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Tuesday, May 24, 2022

Freedom Communications Lists Santa Ana Land for Sale

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The owners of the Orange County Register have relisted for sale 14.3 acres of land that surrounds the company’s headquarters in Santa Ana.

Freedom Communications Inc. is hoping to make $45 million or more on the land sale, which follows last month’s $27 million sale of the paper’s 173,000-square-foot office at 625 N. Grand Avenue.

Brokers with the Irvine office of The Hoffman Co. have the listing for the land. Offers are due by October 22.

Santa Ana developer Mike Harrah, who bought the Register’s office and is leasing back the building to the newspaper under a long-term deal, is expected to be a bidder for the land, which could hold a variety of residential and mixed-use development.

Newport Beach-based William Lyon Homes also is a potential bidder for the land. The homebuilder entered into a purchase and sale agreement with Freedom Communications late last year to buy the land, but did not close on the deal.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.

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