Bloom, an apartment community developed by Legacy Partners and partner DWS Group, has 226 apartments in the South Coast Metro district. (Courtesy of Legacy Partners)
A luxury apartment complex has opened in the South Coast Metro district of Santa Ana, touting a short walk to South Coast Plaza and amenities to match eye-popping rents.
Bloom, developed by Legacy Partners and partner DWS Group, has 226 apartments at the corner of Sunflower Avenue and South Flower Street.
A studio at the complex will cost a tenant $2,575 to $2,905 monthly, according to Apartments.com. A one-bedroom unit ranges from $2,815 to $3,115 while a two-bedroom apartment tops out at $4,250 monthly.
The five-level, single-structure building features wrap-around parking. Amenities include a fitness center, pool and spa with cabanas and a clubhouse, a barbeque area, outdoor fireplaces, a walking path, dog park with washing station, a co-working space, business center and a social lounge. Two elevated roof decks offer city views.
Sunland shifts HQ to Aliso Viejo in $14M purchase
Sunland Nutrition, a distributor of nutritional ingredients, bought a 40,792-square-foot industrial building in Aliso Viejo for $14 million, according to JLL.
The property at 81-91 Columbia will be the company’s headquarters and warehouse, shifting Sunland from its previous base in Lake Forest.
Sunland manufactures sports nutrition products, vitamins, supplements, mushroom extracts and organic sweeteners. It also has a division for pet nutrition.
JLL represented the unidentified seller. Sunland Nutrition was represented by Daum Commercial.
Yorba Linda office property sells for $3.5 million
The office complex Lakeview Professional Plaza in Yorba Linda has sold for $3.5 million, according to Irvine-based NAI Capital Commercial’s Investment Services Group.
The brokerage for the property at 4848 Lakeview Ave. represented both the buyer and seller. Neither was identified by NAI.
The complex includes a two-story, 11,761-square-foot, multitenant office building on a 38,333-square-foot lot. It’s leased to an insurance company and a law firm on long-term leases.
Berkshire relocates to Bricks Building in Tustin
Berkshire Hathaway HomeServices California Properties has moved to a larger Tustin office in the Bricks Building.
The 3,900-square-foot space has 26 workstations, five offices, two conference rooms and two “huddle rooms.” There’s also a kitchen with bar and TV.
“Our new suite is in a much more well-trafficked area of Tustin,” branch manager Clara Eisenman said. “People know The Bricks Building because of the beautiful brick design elements. It is a true landmark in the community.”
The building at 18302 Irvine Boulevard (Suite 240) is in a Tustin hub, close to several retail centers with myriad retail, restaurants and grocery options.
As part of the office’s grand opening, agents and staff are giving back to the local nonprofit Operation Warm Wishes. Donations can be made at operationwarmwishes.com/.
John Cushman III, legacy member of brokerage, dies
John C. Cushman III, a member of Cushman & Wakefield’s founding family, died Thursday, May 4 at age 82.
The brokerage heralded his 60-year career, calling Cushman a “legacy in business” and a “key pillar in Cushman & Wakefield’s history.”
The family in a statement wrote that Cushman died peacefully. His wife of nearly 60 years, Jeanine, his two brothers, four sons, their wives and all 10 grandchildren were able to visit him before his death.
“John’s successes in commercial real estate were extremely notable but his positive impact on so many careers are what mattered to him even more,” the family wrote. “John always valued the importance of giving back and was a staunch supporter of many philanthropic efforts. His contributions to so many organizations will contribute to his legacy.”
According to his biography, Cushman, as president of the Westerns Region in 1965, was responsible for 60% of the firm’s offices in the United States. The brokerage, founded in 1917 in New York by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield, would expand under Cushman’s direction when he headed west in 1967, opening a division in Los Angeles.
He and twin brother Louis B. Cushman would go on to open Cushman Corp. Realty in 1978, which grew to 11 U.S. offices from two with more than 200 employees. Cushman Realty merged with Cushman & Wakefield in 2001.
The family said those who want to honor Cushman’s life should visit a national park site or make a donation to the National Park Foundation on his behalf.
End of an era for Villa Real
Five partners and roughly 20 agents from Villa Real Estate have joined Coldwell Banker Realty in Newport Beach.
The move comes as Villa Real affiliates with Coldwell Banker, ending its run as an independent brokerage.
The team, including Tim Carr, Steve High, Kim Bibb, Evan Corkett, Jon Flagg and affiliated agents at Villa Real Estate, closed $1.4 billion in sales volume last year, according to the brokerage using MLS data.
In other Coldwell Banker news, Coburn and Associates has joined the brokerage’s Dana Point/San Clemente office. The team is led by Nelson Coburn and includes Kyla Jackson, Damon Brummett, Jose Flores, Danielle Fox, Daniela Leon and Kayla Rosales.
SPIRE award nominations open
CREW Orange County has opened nominations for the 11th annual SPIRE (Superior Performance In Real Estate) Awards.
The black-tie gala honors the best of Orange County’s real estate professionals and takes place Oct. 20 at the City National Grove of Anaheim.
The awards recognize men, women and project teams who made “a significant impact across the commercial real estate industry in 2022 and/or 2023.”
Registration for the gala opens Monday, July 10. Nominations are open until Saturday, July 15. For more details, go to crewocspireawards.com/nomination.
For more information about the awards, go to crewocspireawards.com.
CREW OC is the local chapter of the national Commercial Real Estate Women Network, a nonprofit that works on advancing women in commercial real estate.
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 firstname.lastname@example.org. Please allow at least a week for publication. All items are subject to editing for clarity and length.