About Continental East Development
Continental East Development, Inc. (CED), headquartered in Murrieta, California is a well-capitalized full-service real estate operating company. CED acquires, develops and manages retail, office, medical building properties and is actively developing new multi-family and senior care communities.
To date, all CED real estate acquisitions have been debt-free. CED is seeking real estate investment opportunities for new retail, medical clinics, medical office buildings, and market rate multi family developments.
Continental Villages Phase I
Moreno Valley, CA
Lydia Percia, Senior Vice President and Co-Founder of Continental East Development, Inc., (CED), negotiated and sold Continental Villages Phase I. The project is located at 16340 Lasselle Street in Moreno Valley, California, directly adjacent to Moreno Valley Junior College. Continental Villages is a master-planned + 19-acre development. Phase One consisted of a +7-acre site and a new 125-unit market-rate multifamily development. The community successfully sold to FPA Multifamily, LLC. for $35 Million. Kyle Pinkalla, Managing Director of NorthMarq, assisted Lydia in the sale. The closing of the property is the highest market comp paid to date in Moreno Valley for a Multifamily community.