Tribune Media

Ex-L.A. Times plant in Costa Mesa is sold in $65-million deal

Ex-L.A. Times plant in Costa Mesa is sold in $65-million deal

The former Los Angeles Times plant in Costa Mesa, which has been slated for a revamp as an office complex, has been sold to new owners as part of a $65-million deal, according to a news release Thursday.

A joint venture that includes SteelWave LLC — owner of the Hive office complex next door, whose tenants include the Los Angeles Chargers — bought the roughly 25-acre property at 1375 Sunflower Ave. from Tribune Real Estate Holdings and Kearny Real Estate Co. The purchase also includes an adjacent parcel at 3370 Harbor Blvd. that contains a baseball field.

For the past few years, Los Angeles-based Kearny has been pursuing a $100-million effort to redevelop the former Times...

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