Newport Banning Ranch
Newport Beach, California USA
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The 505-acre Newport Banning Ranch was owned by an affiliate of Nissho Iwai American Corp. (NIAC), in venture with a partner. NIC was interested in what feasible disposition and/or development options might be best for this property.
Important issues included its location within a California Coastal Commission LCP planning jurisdiction, ongoing oil and gas operations conducted throughout the County (454 acres) portion of the property, and sensitive habitats, steep coastal bluffs, gullies and ravines.
Work completed for NIAC while Stonecreek was retained as U.S. representative for new acquisitions and venture investments in real estate.
Client: Nissho Iwai American Corp. (NIAC); U.S. subsidiary of
Nissho Iwai Corp. (NIC)
