Two Newport Beach office towers that are home to a pair of chipmakers are changing hands again.
Real estate investor and coin dealer John Saunders and other investors are buying the two 10-story buildings from KBS Realty Advisors LLC, which owned them for about a year.
Conexant Systems Inc. and spinoff Mindspeed Technologies Inc. have their headquarters in the buildings near John Wayne Airport.
The price: $136 million. The towers, which total 370,000 square feet.
That puts the deal at about $368 per square foot, one of the priciest office buys for the county.
Saunders bought the building, known as Koll Center Newport, with others as part of Core Realty Holdings LLC, a Newport Beach-based company that pools together investors on real estate buys.
For more on this story, see the Jan. 23 edition of the Business Journal.
