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REAL ESTATE: First deal in OC for Pasadena venture
A Pasadena-based real estate investment and development company has taken over ownership of Trinity Broadcasting Network's iconic campus in Costa Mesa and is evaluating leasing and development options at the 6.2-acre site.
Alliance South Coast Properties LLC, a recently formed venture that has one other Southern California property in its portfolio, this month closed on the purchase of the Bear Street campus of the Christian-focused network.
The site sits on the southern edge of the San Diego (405) Freeway across from South Coast Plaza and is one of the most recognizable properties in Orange County.
The ornate property is best known for its elaborate light show that used to...