VOIT REAL ESTATE SERVICES DIRECTS SALE OF TEN-LOT SINGLE-FAMILY SUBDIVISION IN DANA POINT

February 13, 2012

by California RealEstateRama

Tony O’Neill and Kendrick Askew of Voit’s San Diego office complete the $2.8 million sale of a partially completed residential subdivision in one week.

Orange County, CA – February 13, 2012 – (RealEstateRama) — Voit Real Estate Services’ San Diego office has successfully directed the sale of Mare Altura Villas, a partially completed, ten-lot residential development in Dana Point, Calif. for a total consideration of $2.85 million. The property consists of three partially finished homes and seven finished lots, according to Tony O’Neill, Vice President in Voit’s San Diego office.

O’Neill worked with Kendrick Askew, a Vice President in Voit’s San Diego office, to represent the seller, East West Bank. The property was acquired by a private investor.

“The single-family home market is improving in the area, and the buyer intends to move forward with the completion of the project and sell the homes,” said O’Neill. “Completion of the transaction involved complex analysis of the site’s current condition, entitlements and title matters.”

The property is located at 35200 Del Rey Street in Dana Point, Calif.

About Voit Real Estate Services

Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.

Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.