Shopoff Sells Site of Proposed Newport Beach Condo Development

Shopoff Realty Investments has sold a proposed 1.06-acre condominium development, Park Palm in Newport Beach, to Shea Homes for an undisclosed sum. The property is part of Shopoff’s master plan community, Uptown Newport Village, and is entitled for 23 townhomes. Shopoff acquired the 25-acre Uptown Newport Village site in December 2010. The firm set out...