C
onstruction is underway on two affordable housing projects: Altrudy II in Yorba Linda for seniors and Corona 2nd Street in Corona for homeless families. Both were developed by Tustin‑based C&C Development in partnership with Orange Housing Development Corp. and are expected to finish by late 2027 or early 2028.
**Altrudy II – Yorba Linda**
The second phase adds 64 senior‑only apartments for residents 62 + years old. Phase I already delivered 48 units. The new units include 50 one‑bedrooms and 14 two‑bedrooms, ranging from 671 to 1,031 sq ft. At least 20 % of the apartments will be reserved first for households with one or more veterans, then for local residents or workers. The complex sits within a ten‑minute walk of Yorba Linda Town Center and offers a community room with kitchen, laundry facilities, an outdoor barbecue pavilion and a dog park.
**Corona 2nd Street – Corona**
This project will provide 115 affordable units for homeless families, with a focus on veterans. The four‑building complex contains six studios, 18 one‑bedrooms, 46 two‑bedrooms and 45 three‑bedrooms. Twenty families who are homeless or at risk of homelessness will be prioritized. Amenities include a children’s play yard, barbecue pavilion, pool and a community room with kitchen. It is C&C’s third Corona development, following Citrus Circle (61 units for 30‑60 % AMI) and Meridian (85 units for 50‑60 % AMI).
**Commercial Property Sales**
- *Parkridge Plaza, Corona*: Three fast‑food tenants—Raising Cane’s, Habit Burger & Grill and Roll‑Em‑Up Taquitos—were sold for a combined $12.23 million. All tenants hold long‑term leases. Buyers were 1031 exchange investors; the Raising Cane’s purchaser was represented by Surmount.
- *Indian Wells Medical & Professional Center, Indian Wells*: Sold for $10.5 million in a 1031 exchange to Circle Vision. The 40,750‑sq‑ft, two‑story center houses Charles Schwab, RadNet, Mercer Financial and SBEMP Law. The seller, Kresher Capital, was represented by Progressive Real Estate Partners.
**Leadership Changes**
- *Related California*: Founder and CEO Bill Witte will become chairman emeritus in 2026. Gino Canori will take over as president and CEO of the market‑rate division, while Ann Silverberg will lead the affordable‑housing arm. Related is advancing the Related Bristol redevelopment in Santa Ana, which will add roughly 3,750 residential units, a 250‑room hotel, a 200‑unit senior tower, 350,000 sq ft of retail and 13 acres of park space.
- *JLL*: Pat Ryan, a 13‑year Orange County commercial‑real‑estate veteran, joins as senior vice president, focusing on local and multi‑market corporate real‑estate transaction strategy. He previously served as senior director at Cushman & Wakefield.
**Correction**
The description of Greenlaw Partners in the November 9 edition of the Real Estate Roundup was incorrect due to an editorial error. The firm is a real‑estate development and operating company. All submissions are reviewed for clarity and length before publication.
