71 F
Laguna Hills
Wednesday, May 29, 2024
-Advertisement-

Chipmaker Towers Sold Again

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.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

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.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-