One Uptown Newport, Newport Beach’s First Uptown Community Opens

Featuring a sophisticated blend of modern design and unique attention to detail, One Uptown Newport creates a premium living experience for Uptown Newport’s first community.

Cerritos Fire Department

Giving Back Program Benefits Los Angeles County Fire Department

The Picerne Family Foundation donates 2 thermal imaging cameras to Fire Station 30.  

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Giving Back Program Benefits LA County Sheriff’s Department

The Picerne Family Foundation donated 9 tactical entry vests to the Cerritos Station’s Special Assignment Team.

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The Picerne Group Makes a Difference with Orange Home Grown

Corporate office volunteers with Orange, CA charity. Read more

Picerne Residential Holds a Special Ribbon Cutting to Unveil Eleven10

Community celebrates the opening of Eleven10 Apartment Homes in the City of Orange. Read more

ELEVEN10, Orange’s Premier Luxury Apartment Community Opens

Featuring boutique hotel-style concierge services, premier resident events and over 7,000 square feet of cutting-edge social, active and stimulating amenities, Eleven10 creates a premium living experience. Read more

The Picerne Group Celebrates 30th Anniversary

Three decades of innovation, development and long-term investments lead to a special milestone. Read more

The Picerne Group Announces New Corporate Office and Addition of Senior Executive Team

The Picerne Group, a premier real estate investment firm, signed a multi-year lease to establish a 16,000-square foot corporate headquarters at 5000 Birch, a Class A office property in Newport Beach, CA.  The Picerne Group is also pleased to announce the promotion of Derek Picerne to Senior Vice President of Development and recent hires. Read more

The Picerne Group, Rockwood Capital and The Muller Company to Build Luxurious 260-Unit Apartment Community in Orange

ELEVEN10 West Expected to Begin Leasing in Summer 2017

ORANGE, CA–(Marketwired – Mar 24, 2015) –  The Picerne Group, in collaboration with Rockwood Capital and The Muller Company, have formed a joint venture on a 2.76-acre site to build ELEVEN10 West, a 260-unit multifamily rental community one-block from the Children’s Hospital of Orange County and St. Joseph Hospital Orange, Calif. This new development is expected to open for lease in summer 2017.

“The demand driver behind this well located community in Central Orange County is jobs, jobs, jobs,” said the Picerne Group Managing Director, Brad Perozzi. “Three of the top ten hospitals in Orange County are located in close proximity to the project.”

A five-story podium building at 1110 Town and Country Road just off Main Street is being designed by TCA Architects. It will include 43 studios, 117 one-bedroom and 100 two-bedroom apartments for a total of 224,293 rentable square feet. With a contemporary architectural style consistent with the objectives of an Urban Mixed-use zone, the community will improve the area with a variety of high quality materials including wood siding, metal awnings, and burnished block. The massing and articulation holds the street edge while complementing the scale of the surrounding uses.

The ELEVEN10 West community will include more than 500 parking spaces, three interior courtyards, with the massive primary pool courtyard consisting of more than 13,000 square feet including: pool, spa, cabanas and lounging areas, an outdoor entertaining space with gaming, a state-of-the-art indoor/outdoor fitness center, and a catering-style kitchen. Wi-Fi will be available in all common areas, ready for every opportunity to work or play.

ELEVEN10 West was designed to coincide with the City of Orange’s General Plan’s mixed-use vision created in 2010. Picerne Group is helping to transform an underutilized commercial site into a pedestrian-friendly horizontal mixed-use development with quality housing close to employment. The community is adjacent to a 16-story Class A office building constructed in the late 1980s as part of the first phase of development.

“Picerne cannot begin to thank the City of Orange enough for placing their faith in our firm to execute their vision. We are honored to be doing business in the City of Orange,” Perozzi said.

The community is also near the Westfield MainPlace Mall and Orange Town and Country Shopping Center. Visibility and access are excellent from the 22 freeway, and the 5, 57 and 55 freeways which are all close by.

According to the National Association of Home Builders’ formula to determine the local impact of multifamily housing in typical metro areas, adding 260 rental apartments will generate $8 million in local income, $1.9 million in taxes and other revenue for local governments and 138 local jobs.

About The Picerne Group
The Picerne Group (TPG) is a privately held, Southern California-based real estate investment firm that focuses on real estate investments nationwide, as well as best-in-class asset management. TPG has successfully invested more than $1 billion in real estate equity and debt, diversifying investments across a variety of property types and geographies in the United States. The firm’s executive committee members combined have decades of experience in managing complex portfolios of residential and commercial real estate, joint ventures and loans. Additional information is available at www.picernegroup.com.

About Rockwood Capital
Rockwood Capital, LLC is a real estate investment firm that provides equity capital combined with real estate expertise for repositioning, recapitalization, development and redevelopment of retail, hotel, residential, office and research and development space in key markets throughout the United States. Since 1990, Rockwood and its principals have invested on behalf of their clients in approximately $16.1 billion of real estate through nine funds and four separate accounts. Today, Rockwood is an 84-person real estate investment firm with offices in New York, NY, San Francisco, Los Angeles, CA and Seoul, Korea, that manages a portfolio of approximately $2.6 billion of net equity value in approximately $8.1 billion of gross real estate value. Rockwood’s investors include public and private pension funds, endowments, foundations, insurance companies, fund of funds, high net worth individuals and family offices. www.rockwoodcap.com

About The Muller Company
Founded in 1979, The Muller Company is a full-service real estate development, management, and investment company headquartered in Irvine, Calif., Muller acquires and manages office, industrial, and retail assets throughout the Western United States. Muller’s current portfolio contains 35 assets consisting of over 6.1 million square feet. Muller’s office investment total 4.6 million in square feet and comprise nearly 75 percent of the property’s square footage. www.themullercompany.com

The Picerne Group Breaks Ground at Venue on 16th, 180-Unit Apartment Community in Denver’s Historic City Park Neighborhood

Infill Multifamily Development in Growing Area Will Offer Easy Access to Dining, Entertainment and Employment

DENVER, CO–(Marketwired – Sep 30, 2014) – The Picerne Group, a privately held real estate investment firm based in Southern California with a regional office in Denver, has broken ground at Venue on 16th, a 180-unit rental community on 1.73 acres in Denver’s City Park neighborhood. Construction is expected to be completed and ready for leasing by late 2015.

Approximately 25 people, including Denver City Councilman Albus Brooks, attended the groundbreaking ceremony on September 24.

“This is truly an infill project in the historical and iconic City Park neighborhood, which is experiencing a lot of growth and redevelopment,” said The Picerne Group’s managing director Christopher Davis. “A block from the park and dining and entertainment on Colfax Avenue, this prime location offers an array of amenities and will cater to a wide demographic. Even though this project is close to employment in downtown and Cherry Creek, this new community will offer residents a desirable neighborhood lifestyle.”

The 155,000-square-foot five-story apartment building, designed by Denver-based JG Johnson Architects, will include 14 studios, 99 one-bedrooms, 63 two-bedrooms and four three-bedrooms, wrapped around a 243-space garage on the first level and a podium courtyard and pool on the second level. Interiors will be contemporary in design with gourmet kitchens including stainless steel appliances, granite countertops, European-style cabinetry, wood plank-style flooring, oversized bathtubs and mudrooms with ample storage and bike racks. Residents will have access to a resort-style pool and spa with cabanas and barbecues, a top-floor sky lounge with views of the mountains and City Park, a state-of-the-art gym and yoga studio, a pet-washing station, bocce ball court, bicycle storage and maintenance room as well as car charging stations.

CFC Construction, an industry-leading construction company based in Golden, Colorado, is the general contractor.

According to the National Association of Home Builders’ formula to determine the local impact of multifamily housing in typical metro areas, adding 180 rental apartments will generate $14.2 million in local income, $1.4 million in taxes and other revenue for local governments, and 220 local jobs.

About The Picerne Group
The Picerne Group (TPG) is a privately held, Southern California-based real estate investment firm that focuses on real estate investments nationwide, as well as best-in-class asset management. TPG has successfully invested more than $1 billion in real estate equity and debt, diversifying investments across a variety of property types and geographies in the United States. The firm’s executive committee members combined have decades of experience in managing complex portfolios of residential and commercial real estate, joint ventures and loans. Additional information is available at www.picernegroup.com.