The recent sale of a 199,834-square-foot office tower in the South Coast Metro area of Santa Ana may be a harbinger of good news for the sector in Orange County, according to local brokers.
The ball is rolling for Costa Mesa’s One Metro West, a long-awaited 16-acre mixed-use project that received approval two years ago after facing pushback and legal challenges from the community.
Irvine-based Greenlaw this month closed on the purchase of the 2050 Main Street building, marking the priciest sale for an office tower seen in the area around John Wayne Airport this year.
The Surf City buy marks the second reported value-add play for the entrepreneur and philanthropist this year, trailing a $25 million South Coast Metro office acquisition in February.
City of Hope cancer treatment and research center on Sept. 12 announced the donation from Andrew and Peggy Cherng, co-founders and co-CEOs of the Rosemead-based restaurant chain Panda Express.