COSTA MESA, CA—A joint venture that includes SteelWaveLLC has purchased the former L.A.Times building known as the Presshere for $65 million from Tribune Real EstateHoldings, a subsidiary of Tribune MediaCo., and Kearny Real Estate. Kearny hasworked with the City of Costa Mesa for the pasttwo years to re-entitle and redevelop the 24-acresite, which, when built out, could be the largestcreative-office campus in Orange County, partnerHoonie Kang tells GlobeSt.com.

“We successfully re-entitled the site tomixed-use commercial fromindustrial and more than doubled the FAR to allowmore than 655,000 square feet of creative-office space,” saysKang. “While paying tribute to the storied past of theexisting Times building, the open design and collaborativelayout of the interior space in connection with the outdoor workand recreational spaces would create a one-of-a-kind officeenvironment in the area.”