C3 Development

About C3 Development

C3 Development is a real estate operator headquartered in Newport Beach, CA. C3 Development operates in Los Angeles, California (LA), San Bernardino-Riverside-Ontario, California (Inland Empire) and San Diego, California. Its investment focus is on Condominiums, Covered Land & Land Banking and Industrial.

C3 Development Group is a commercial real estate developer focused on commercial condominium conversions and light industrial / small-bay industrial assets. Its leadership team asserts over 60 years of combined experience and the firm claims to have completed 60+ ground-up developments & conversions and sold more than 1,500 commercial condominium units. C3 was formally founded in 2002 when its co-founder Mark Heavey pioneered a commercial condo project, though the current corporate entity has been active since 2019 in acquiring and converting properties. The company’s core real estate focus is acquiring existing multi-tenant industrial properties (Class A & B small-bay industrial, flex, medical / light industrial buildings) primarily in western U.S. markets, and converting them into commercial condominium units.

Principals at C3 Development