Lake Forest Offices Sells for $ 40 Million; Irvine K-8 School Begins Construction – Orange County Register
Palm Terrace, a 155,795-square-foot Class A office campus with three two-story buildings, was sold in Lake Forest for $ 40.45 million.
Newmark Knight Frank negotiated the sale on behalf of the seller Bailard Real Estate Fund. The buyer, Kingsbarn Real Estate Capital, was represented.
The 25521, 25531 and 25541 Commercentre Drive properties are almost fully leased to Del Taco, PGM Holdings, Hometown Equity, Citadel Servicing and Any Home.
Amenities include new landscaping, an outdoor communal area and courtyard, and energy efficient lighting.
Newmark’s Jay Nugent and Greg Puccinelli are the leasing agents for the campus.
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CW Driver Cos. has begun construction of the Solis Park School, a K-8 school in the Irvine Unified School District. It will have seven buildings spanning 103,000 square meters with space for 1,000 students. CW Driver Cos. expects the project to complete in time to open for the 2022-2023 school year.
Work begins on the Irvine School
CW Driver Cos. has begun construction of the 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 spanning 103,000 square feet with space for 1,000 students living in the Rise community and other neighborhoods coming into the Heritage Fields development.
In addition to a childcare facility for lecturers and employees, the school will have a fully-fledged gymnasium, an administration building, a multi-purpose room, laboratories, classrooms, a police station and a parking lot.
CW Driver Cos. expects the project to complete in time to open for the 2022-2023 school year.
The client is working with PJHM Architects on the project.
Cushman & Wakefield has added an assessment team to its Irvine office. The team of four includes Daniel J. Sydor (left), Executive Director, Heather Cotton, Associate Director, Randy Fitch, Senior Director, and Gabrielle Maddocks, Reviewer. (Photos courtesy of Cushman & Wakefield)
Cushman & Wakefield has added an assessment team to its Irvine office. The team of four includes Daniel J. Sydor, Executive Director, Randy Fitch, Senior Director, Heather Cotton, Associate Director, and Gabrielle Maddocks, Reviewer. The team will focus on the valuation of retail properties across California and other major metropolitan areas in the Southwest.
Enrique Ceniceros, left, joined Taylor Design as Director of the Science and Technology Studio. Regina VanderWerff is a business development representative for Sundt Construction’s Irvine office. Eric Lockwood has been promoted to Director of Design for Tangram Technology at Tangram, a Newport Beach-based design firm for commercial interiors and workspaces.
Enrique Ceniceros 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 production facilities. His 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 Director of Science and Technology at HOK in Los Angeles.
Regina VanderWerff is the business development representative for Sundt Construction’s Irvine office. She will assist the district leadership in customer engagement and community relations. She has seven years of business development experience across Southern California with experience in hospitality, senior housing, K-12 education, higher education, science and technology, office, civil rights, aviation, and affordable housing.
Eric Lockwood has been promoted to Director of Design for Tangram Technology at Tangram, a Newport Beach-based design firm for commercial interiors and workspaces. He has around 27 years of experience in technology consulting and will focus on design innovation and customization. Lockwood customers include the Writers Guild of America, Chapman University, and CoreLogic.
SVA Architects in Santa Ana has received four 2021 Gold Nugget Awards of Merit. The company has received Gold Nugget Awards annually since 2015 for projects in performing arts centers, apartment buildings, affordable and student housing projects. One of their Gold Nugget Awards was for the company’s work at the Woodbridge High School Performing Arts Center in Irvine for the Best Special Use Project award. (Courtesy of SVA Architects)
SVA Architects in Santa Ana has received four 2021 Gold Nugget Awards of Merit. The company has received Gold Nugget Awards annually since 2015 for projects in performing arts centers, apartment buildings, affordable and student housing projects.
The SVA’s Gold Nugget Awards of Merit 2021 include:
- Woodbridge High School Performing Arts Center (Irvine) – Best Special Purpose Project
- Fruitvale Transit Village Phase IIB (Oakland) – Best affordable shared apartment on board
- The Reserve at Seabridge Marina (Oxnard) – Best multi-family community
- San Diego State University South Campus Plaza (San Diego) – Best student or faculty apartment
The 58th competition attracted more than 600 submissions from around the world.
LPA Design Studios in Irvine has named the first recipients of a scholarship program for students in historically underrepresented populations with degrees in architecture, engineering, interior design or landscape design.
The program aims to provide long-term financial assistance and mentoring to recipients, LPA said in a statement.
The LPA Interdisciplinary Diversity Scholarship Program awarded five high school graduates in California (2) and Texas (3) with grants of $ 5,000 that are renewable for four to five years depending on graduation. The two California winners will attend UC Berkeley and San Jose State University.
In addition to financial support, students receive 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 are helping to nurture a greater design perspective,” said Wendy Rogers, CEO and Chief Talent Officer, LPA Design Studios. “We are committed to promoting diversity, equity and inclusion of the architecture, design and engineering disciplines.”
Real estate transactions, leases and new projects, industry recruitments, new ventures and upcoming events are compiled from press releases from contributing author Karen Levin. Email articles and high resolution photos to business editor Samantha Gowen at [email protected] Please allow at least one week for publication. All articles are edited for the sake of clarity and length.