Coldwell Banker Commercial Orange Coast Completes the Sale of California Property.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--May 13, 2003 The Coldwell Banker Commercial(R) Orange Coast, a subsidiary of Real Estate Partners Inc., today announced that it closed a $2.25 million sale of Ocean View Inn & Suites in San Clemente San Clemente (săn klĭmĕn`tē), city (1990 pop. 41,100), Orange co., S Calif., on the Pacific coast; inc. 1928. Camp Pendleton, a large U.S. marine base, adjoins the city, which is chiefly residential. , Calif. Steve Patel, Managing Director -- Western Region, of the Coldwell Banker Commercial Hospitality Group represented both sides of the transaction located at 1301 N. El Camino Real El Camino Real (Spanish for The Royal Road or The King's Highway) was the name of a series of pre-automobile highways linking the various New World colonies of Spain:
The buyer, CK & RC Bhakta, purchased the 44 Room facility for $2.25 million. The property consists of a 3 story, exterior corridor with approximately 18,300 square feet of improvements on 15,000 square feet land. "The Coldwell Banker Commercial Hospitality Group's marketing strategy and experience enabled us to reach key brokers and investors to structure the deal, resulting in closing the transaction," said Nagin Patel, seller of Ocean View Inn & Suites. "Located just less than half mile from the beach in a tourist/leisure market with corporate business nearby, this hospitality property provides an excellent investment opportunity in today's challenging economy." The Coldwell Banker Commercial(R) Hospitality Group is comprised of the leading hospitality brokers and associates. Each member is a seasoned veteran in the hospitality industry with a deep commitment to providing their client exceptional real estate service. The Hospitality Group will assist clients in the following services: acquisitions, advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , Property Management, appraisal and other Valuation Services, client representation, dispositions, market surveys and analysis, site searches and strategic real estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the . Coldwell Banker Commercial(R) is a registered trademark licensed to Coldwell Banker Real Estate Corp. The Coldwell Banker Commercial system has more than 500 commercial real estate offices with more than 3,000 sales associates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America, Europe, Africa, Asia and Australia. The Coldwell Banker Commercial system is an industry leader in providing commercial real estate solutions, serving the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Coldwell Banker Real Estate Corp. is a subsidiary of Cendant Corp. (NYSE NYSE See: New York Stock Exchange :CD). For additional information, contact Patel directly at stevepatel@onebox.com or call him at 818/700-1111 or visit the company's Web site at www.cbcrepca.com or contact the company at 877/915-3297. Each office is independently owned and operated except offices owned and operated by NRT NRT Nicotine Replacement Therapy NRT Norm-Referenced Test NRT near real time NRT Non-Real-Time NRT National Response Team NRT Tokyo, Japan - Narita (Airport Code) NRT Net Registered Tonnage Inc. |
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