High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Orange County  + Apartments  | 

Waterford Lands Rare Newport Beach MF Assemblage

Waterford Residential purchased Dover Heights Apartment Homes in Newport Beach, CA for $30.6 million, which translates to $463,000-per-unit and $474-per-square-foot. This offering was rare, as it is the first time all these properties ever have been on the market in a single offering after a more than 27-year hold by the unnamed seller.

The apartment homes are located in Dover Shores, one of Newport Beach’s most coveted, popular and expansive neighborhoods. The assets include 1069 Buckingham Lane, 1616, 1630, 1700, and 1728 Bedford Lane, as well as 1601-1701 Bedford Lane.

The assemblage of nine adjacent parcels totaling 2.24 acres is significant, as most rental housing stock of this size and larger in Newport Beach is institutionally-owned. The offering is also historic, given the limited supply of coastal multifamily opportunities of this size.

Kidder Mathews’ Steven Brombal and Josh Rhee represented both parties in the transaction.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Kidder Mathews’ Brombal

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action