Owner sheds O.C.'s tallest building

Owner sheds O.C.'s tallest building

There are 2 comments on the Capistrano Valley News story from Jul 25, 2011, titled Owner sheds O.C.'s tallest building. In it, Capistrano Valley News reports that:

The owner of City Tower - the 21-story landmark office tower next to The Block shopping center in Orange - says it's disposed of the property and relieved itself of the $140 million debt associated with the building.

Join the discussion below, or Read more at Capistrano Valley News.

Lisa

Los Angeles, CA

#1 Jul 26, 2011
Does anyone know who MPG disposed the building to? Who owns it now?
Potshot

United States

#2 Aug 19, 2011
I've worked on that building before and know it is a money pit. Poor maintenance over the years and lots of asbestos to deal with every time you have to do something there.

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