View from Mar Vista home: sold for $6 million

View from Mar Vista home: sold for $6 million

Former McMonigle agent Chris Sirianni recently joined Stanaland’s Laguna Beach-based Stanaland Group, part of Hom.

One of Stanaland’s recent sales was a former McMonigle listing at 29 Strand Beach Drive in Dana Point, which closed at $14.1 million.

Stanaland picked it up about three months ago. He said he was called and interviewed for the listing.

McMonigle had the listing for a couple of years.

McMonigle’s Newport Beach-based McMonigle Group Inc. has not filed bankruptcy. He cited “an ongoing stalemate with uncooperative lenders” as the reason for his personal filing.

McMonigle is trying to head off foreclosure on Villa del Lago, a 12.5-acre estate at 1 Pelican Hill Road North being built by him in Newport Coast. His funding for the project was cut off last year. The unfinished estate is listed at $37 million.

McMonigle Group once was an affiliate of Coldwell Banker. McMonigle went independent late last year.

Surterre Update

Newport Beach-based Surterre Properties Inc. attributes some of its recent sales to McMonigle listings, former and otherwise.

For the first four months of 2011, Surterre had $300 million in deals with an average sale of $1.3 million.

In March, half of Surterre’s closings were $4 million and up, according to the brokerage.

Surterre has hired real estate veteran Tom Iovenitti to head up business development.

Iovenitti is former president and chief operating officer of Coldwell Banker Residential Brokerage’s Orange County and Coachella Valley areas.

Iovenitti is charged with opening a Surterre office in Dana Point’s Monarch Beach in June as well as looking at possible expansion sites throughout the state and other cities across the U.S.

Surterre has offices in Newport Beach, Corona del Mar, Laguna Beach and Ladera Ranch. The company recently signed a $4.5 million, six-year lease at its nearly 20,000-square-foot Newport Beach headquarters.

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