ORANGE COUNTY, CA-CB Richard Ellis Strategic Partners U.S.Opportunity 5, an investment fund of CB Richard Ellis Group Inc.,recently bought a 386,000 square-foot office complex comprisingfour buildings situated off the Garden Grove (22) Freeway in aforeclosure sale.


The terms of the deal were not disclosed though realty sourcesestimate it at $65 million almost half of what Birtcher AndersonRealty LLC and General Electric Co.'s GE Asset Management paid forthe complex in 2007. For the full story, go to Orange County BusinessJournal.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.