Newport Yachting Center

Peregrine Group, on behalf of ownership, executed the acquisition of the Newport Yachting Center and its wholly owned marina and parking operating entities from the Newport Harbor Corporation in December 2015.

This purchase included 3.4-acres of land that support two full-service restaurants, a wedding and banquet area tenanted by Newport Harbor Corporation, 220 existing surface parking spaces and a full service marina – all within the heart of Newport.

After acquiring the parcel, Peregrine led the formation of a multi-phased repositioning plan for all aspects (marina, parking, events, dining).