Palm Terrace, a 155,795-square-foot Class A office campus with three two-story buildings, was sold for $ 40.45 million to Lake Forest.
Newmark Knight Frank negotiated the sale on behalf of the seller, Bailard Real Estate Fund. The buyer, Kingsbarn Real Estate Capital, represented itself.
The property located at 25521, 25531 and 25541 Commercentre Drive is almost fully leased to Del Taco, PGM Holdings, Hometown Equity, Citadel Servicing and Any Home Home.
Amenities include new landscaping, outdoor common space and yard, and energy efficient lighting.
Jay Nugent and Greg Puccinelli of Newmark are the campus rental agents.
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Start of work at the Irvine school
CW Driver Cos. began construction on Solis Park School, a K-8 school in the Irvine Unified School District.
Solis Park, in District 5 of the Great Park neighborhoods, will have seven buildings over 103,000 square feet that can accommodate 1,000 students living in the community of Rise and other upcoming neighborhoods in the Heritage Fields development.
In addition to a nursery for faculty and staff, the school will have a full gymnasium, an administrative building, a multipurpose room, laboratories, classrooms, a commissary and ‘a parking.
CW Driver Cos. expects the project to be completed in time for the opening of the 2022-2023 school year.
The builder is in partnership with PJHM Architects on the project.
Cushman & Wakefield has added an assessment team to its Irvine office. The four-member team includes Daniel J. Sydor, Executive Director, Randy Fitch, Senior Director, Heather Cotton, Associate Director, and Gabrielle Maddocks, Evaluator. The team will focus on valuing retail commercial real estate throughout California and other major Southwestern metropolitan areas.
Enrique Ceniceros has joined Taylor Design as Director of the Science and Technology Studio. His specialty, with 28 years of experience, is the adaptation of commercial and historical structures into modern research and manufacturing facilities. Its projects have included educational research and learning environments, biopharmaceutical facilities, biomedical R&D laboratories, commercial R&D facilities, manufacturing facilities and engineering laboratories. Ceniceros was previously the regional science and technology manager for HOK in Los Angeles.
Regina VanderWerff joined Sundt Construction as a Business Development Representative in their Irvine office. She will support district leaders in client engagement and community relations. She has seven years of business development experience across Southern California with experiences in hospitality, senior housing, K-12 education, higher education, science and technology, office, civics, aviation and affordable housing.
Eric Lockwood was promoted to Design Director for Tangram Technology at Tangram, a Newport Beach-based interior commercial and workspace design company. He has some 27 years of technology consulting experience and will focus on innovation and design customization for clients. Lockwood clients include the Writers Guild of America, Chapman University, and CoreLogic.
SVA Architects in Santa Ana has won four Gold Nugget 2021 Merit Awards. The company has received Gold Nugget Honors every year since 2015 for performing arts center projects, multi-family, affordable and student housing projects.
The 2021 SVA Gold Nugget Merit Awards include:
- Woodbridge High School Performing Arts Center (Irvine) – Best Special Purpose Project
- Fruitvale Transit Village Phase IIB (Oakland) – Best Affordable Housing Community on Council
- The Reserve at Seabridge Marina (Oxnard) – Best Multi-Family Housing Community
- San Diego State University South Campus Plaza (San Diego) – Best accommodation for students or faculty
The 58th competition attracted over 600 entries from around the world.
LPA Design Studios in Irvine has named its first recipients of a scholarship program for students in historically under-represented demography pursuing a degree in architecture, engineering, interior design, or landscape architecture.
The program aims to provide long-term financial assistance and mentorship to beneficiaries, LPA said in a statement.
The LPA’s Interdisciplinary Scholarship Program awarded five high school students in California (2) and Texas (3) $ 5,000 scholarships, renewable for four to five years, depending on the degree. The two California winners will attend UC Berkeley and San Jose State University.
In addition to financial aid, students will be matched with LPA designers as mentors with the option of paid summer internships at LPA.
“This scholarship program reflects our greater efforts to support a more diverse generation of professionals who will help foster a greater design perspective,” said Wendy Rogers, CEO and Director of Talent at LPA Design Studios. “We are committed to advancing the diversity, equity and inclusion of the disciplines of architecture, design and engineering. “
Real estate transactions, leases and new projects, industry hires, new businesses and upcoming events are compiled from press releases from editor Karen Levin. Email high-resolution articles and photos to Business Editor Samantha Gowen at email@example.com. Please allow at least a week for publication. All elements are subject to change for clarity and length.