Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-Locally based Avalon Financial Group Inc. has arranged $3.3 million in financing for the acquisition of a Newport Beach commercial office building. Avalon has negotiated the financing on behalf of a Los Angeles-based private trust.

The building stands at 20151 S.W. Birch St. It is located near the Corona del Mar Freeway and John Wayne Airport overlooking Newport Beach’s Back Bay. Encompassing 23,000 sf, the project is currently 100% occupied. Developed by Newport Beach-based CT Realty Corp. in 1999, it will continue to serve as the company’s headquarters.

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

CT Realty was the seller, with financing provided by Credit Suisse First Boston, according to Avalon principal Jeffrey Randolph.

Avalon provides financial advisory services for commercial real estate owners and investors. Since its establishment in 1993, the firm has been engaged in more than $700 million of commercial real estate financing transactions.

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?


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.