Let’s call this one a Newport Beach trifecta with yet more office space yielding to housing. Newport Beach-based Buchanan Street Partners sold a two-building, 42,697-square-foot office property in Newport Beach to an unidentified Newport Beach real estate firm for $20.4 million.

Newport Beach, CA (March 9, 2023) – Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, sold a two-building, 42,697-square-foot office property to a private Newport Beach real estate firm for $20.4 million. Buchanan purchased the offices in 2020 for $11.5 million with plans to execute an...