Shopoff Realty Investments sells Park Palm condo site in Newport Beach to Shea Homes

• Shopoff Realty Investments sold the 1.06-acre Park Palm condo site in Newport Beach, California, to Shea Homes.
• Asset sits within Uptown Newport Village. Entitlements allow 23 townhomes.
• Shopoff bought the broader 25-acre Uptown Newport Village site in December 2010. It repositioned the land from office-industrial to mixed-use housing.
• Park Palm construction is expected to start in 2027. Completion is projected for 2028-2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shopoff Realty Investments LP published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.