ORANGE COUNTY, CALIFORNIA
May 14, 2020
The Hoffman Company Announces the Sale of 31.7 Acres in Murrieta, Calif., for $38 Million to National Multifamily Developer JPI
The Hoffman Company is pleased to announce the $38 million sale of 31.7 acres of vacant land in Murrieta, California, to JPI, one of the nation's largest multifamily developers. The 852-unit, four-story apartment community is poised to transform the local housing landscape and meet the growing demand for quality living spaces in the downtown corridor. Ground-breaking on this fully entitled property is estimated for late 2024 or early 2025.
Rancho Cucamonga Offices Sell to Healthcare Provider
Kennedy Wilson Brokerage arranged the $22,250,000 sale of a prime office asset located at 11000 Eucalyptus St. in Rancho Cucamonga. The 127,000-square-foot office building will soon be home to medical office space for San Antonio Regional Hospital, an Upland-based regional healthcare provider.
The Hoffman Company Announces the Sale of the 46-Acre Murrieta Hot Springs for $50 Million
The historic Murrieta Hot Springs has been purchased for $50 million by Olympus Real Estate Group, a real estate investment and development firm with plans to renovate and preserve the 46-acre property as a hot springs wellness resort and day spa.