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ANAHEIM, CA-Orangewood Project Owner LLC, a developer based in Newport Beach, has bought a site spanning 3.8 acres at 2211 E. Orangewood Avenue in Anaheim for $8.5 million, which translates into $2.2 million per acre. The land is allocated for nearly 320 condos, which are now expected to be developed as apartments.

Cathay Bank was the seller of the property, which the bank acquired subsequent to the loan default by the original developer West Millennium Homes in 2008.For the full story, go to Orange County Business Journal.


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