Massive office sale completed in Orange County

Deal soars well above $100 million

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CB Richard Ellis brokered the sale of 100 Bayview, two granite-clad, six-story office towers totaling 317,376 square feet in Newport Beach, Calif. The total value of the transaction was $117 million. The property is located at the confluence of Jamboree Road, MacArthur Boulevard and the SR-73 Freeway in the Airport Area submarket of Orange County. AEW Capital Management, on behalf of one of its institutional clients, purchased the property from a partnership of The Muller Co. and Rockwood Capital. At the time of sale, the property was more than 90 percent leased. CB Richard Ellis is a provider of commercial real estate services. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....