The building stands at 20151 S.W. Birch St. It is located nearthe Corona del Mar Freeway and John Wayne Airport overlookingNewport Beach's Back Bay. Encompassing 23,000 sf, the project iscurrently 100% occupied. Developed by Newport Beach-based CT RealtyCorp. in 1999, it will continue to serve as the company'sheadquarters.

The wood and stucco building was constructed with a steel frameand pyramid-shaped dome roof. It features on-site amenitiesincluding a conference room, showers and lockers.

CT Realty was the seller, with financing provided by CreditSuisse First Boston, according to Avalon principal JeffreyRandolph.

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