Meritage Homes buys 111.5K SF Vacant Santa Ana Office Building for a Res Conversion Project for $19M from Harbor Associates

5/1/2025

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RENTV

• Subcategory: Office: Urban

• Tag: Conversion | Live-Work | Sale

• Additional Filters-Subcategory: MF: BTR-Townhome, Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Residential, Sale: Investment, Sale: Single Property

• Company: CBRE Group (NYSE: CBRE), Meritage Homes (NYSE: MTH), Harbor Associates

Meritage Homes has purchased a vacant 111.5k sf office building at 2020 E. First St in Santa Ana, between I-5 and the 55 Fwy, for a residential conversion project. The asset was sold for $19.2 mil by Harbor Associates LLC after having secured entitlements for the multifamily redevelopment.

Harbor received approvals last quarter to convert the 1980’s vintage office building into an 86-unit townhome community that is planned to offer a mix of two-, three-, four-bedroom and live/work units.