The 505-acre Newport Banning Ranch was owned by an affiliate of Nissho Iwai American Corp. (NIAC), in venture with partners (Taylor Woodrow Company and a major oil company). 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 extraction operations conducted throughout the County (454 acres) portion of the property, abandoned oil well clean-up, and sensitive habitats, steep coastal bluffs, gullies and ravines.
Work completed for NIAC while StoneCreek Partners was retained as U.S. representative for new acquisitions and venture investments in real estate.
Most descriptions of StoneCreek Partners experience and/or work product are limited by client or partner non-disclosure agreements. We include our partners’ experience while with predecessor organizations.
Newport Beach, California USA