Avison Young completes sale of 4.11 acres of land for 60-unit townhome development in Mission Viejo, CA25 Sep 2020
Irvine, CA – Avison Young announced today it has completed the $9.936 million sale of 4.11 acres of land (2.75 acres buildable) located at 28719 Los Alisos Boulevard in Mission Viejo, CA. The buyer, a prominent national builder with a presence in the market, plans to develop City Lane Townhomes, a fully entitled, 60-unit residential for-sale townhome project on the site.
Avison Young’s Peter Hauser, Alan Pekarcik, Matt Hauser and Chris Smith in the company’s Irvine, CA office, represented the seller, MF Mission Viejo, LLC, a family partnership on behalf of Ray and Nic DeAngelo.
“The property was marketed exclusively on behalf of the seller,” said Peter Hauser. “As testimony to the strong market demand for entitled residential land sites in south Orange County, Avison Young received more than 20 offers.”City Lane Townhomes is planned to include two- and three-bedroom condominiums with a total of nine affordable units and will feature amenities such as a dining court with barbeque area, table and bar seating, and play area.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
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For more information:
- Darcie Giacchetto, Places Public Relations, 949.278.6224