Photo credit: LA Times
OC Business Journal just revealed the next step in News Boy’s demise. Their lead,
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.
Santa Ana Developer Mike Harrah has recently bought the Register’s building and is expected to bid on the land as well.
When/if this transaction goes thru, there’s no word on what Kushner would do with the cash — hopefully, he’ll pay his delivery people — we’ve seen all of ONE paper here in the last seven calendar days.