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Griffin Towers in Santa Ana set to sell for $90 million
Maguire Properties has reportedly entered into a deal to sell the office complex, says Wall Street Journal.
By Kristen SchottPublished: February 24, 2010
Maguire Properties has reportedly entered into a deal to sell the Griffin Towers in Santa Ana for $90 million, according to the Wall Street Journal.
The Los Angeles-based real estate company plans to sell the office complex to a venture between Lincoln Property Co. and Angelo, Gordon & Co., says the report.
The complex, which is located in the South Coast Metro area at the intersection of the 405 and 55 freeways, is comprised of twin 14-story towers, according to Maguire's Web site. It was built in 1987.
Maguire purchased the Griffin Towers as part of a portfolio of properties in the O.C. and L.A. areas from Blackstone Group in 2007, notes the Wall Street Journal. The total cost was about $3 billion.
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Readers Feedback:
$90M is way too much...I work here...the place is not modern at all...the elevators are slow because of the fat people from CCI going up or down 1 floor at a time...the parking totally sucks..only warm water in the bathrooms which have carpet, wtf is that about? how about tile throughout the buildings...the carpet is old, worn and dirty...
Comment at 2/24/2010
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The Los Angeles-based real estate company plans to sell the office complex to a venture between Lincoln Property Co. and Angelo, Gordon & Co., says the report. The complex, which is located in the South Coast Metro area at the intersection of the 405 and 55 freeways, is comprised of twin 14-story towers, according to Maguire's Web site. It was built in 1987. Maguire purchased the Griffin Towers as part of a portfolio of properties in the O.C. and L.A. areas from Blackstone Group in 2007, notes the Wall Street Journal. The total cost was about $3 billion. Related headlines Irvine's Suffolk Construction lands $35.5 million school project Voit directs seven-year, $5.4 million lease in Anaheim Forever 21 expands at Fashion Island Tustin retail center sells for nearly $3 million |
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Readers Feedback:
$90M is way too much...I work here...the place is not modern at all...the elevators are slow because of the fat people from CCI going up or down 1 floor at a time...the parking totally sucks..only warm water in the bathrooms which have carpet, wtf is that about? how about tile throughout the buildings...the carpet is old, worn and dirty...
| Comment at 2/24/2010 |
