Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWPORT BEACH, CA-AEW Capital Management has acquired the 100 Bayview office project from a partnership of the Laguna Hills-based Muller Co. and Rockwood Capital of San Francisco for $117 million. The sale closes a little more than two years after the sellers bought the two-building project for $66 million.The sale was brokered by Robert Smith and Michael Kane of the Newport Beach office of CB Richard Ellis, who also were the listing brokers in the 2003 sale to Muller and Rockwood. Smith and Kane represented both the buyer and the sellers.The 100 Bayview project comprises 317,376 sf of office space that was 90% leased at the time of the sale. AEW bought the property on behalf of one of its institutional clients.Smith and Kane describe 100 Bayview as one of only a handful of trophy office properties in Newport Beach. The project features premium office space as well as one level of subterranean parking at the intersection of Jamboree Road and MacArthur Boulevard at the State Route 73 Freeway in the Orange County Airport Area submarket.The 100 Bayview property is part of Bayview Corporate Center, a master-planned office development of more than 625,000 sf that also includes a 250-room Marriott Suites hotel and adjacent retail amenities with views of Newport Back Bay, John Wayne airport and the San Joaquin Hills. The 100 Bayview property and its parking structure are situated on three parcels totaling 6.3 acres.

Muller is a real estate investment and development company, founded in 1979, by president Steve Muller. It has several satellite offices in Southern California, as well as the San Francisco area and Arizona. Rockwood is a privately-held real estate investment company that manages funds for individuals and institutions with offices in San Francisco and Greenwich, CT.

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.