As Southern California heats up, so does the commercial real estate market. Beyond the thriving transactions, this summer also brings exciting new happenings within our firm, further strengthening our commitment to clients. We invite you to explore these developments and check out our recently revamped website, designed to provide you with even greater insight and resources
Steve Economos recently took on one of cycling’s most iconic challenges: Mont Ventoux in France.
A legendary ascent featured in the Tour de France, Mont Ventoux is known for its brutal grade, exposed terrain, and the infamous white limestone summit crowned by a stark red-and-white radio tower. Steve powered through the grueling climb, pausing at the top to capture a selfie with the landmark in the background. Along the way, he passed the memorial to British cyclist Tom Simpson, who tragically died during the 1967 Tour on that very slope. As is tradition, Steve respectfully acknowledged the plaque—part of the emotional legacy woven into every pedal stroke on this historic mountain.
Matt Economos was part of the 12th graduating class of the Newport Beach Foundation’s Distinguished Citizen Program
The Distinguished Citizen Program (DCP) graduated their 12th class on June 4. The DCP is offered by the non-profit philanthropic organization Newport Beach Foundation as a means to “strengthen the current and future community leadership through education, research and advocacy thereby enhancing the quality of life for all residents and visitors.” [Read the full article here].
IN THE NEWS
Historic Preservation: Catalyzing Economic Growth and Revitalization Across Southern California
From the Santa Ana Mayor’s Desk – “Preserving our historic buildings isn’t just about saving bricks and mortar – it’s about protecting the soul of our city while building a stronger economic future,” said Santa Ana Mayor Valerie Amezcua. “Thanks to forward-thinking partners like Economos DeWolf, we are seeing how smart investment in preservation can bring new energy to our downtown, attract vibrant businesses and celebrate the rich history that makes Santa Ana unique.”
High-Value Commercial Space with Built-In Income Hits the Market in Rancho Santa Margarita
A unique commercial property in Rancho Santa Margarita, valued at $13.185 million (±$599/sf), has hit the market, offering a rare opportunity for owner-users and investors. This 22,000-square-foot Spanish Mediterranean-style building boasts built-in income from a temporary 24-Hour Fitness lease and flexible CG zoning, making it ideal for medical, office, or retail ventures.
BLOG CORNER
Beyond the Beach: Uncovering SoCal’s Emerging Creative Hubs
Discover the significant financial incentives and market potential for investing in Southern California’s historic buildings, particularly through adaptive reuse opportunities. This blog details how programs like the Mills Act and various tax credits make these preservation projects an attractive investment for strong returns and community revitalization.
Investing in Southern California’s Historic Buildings: Financial Incentives, Market Potential, and Adaptive Reuse Opportunities
There’s something undeniably magnetic about a building that’s stood for over a century. The thick brick walls, vintage architectural lines, and unmistakable character—you can’t replicate that with new construction. These structures carry the stories of the past, and in Southern California, they’re becoming some of the smartest real estate investments around.
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