A weekly look at office and industrial real estate in the county. : FOCUS: BAYVIEW CORPORATE CENTER
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Bayview Corporate Center, overlooking upper Newport Bay, has twin 6-story towers connected by an atrium. It was developed by Downey Savings & Loan Assn. and serves as its corporate headquarters. Bramalea Corp. will begin construction of identical buildings this summer to complete the mixed-use development. The Bayview complex also includes an all-suite Marriott Hotel, retail shops, a gated residential community, underground parking and a parking structure.
FACTS AND FIGURES
Address: Jamboree Road and Bristol Street, Newport Beach Developer: Downey Savings & Loan Assn. Architect: McLarand, Vasquez and Partners Primary Contractor: Koll Construction Broker: Coldwell Banker Financing: Downey Savings Square feet: 340,000 Use: Office Date completed: Feb., 1988 Percentage of building leased: 65% Parking capacity: 1,200 Rental cost per square foot: $1.95-$2.15 MAJOR TENANTS Downey Savings: 100,000 Square feet J.M. Peters Co.: 22,000 Square feet Ford Aerospace: 21,000 Square feet Donahue-Schriber: 16,000 Square feet Source: Downey Savings
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