Newmark Pacific Arranges Lease on Behalf of Noble Ace at Historic Heisler Building in Downtown Laguna Beach, California

July 15, 2026 11:00 AM

Newmark Pacific announces the Company has facilitated a lease for historic Heisler Building, a 6,654-square-foot property in the heart of Downtown Laguna Beach, California, to Noble Ace, a new restaurant concept founded by hospitality entrepreneur Elizabeth Schreiber and acclaimed Chef Magellan Moore.

Newmark Pacific Associate Director Vanessa Brown-Pope represented the tenant in the transaction. The landlord was represented by Pegasus Investments.

Located in one of Southern California's most coveted coastal retail and hospitality corridors, the Heisler Building offers ocean views and a spacious first-floor layout within a two-story structure. Noble Ace will bring a distinctive dining experience to the property, blending elevated cuisine, hospitality and design inspired by classic Hollywood glamour.

"The Heisler Building presented a rare opportunity to secure a truly iconic location in Downtown Laguna Beach," said Brown-Pope. "Noble Ace" is exactly the type of thoughtfully curated concept that resonates with both residents and visitors seeking exceptional dining experiences. Elizabeth Schreiber and Chef Magellan Moore have created a vision that respects the building's historic character while introducing an exciting new culinary offering to the community."

Noble Ace is designed to deliver an intimate, sophisticated hospitality experience centered on exceptional food, service and atmosphere. The concept reimagines the space while preserving the charm and architectural character that have made the Heisler Building a landmark within Laguna Beach.

"Working alongside Elizabeth and Chef Magellan throughout the site selection and leasing process was especially rewarding because of their shared commitment to hospitality and guest experience," Brown-Pope added. "This transaction reflects the continuing demand for unique, experience-driven restaurant concepts in premier coastal markets and highlights the value that can be created through the thoughtful repositioning of historic properties."

Downtown Laguna Beach remains a sought-after dining, retail and tourism destination in Southern California benefiting from strong visitor traffic, a walkable coastal environment and a concentration of destination-oriented businesses. As consumers increasingly prioritize experiential dining and hospitality offerings, well-located, character-rich properties such as the Heisler Building continue to attract innovative operators seeking to establish flagship locations in high-barrier-to-entry markets.

About Newmark Pacific
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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