Chartwell Real Estate Development has acquired the iconic Balboa Fun Zone on the Balboa Peninsula in Newport Beach, Calif. from the Discovery Cube Museum. The block-long, 34,200 -square-foot, mixed-use, waterfront property includes the existing buildings, adjacent marina, parking garage, and a boardwalk which is home to the iconic Balboa Ferris wheel, rides, and attractions. Chartwell’s Operating Partner Henry Pyle led the acquisition on behalf of the Pyle family, who have been Newport Beach residents since the 1960s.
Read More