The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 28, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Santa Ana Site Ground-Leased for Affordable Housing Development


In news of a large affordable housing transaction out of Orange County, a venture consisting of Alexis Gevorgian of AMG & Associates LLC, The Pacific Companies and Jamboree Housing, agreed to a 99-year ground lease for a 6.84-acre development site in Santa Ana. The deal was valued at $287 mil.

The ground lease incudes three parcels located at 2110, 2114 and 2020 East 1st St, in a densely populated region of Central Orange County. The buyer will develop two six-story buildings comprised of 552 workforce housing units and approximately 10k sf of ground-floor retail space.

Once complete, the project will be one of the largest affordable housing projects in the State of California. Construction is expected to commence approximately four months from now.

David Knowlton, SIOR, CCIM and Senior Vice President Kirby Greenlee with NAI Capitalís Irvine office represented the lessor, Broomell Commercial Properties.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media