Orange’s City Plaza Sold at Massive Discount - Orange County Business Journal

Orange’s City Plaza Sold at Massive Discount - Orange County Business Journal

One of the most recognizable office buildings in Orange County changed hands for $18.5 million. Newport Beach-based Surlamer Investments bought City Plaza, a 19-floor office building for nearly $52 per square foot according to CoStar data. The sale price, on a per square foot basis, is likely one of the cheapest deals ever for Orange County. City Plaza, per CoStar, was only 14% leased at the time of the sale. Surlamer Investments bought the offi…