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Real estate news: $61.5 million language arts building debuts at OCC


Orange Coast College students in late August were the first to use the $61.5 million Language Arts and Social Science Building, a project completed this summer by C.W. Driver Cos.

The three-story, 107,760-square-foot building in Costa Mesa is loaded with modern tech and replaces small, inefficient buildings spread across campus, according to the construction firm.

The Language Arts and Social Science Building has indoor labs for the psychology, economics, English, world languages and communications departments, and indoor/outdoor laboratories for the geography and anthropology departments, as well as storage spaces.

The second floor is used for classrooms and connects to the adjacent Mathematics Business and Computer Center Building by way of a new “skyway” bridge. The third floor is home to more classrooms and offices.

Funding was provided by California State Proposition 51 and by Measure M, a $698 million bond approved by the community to modernize education facilities for all universities within the Coast Community College District.

99 Ranch’s corporate headquarters and distribution center on Regio Avenue in Buena Park is now almost completely powered by solar panels. (Courtesy of Tawa Group)

Grocery chain ups its solar commitment

99 Ranch’s corporate headquarters and distribution center on Regio Avenue in Buena Park is now almost completely powered by solar panels.

The 1,275 kW system installed by SunGreen Systems includes 3,270 solar modules that are expected to produce 2,091,014 kWh of electricity annually. That means 80% of the complex’s electricity consumption will be met by solar energy, according to SunGreen.

“This system combines a rooftop solar system and an artificially intelligent battery system to offset their energy usage to be the largest solar and storage system in Buena Park,” said John Hoffman, chairman of SunGreen Systems.

Jonson Chen, chairman of Tawa Group, said the installation at 99 Ranch is part of its ongoing effort to meet the state’s growing energy demand.

“Tawa has taken major strides over the past decade to modernize our equipment and reduce our dependence on fossil fuels,” Chen said in a statement. “This solar project is just the latest in our ambitious drive to improve energy efficiency across our warehouses, offices and supermarkets.”

Irvine firm launches Drift hotels

TMC Hospitality in Irvine has launched Drift, its first luxury hotel concept, and its first project debuts next month in San Jose del Cabo on the southern tip of Baja California’s peninsula.

The Drift concept, TMC said, is aimed at “social group travelers looking to get off the beaten path.”

Rooms in Cabo are dubbed “Surfer’s Hideout,” “Baja Suite” and “Paradise Cove Suite.” For the queen-bed surfer’s room, rates are $107 nightly in November. Paradise Cove, which comes with a private pool, runs $175 nightly.

TMC said their Drift hotels will feature minimalistic decor using locally sourced materials.

The Cabo hotel has 29 guestrooms, an outdoor pool, courtyard and rooftop space.

More Drift hotels are slated to open in 2022 in the tony hillsides of Santa Barbara and hipster-friendly Nashville, Tenn.

The 26-year-old affordable apartment complex Arroyo Vista in Mission Viejo is getting a makeover. (Courtesy of Eden Housing)

Updates coming to MV complex

A 26-year-old affordable apartment complex in Mission Viejo is getting a makeover.

Merchants Capital is providing $11,547,000 in refinancing to revitalize the 156-unit Arroyo Vista owned and operated by Eden Housing, a nonprofit that has developed or acquired 10,600 homes throughout California.

“As we continue to face unprecedented times – where our portfolios are aging but we lack the variety of feasible financing solutions to address the physical needs – it is critical to have organizations like Merchants Capital that aim to step in and help affordable housing operators explore various solutions to meet our needs,” said Darnell Williams, Eden Housing’s senior director at Asset Management. “Like many affordable housing providers, we are feeling the implications of bond financing constraints.”

Arroyo Vista was originally built in 1995, and has 36 one-bedroom units, 72 two-bedroom units, 40 three-bedroom units and eight four-bedroom units within nine two- and three-story buildings. Amenities include a clubhouse, fitness center, sports court, common laundry, pool and a spa. Tenants at Arroyo Vista must earn 35%-60% of the area’s median income.

Eden Housing said the rehab project will include a big plumbing upgrade, in-unit HVAC system installation, a community playground and more.

Giving fundraiser ahead

Fullerton Century 21 Discovery is holding its 26th annual charity dinner and auction Nov. 17 at the Coyote Hills Golf Course.

The event is part of the holiday giving season sponsored by the brokerage’s Discovery Charity Foundation, a nonprofit that donates to charities in North Orange County.

The real estate firm said its philanthropic efforts have raised nearly $400,000 over the past 25 years for charities in the community.

The recipients of 2021 funds raised will be Boys and Girls Clubs of Fullerton, Fullerton Cares Autism, Meals on Wheels of Fullerton, National Giving Alliance (NGA), Providence St. Jude Memorial Foundation, Tara’s Chance, and Women’s Transitional Living Center.

Tickets are $60 per person. For more information, to make a donation or to purchase tickets to the event, call the foundation at 714-626-2888 or go to c21discoverycharityevent.com.

Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at [email protected]. Please allow at least a week for publication. All items are subject to editing for clarity and length.

This post first appeared on ocregister.com



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