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Client: United States Government, Dept. of the Navy and the General Services Administration
(www.heritagefields.com)
Property: Former Marine Corps Air Station El Toro, CA
Working as a part of a team assembled by Colliers
International, RLA Advisors was retained for a long term engagement by the Department of the Navy and the
General Services Administration to generate the due diligence library and market the 3,700-acres former MCAS El Toro for sale. RLA maintained an office on the base and was tasked with being the property liaison; communicating the nuances of the base itself, the City of Irvine’s planned entitlements and process, and the highly complicated environmental condition of the property to both the owner – the US Government – and the private development community. The project concluded with the closing of a $647 million sale to Lennar Corporation.
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