-maintained property that offers good rental growth potential,” said Greg Bussirpu of Millicap’s Marcus & Office at Newport Beach.

The 10,639 square foot complex at 3962-3970 Howard Ave. consists of nine apartments with two bedrooms and one apartment with three bedrooms.

Valvoline Real Estate Sells for $ 3 Million

According to the Kidder Mathews Walseth Net Leased group, a single tenant property occupied by Valvoline at 400 East 17th Street in Costa Mesa was sold for $ 3,109.00.

The buyer was Henley Enterprises, a Massachusetts user-owner, listed on Exchange 1031, which represented itself. The unidentified seller was represented by Michael Walset, executive vice president of Kidder Mathews.

The 902 square foot building is located on 0.22 acres at the intersection of 17th Street and Tustin Avenue.

The same team at Kidder Mathews recently completed a $ 5.95 million 7-Eleven sale at 1920 Balboa Boulevard in Newport Beach and a $ 5.33 million Circle K sale at Harbor Pacific Court at 2346 Newport Blvd in Newport. Beach.

Nuveen invests in IE

Nuveen Real Estate of Newport Beach purchased a 236,700 square foot industrial building in Ontario on an undisclosed basis.

The seller was the building owner Myers Power Products, a manufacturer of low voltage power equipment. According to Chris Migliori, executive vice president of DAUM Commercial, the company will return the property on lease.

“The tenant has invested significant capital in the property over the past 12 years of ownership and use, so it is ideally suited to support all of the company’s manufacturing facilities, including metal fabrication, state-of-the-art paint systems, assembly and other integration and testing,” Migliori said in a statement.

Myers has signed a five-year lease agreement with Nuveen with a triple net lease, he said.

Property at 2950 E. Philadelphia St. is located on 12 acres and has two oversized loading doors at floor level, 35 cargo positions at dock height, 155ft truck deck, 4000 amps and a fenced yard.

Bascom buys Florida complex for $ 80 million

The Irvine-based Bascom Group bought a 405-unit apartment complex in Lauderhill, a neighborhood in Fort Lauderdale, Florida, for $ 79,250,000 or $ 195,679 per apartment.

The Sunny Lake Apartments were acquired through Bascom’s partnership with East Hill Capital’s Duff Bedrosian. This is Bascom’s third purchase in Florida.

“MSA in Fort Lauderdale has a strong multi-family base and is well positioned for continued economic growth,” said Jim Singleton, senior vice president of Bascom. “The market has seen double-digit growth in rents, as well as an increase in the cost of housing by more than 30% year on year.”

The Bascom team said it plans to modernize the interiors and common areas at Solnechnoye Lake.

New office on the beach

Surterre Properties has opened an office at 34183 Pacific Coast Highway, Suite B, in Dana Point.

The brokerage company was founded in 2006 and has 300 agents and employees working in offices including in Laguna Beach and Newport Beach.

For more information go to SurterreProperties.com

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 sgowen@scng.com… Please allow at least a week to post. All elements must be edited for clarity and scope.

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