Real estate news: New apartments in Santa Ana run $6,500 for 3 bedrooms – Orange County Register
Broadstone Archive, a 403-unit luxury rental complex in Santa Ana, has opened for renters and units come with a hefty price tag.
Orange-based architecture firm AO and Alliance Residential announced the community’s debut last week.
Rents for the apartments range from $3,713 for a studio to $6,469 for a three-bedroom unit, according to its website. Floorplan options include a mix of studio, one-, two- and three-bedroom apartments from 598 to 1,470 square feet.
For the money, tenants can enjoy amenities not found in most apartment complexes such as a karaoke studio and a Formula 1 simulator.
The five-story building at 1901 E. Dyer Road is the second of three apartment complexes developed in Park & Paseo, an 18-acre master-planned community that ultimately will have 1,221 units, 18,000 square feet of retail space and 56,000 square feet of office space when complete.
Broadstone Arden, a 335-unit luxury complex, opened in March 2020, and Broadstone Atlas, a 483-unit building is under construction with completion expected in summer 2022.
Other amenities include communal and private co-working spaces, a rooftop terrace with fireplace, a clubroom with full kitchen, multi-level bar lounge, outdoor kitchen and dining, Crossfit-style fitness center and basketball courts.
Newport Beach-based Landsea Homes has opened its first in-house design center at the company’s Irvine headquarters.
The studio and showroom allow Landsea’s homebuyers to choose from multiple design options from a variety of brands.
Homebuyers at the IronRidge and ShadeTree communities have access to the design studio as part of the homebuying process. The center offers buyers a preview of cabinetry, countertops, tile and stone flooring, hardwood flooring, carpet, plumbing fixtures, lighting, paint colors and door hardware.
Customers in the homebuying process can make appointments to tour the design studio in-person as well as virtually. For more information go to landseahomes.com or call 949-345-8080. Address: 7525 Irvine Center Dr. Suite 200.
Community building complete
C.W. Driver Companies has completed the $32 million, 30,000-square-foot Crown Valley Park Community Building in Laguna Niguel.
The center, along with a pool, has common spaces, classrooms and fitness areas for residents. C.W. Driver Cos. said the previous community building was demolished and replaced. The project also marks the final phase of a three-tier improvement plan for Crown Valley Community Park.
Additional projects that wrapped up in this last phase included exterior enhancements to the existing YMCA building; a complete renovation of the existing community pool, surrounding pool deck and its facility amenities; and a realignment of the main drive and parking area. The outdoor festival area also got a facelift.
C.W. Driver Cos. partnered with the city and architecture firm LPA Inc. on the project.
Smart & Final property sells for $11.3M
A single-tenant, net lease Smart & Final Extra! property in Stanton has sold for $11.3 million, according to Corona Del Mar-based Hanley Investment Group Real Estate Advisors.
The 30,476-square-foot structure built in 1974 and remodeled in 2008 sits on 2.55 acres at the intersection of Katella and Knott avenues.
Eric Wohl along with president Ed Hanley and associate CJ Kiehler at Hanley represented the seller, 7050 Katella Avenue LLC.
The brokerage said one of the primary investors and managing member of the LLC was The Altemus Co. based in West Los Angeles. The buyer, a private investor from Los Angeles, was represented by Oliver Wang of RE/MAX Premier Properties in Arcadia.
Tech center sells for $22.4M
Newport Beach-based MIG Real Estate has acquired Gateway Technology Commerce Center, a newly built, Class A multi-tenant industrial warehouse in Mesa, Arizona, for $21.4 million.
MIG was represented by Cushman & Wakefield.
The seller of the two-building project was Phoenix-based Orsett Properties, the original developer of the property. It was built in 2019 and was 90% leased to ﬁve tenants, according to Cushman & Wakefield.
Steve Lindley, Eric Wichterman and Will Strong with Cushman & Wakefield in Phoenix represented the seller in the transaction. Ken McQueen and Chris McClurg with Lee & Associates provided leasing advisory.
Leases renewed in Irvine
Two leases valued at $2.8 million have been renewed at a 44,253 square-foot industrial building at 15041 Bake Parkway in Irvine, according to Voit Real Estate Services.
The leaseholders are Areo Inc., based in Laguna Beach, and GadgetFix in Irvine. The lessor, Buckhead Phoenix LP, is based out of Atlanta was represented by Gregg Haly of CBRE.
People in real estate
Ken Kladouris, president and partner at Platinum Wealth Group in Orange, has joined the board of directors at CREW Orange County, a nonprofit for commercial real estate professionals. The organization provides opportunities for networking, education, leadership development and philanthropic involvement. The organization has active chapters in over 75 markets with over 12,000 members globally.
Chief Executive Officer Zachary Stangle at Veteran Builders, a custom home builder and remodeler in Newport Beach, has been appointed to the building and space committee of the Family Assistance Ministries. At age 29, he will serve as the youngest board member in the nonprofit’s history. FAM in San Clemente is a faith-based organization that provides services and resources for homeless women and young children.
The deadline for homeowners to apply for California’s Property Tax Postponement program for the 2020-21 tax year is Feb. 10, according to State Controller Betty T. Yee.
Each PTP applicant must submit a completed application and copies of their 2020-21 property tax bill, photo identification, ownership deed, and 2019 federal tax return. A checklist in the application packet and instructions will show if individual circumstances require additional documentation.
Applications and additional program details are online at sco.ca.gov/ardtax_prop_tax_postponement.html or by calling 800-952-5661.
Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at email@example.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.
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