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The Heights, a five-building, 489,817-square-foot office complex in Aliso Viejo, has seen its lender take over the property via a foreclosure auction, trading hands for less than half its prior valuation.
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.
Corona-based Watermarke Properties has paid $36.3 million for a pair of offices in the South Coast Metro area of Santa Ana, in the largest multifamily redevelopment play on the books for the city.