NEWPORT BEACH, CA—Driver SPG, the Anaheim-based affiliate of C.W. Driver, has begun construction on the new headquarters of Mark IV Capital at 4450 MacArthur Blvd. here. The building, located near Santa Ana Airport, replaces the firm’s current Newport Beach headquarters and is scheduled for completion in November.

The scope of the project includes construction of a 21,000-square-foot, two-story office building in addition to a 9,142-square-foot underground parking garage. Mark IV plans to occupy the second floor and rent the first once the renovation has been completed.

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