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Real estate news: Senior community Reata Glen opens in Rancho Mission Viejo; WeWork coming to Newport Beach

Reata Glen, a senior living community in Rancho Mission Viejo, has welcomed its first residents. The community, with 480 units in 20 floor plans, is divided into three neighborhoods with various types of homes. Amenities include a movie theater, performing arts theater, a state-of-the-art fitness center and spa, an indoor pool, multiple dining venues, billiards and card rooms, gardening areas, and walking and cycling trails. (Courtesy of Reata Glen)

Reata Glen, a senior living community in Rancho Mission Viejo, has welcomed its first residents.

The community broke ground in 2016 and has 480 units with 20 floor plans. Management in a statement said it expects some 300 residents to be moved in by the week of May 28.

Reata Glen, a Life Plan Community, is divided into three neighborhoods with various types of homes: two and three bedroom villas, single-story homes from 1,400 to 2,700 square feet; two and three bedroom garden terrace townhomes ranging from 1,300 to 2,700 square feet; and one to three bedroom apartments, ranging in size from 700 to 2,000 square feet.

The homes require an entry fee, which the company declined to provide. Amenities include a movie theater, performing arts theater, a state-of-the-art fitness center and spa, an indoor pool, multiple dining venues, billiards and card rooms, gardening areas, and walking and cycling trails with access to San Juan Creek Trail, leading directly to Doheny State Beach.

The community also offers care at an adjacent health center, where residents will have access to assisted living, memory care, and long-term care in a skilled nursing center.

Reata Glen partnered with California-based W.E. O’Neil Construction and KTGY Group Architects + Planning in building the community. It’s estimated the site will create some 300 jobs in the Rancho Mission Viejo area.

Address: 28805 Ortega Highway. For more information, call 949-545-2200 or go to ReataGlen.com.

7th spot for WeWork

WeWork will open its first Newport Beach location by the fall, marking its seventh members-only office space in Orange County.

The location at 100 Bayview Circle will accommodate 815 members and feature a mid-century modern decor, open floor plan and communal working space, the company said in a statement.

Other WeWork locations in the county:

Park Tower 695 Town Center Drive, Costa Mesa 3200 Park Center Drive, Costa Mesa 400 Spectrum Center Drive, Irvine The Boardwalk 18575 Jamboree Road, Irvine 200 Spectrum Center Drive, Suite 300, Irvine 2211 Michelson Drive, Irvine

Cushman & Wakefield in Irvine has hired Joseph Lising, Matthew Godman, Mitchell Neff, and Richard Salinas, a capital markets team specializing in multi-tenant retail and single-tenant, triple-net leased investments. Lising joins the firm as managing director in capital markets with a focus on retail investment sales. Godman and Neff join as associates while Richard Salinas joins as brokerage coordinator.

Cushman & Wakefield in Irvine also recently added capital markets multi-family specialists Mark Bridge, CJ Arehart, Gary Gong, and Amanda Fitzpatrick, and retail brokerage specialists Jay Nichols, John Jennings, Nicole Brosious, and Chase Harvey to the Inland Empire office.

Realty ONE Group has partnered with Randy Rector, CEO of Orange County’s HomeSmart, Evergreen Realty, to operate its seven Orange County and Inland Empire offices.

The offices Rector will manager will continue to operate under the Realty ONE Group banner.

Realty ONE Group has 200 offices across 35 states.

Warehouse design work complete

Construction is complete on the new LBA Promenade warehouse at 515 South Promenade in Corona, according to Ware Malcomb in Irvine which provided architecture and civil engineering services for the project.

The new, 32-foot clear tilt-up industrial building has 163,056 square feet, including 5,000 square feet of office space and a 2,500 square foot wood mezzanine.

The new facility on an infill site replaced an obsolete metal building, Ware Malcomb said in a statement. The shell of the building was designed using concrete tilt-up panels, concrete slab flooring, steel beams and trusses, and an aluminum storefront system. New lighting, power systems, exhaust fans, and plumbing work were incorporated throughout the building. Additional site work included new concrete paving, chain link fences, CMU screen wall, wrought iron sliding gate, parking striping, site lighting and landscaping.

The developer of the project was LBA Realty, and the general contractor was Millie & Severson.

Newport Beach-based Newmeyer & Dillion LLP, a business and real estate law firm, has appointed Paul Tetzloff as the firm’s managing partner. His term began Jan. 1. A business litigator, Tetzloff now oversees the firm’s strategic plan and manage the firm’s day-to-day business affairs. Active in his community, Tetzloff sits on the board for HomeAid Orange County and the Marine Raider Association. He is succeeding former managing partner Jeff Dennis, who served in the role from 2012 to 2018.

Diana T. Chao has joined Goldberg Segalla General Liability practice group in Irvine. Chao previously was with Everett Dorey LLP. Her focus is on counseling and defending a wide variety of clients, including developers, property owners, contractors, public entities, and large corporations in general liability, catastrophic injury, toxic tort, construction, and mass tort matters, from inception through resolution.

Submit business promotions, hires, new ventures and upcoming events to Business Editor Samantha Gowen at sgowen@scng.com. Please allow at least a week for publication. High-resolution photos also can be submitted for consideration. All items are subject to editing for clarity and length.

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