Cress Capital Buys 214,000 SQFT Newport Beach Office Tower for $41MM After Debt Default

A distressed 214,858-square-foot office building at 1301 Dove Street in Newport Beach has sold to Cress Capital for $41 million, or roughly $191 per square foot, following a deed in lieu of foreclosure earlier this year. Industry reports show that the 10-story Class A property, originally built in 1980 and renovated in 2018 with $11.5 […]