PRINCIPAL TRANSACTIONS

BAYSIDE PARK, CORONA DEL MAR, CA

SITUATION

Sourced an off market opportunity to acquire an iconic waterfront office project within Fashion Island – Newport Beach/Corona Del Mar area.

ACTION

Created partnership with the projects largest tenant to stabilize the rent roll as a hedge against future vacancy and retaining costs for nearly 30% of the project.

RESULTS

Successful purchase at a historically low basis with the opportunity to add tremendous value thru rebranding and repositioning of the project.