In yet another surprising twist surrounding Laguna Niguel’s Ziggurat, a real estate startup from Long Beach says it’s the winning bidder for the government office complex.
Hilco Development Services said Tuesday, Nov. 5, that it won a lengthy federal auction for the Chet Holifield Federal Building and its 89 acres of prime south Orange County land.
The company’s $177 million bid – $107 million above the initial asking price – was the highest in an online auction with unidentified bidders that ran almost five months and ended Oct. 24.