X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COSTA MESA, CA-Los Angeles-based CommonWealth Partners is seeking government approval to build two new office towers with a combined 400,000 sf near South Coast Plaza.

One building, with about 300,000 sf, would stand near the Westin South Coast Plaza Hotel. The other, with 100,000 sf, would be near the intersection of Bristol Street and Anton Boulevard.

Leasing activity in the area around South Coast Plaza has picked up as rents for space in the neighboring John Wayne Airport market have climbed, local brokers say. The Plaza itself is undergoing a $150-million expansion, and the locally prominent Segerstrom family is planning to build 255,000 sf of office nearby in addition to a 187-room hotel next to the Westin.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.