News
Newport Coast manse finds buyer after nearly $20M in price cuts
4+ hour, 8+ min ago (810+ words) A Tuscan-style mansion in Newport Coast, complete with an eye-catching pool design, just fetched $30 million." An unidentified buyer has purchased the 13,206-square-foot manse at 36 Pelican Crest Drive, Mansion Global reported. The half-acre property first hit the market last July with…...
Newport Beach pols approve historic theater demolition for Related condo towers
2+ week, 1+ day ago (413+ words) City's ultimate housing production fate lies in hands of voters A theater with more than a half-century of history in Newport Center could soon become rubble." The Newport Beach Planning Commission approved a plan for a development from Related California…...
Alexandria posts $1B loss as lab glut deepens, asset sales loom
2+ mon, 5+ day ago (466+ words) Life sciences REIT flags more pain after brutal year for biotech real estate Alexandria Real Estate Equities" rough ride through the life sciences downturn isn"t over yet. The country"s largest lab landlord reported on Tuesday a nearly $1.1 billion…...
YMCA wants to expand Newport Beach campus, add 135K sf of senior housing
2+ mon, 1+ week ago (143+ words) 105 units, amenities for all ages planned for 4-acre site The YMCA is looking to revamp a 4-acre site next to the Back Bay in Newport Beach." The Y submitted a preliminary application to the city of Newport Beach to renovate…...
Naftali, Blavatnik score $525M in construction loans for Williamsburg Wharf
3+ mon, 2+ week ago (488+ words) Miki Naftali and Len Blavatnik snagged $525 million in construction loans for their waterfront megaproject in Williamsburg. JP Morgan Chase and GoldenTree Asset Management agreed to back the second phase of the massive Williamsburg Wharf project, the developers announced on Thursday....
Alexandria Real Estate Equities hit with class action lawsuit
4+ mon, 1+ day ago (341+ words) Shareholder accuses life sciences player of misleading investors Life sciences developer Alexandria Real Estate Equities misled investors regarding its property portfolio, according to a class action lawsuit filed against the company. A shareholder launched the litigation against Alexandria last week…...
Newport Beach voters to determine state-mandated housing plan’s fate
4+ mon, 1+ week ago (596+ words) Newport Beach residents are going to get a say in their city's state-approved housing plan and choose whether to slash the number of homes slated to rise in the ritzy coastal enclave." The initiative is headed to the November 2026 ballot…...
Alexandria seeks to expand AI portfolio in SF’s Mission Bay
5+ mon, 1+ week ago (345+ words) Developer pitches conversion of biotech labs to offices in response to tech client demand The artificial intelligence boom is driving a major transformation in San Francisco's Mission Bay, with Alexandria Real Estate Equities seeking city approval to convert 518,000 square feet…...
Cress Capital spends $41M on discounted Newport Beach office
6+ mon, 3+ week ago (396+ words) Western Alliance Bank seized 215K sf property in foreclosure earlier this year Cress Capital has added a discounted office building in Newport Beach to its collection." The Newport Beach-based real estate company bought the 215,000-square-foot building at 1301 Dove Street for $41 million,…...
Penthouse nabs ppsf record in East Williamsburg
7+ mon, 2+ week ago (393+ words) Unit in boutique project traded for $3.1M, or $1.9K psf, in rising market" A penthouse snagged a new record price per square foot in East Williamsburg." The condo at 28 Herbert Street sold for $3.1 million, or $1,925 per square foot, according to documents reviewed…...