Office-to-Life Science Conversions: High Demand, Lower Cost, Faster Delivery
Given a marked flight-to-quality and declining demand for office space overall, older office assets are increasingly being converted to other uses.
Source: uli.org
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Costa Mesa fifth-graders put faith into action, raising $3K for toys for hospitalized kids
Mariners Christian School's Tim Mustard Jr., Henry Klatt and Anees Mudawar recently raised money to buy toys for Once Upon a Room through the school's Difference Maker program.
Henry Klatt Mesa Jack Hammett Los Angele Cedars Mariners Christian School Irvine Police Department Diabetes Research Foundation
Source: latimes.com
How Attractive Are Office-to-Apartment Conversions Right Now?
Lenders tend to be cautious on office-to-apartment conversions and office prices may not be low enough
Source: wealthmanagement.com
California strip mall converted to multifamily residential development La Placita Cinco
Tiny Tim Plaza started out as a gas station and a dozen or so stores. Now it’s a thriving mixed-use community, minus the gas station.
Source: bdcnetwork.com
Family Focused Affordable Housing Community Hosts Grand Opening for Reinvigorated Commercial Center in Santa Ana, California
SANTA ANA, CA - A grand opening was just held for La Placita Cinco, a 51-unit affordable housing community that includes residential and retail in Santa Ana, CA. The project includes $6 million in funding from the City of Santa Ana and will provide much needed affordable housing to Orange County. Located at 2239 West 5th Street, La Placita Cinco includes 20 two-bedroom units, 29 three-bedroom units, and 2 four-bedroom units. Available units and monthly rent levels range from $881 to $2,154....
Source: multifamilybiz.com