CBRE arranged the $8.12-million sale of a 1.9‑acre residential development site at 4861 Liverpool St. in Yorba Linda. The property, currently a parking lot, was sold by Messiah Lutheran Church. The buyer, an Orange County–based housing developer, plans to build 40 townhomes on the site.
Michelle Jefcoat and Dan Blackwell represented both the seller and the buyer.
“This sale reflects the strong demand for well‑located residential development opportunities in North Orange County,” said Jefcoat. “Yorba Linda has limited available land, high barriers to entry and a deep pool of qualified buyers seeking new housing options.”
The site is located along Yorba Linda Boulevard, a major east‑west arterial, and sits between the 57 and 91 freeways, offering direct access to regional employment centers, California State University, Fullerton, and retail amenities including the Brea Mall.”
Once constructed, the 40 three‑story townhomes will include a mix of one‑, two‑, three‑ and four‑bedroom floor plans with attached garages. Site work is expected to begin in the coming weeks.
Sorrento Property Group sold Holly View Apartments, a 324-unit garden-style community in northwest Houston, for $31.5 million. Holly View offers one- and two-bedroom floor plans, a resort-style pool, landscaped grounds and covered parking. The buyer of the property at 5555 Holly View Drive was Accel Equity Group. The price works out to roughly $97,222 per...
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Wood Partners and Sarofim Realty Advisors are moving forward on Village Park, a 372-unit multifamily community in Charlotte’s Highland Creek and Prosperity Church area. The project is slated to open in May 2028. J.P. Morgan is providing financing. Located at the corner of Prosperity Church and Benfield Roads, Village Park sits immediately next to Prosperity...
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The proposed $6.7-billion takeover of H&R REIT is facing another major obstacle, with influential shareholder advisory firm Institutional Shareholder Services (ISS) urging investors to reject the transaction ahead of a November 13 vote. The recommendation adds to growing opposition to a deal that would break up one of Canada’s largest real estate investment trusts, transferring...
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Central CA Commercial | California
Recckio Real Estate & Development
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