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This Sale Marks Year's Highest Per-Square-Foot Deal

A 190,405-square-foot, class-A office tower at 4100 Newport Place Dr. is sold by one of the largest privately held real estate investment management firms in the US.

By Carrie Rossenfeld | carrierossenfeld | Updated on September 20, 2017

4100 Newport Place Dr. 4100 Newport Place is one of the largest and highest-profile office buildings in Newport Beach.

NEWPORT BEACH, CA—American Realty Advisors, one of the largest privately held real estate investment-management firms in the US, has sold 4100 Newport Place Dr., a 190,405-square-foot, class-A office tower here, to Olen Properties, a commercial and residential real estate development and management company, for $75.6 million. According to the listing brokers, the transaction reflects the highest office-investment sale so far this year in Orange County based on price per square foot.

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