In the Newport Beach deals, Newport Properties sold two officebuildings in Newport Beach for a combined consideration of nearly$10.8 million, with George Economos, Steve Economos and GeoffDeWolf of NAI Capital Commercial and Ken Johnson of Lee &Associates representing both the seller and the buyers. The buyerswere Quail Investors LP, which purchased a 27,834-sf building at1000 Quail St., and Dove Investors, LP, which bought a 30,342-sfbuilding at 1151 Dove St. Both properties are two-story,multi-tenant office buildings that are located near John WayneAirport and the 405 and 5 freeways. Each building is more than 90%occupied.In the San Clemente transaction, Sunset Highland LLC, aSan Clemente-based private investor, purchased the Courtyards atTalega, a 20,000-sf medical office building at 1031 Avenida Pico,for $8 million. Kathleen Silver of Grubb & Ellis' West LosAngeles office represented the buyer, with the seller representedFaris Lee Investments. Construction was completed on the two-storybuilding earlier this year. The property was sold by NCC-Caliber VLLC of Newport Beach and was 75% leased at the time of sale.
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