Newport Beach's Historic Balboa Theater Sold With Restoration Planned, Dana Point Ritz-Carlton Changes Hands at an Estimated $600 Million
Orange County, California — Newport Beach's historic Balboa Theater has been sold, with restoration planned, according to a November 1 roundup of Orange County local news. The theater is one of Newport Beach's landmark buildings. No sale price or restoration timetable was published for the transaction.
The same roundup reported that Dana Point's Ritz-Carlton, Laguna Niguel, has also changed hands, at an estimated value of $600 million. The property is a large coastal resort hotel in southern Orange County.
The two transactions appeared in the roundup alongside the 250th anniversary of Mission San Juan Capistrano and Huntington Beach's appeal of the state audit of its Pacific Airshow settlement. Transaction details are governed by the parties and county records, and the roundup did not name the buyers.
The roundup did not publish the scope of the Balboa Theater restoration plan or post-sale operating arrangements for the Ritz-Carlton property.
Published by GSM · USA (original Chinese edition)
Photo: Wikipedia/Wikimedia Commons 词条主图：Balboa Theater (Newport Beach, California)
