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Burnham Acquires South Coast Home Furnishings Centre Out of Foreclosure

Costa Mesa Retail Property Sold for Approximately One-Third of 2007 Acquisition Price
By Sasha M Pardy
February 23, 2009 | 8:32 P.M.

South Coast Home Furnishings Centre, a 277,500-square-foot retail center tenanted primarily by furniture and related retailers located on 66 acres in Costa Mesa, CA, was recently foreclosed on, and then sold, at a significant discount. Newport Beach, CA-based Burnham USA Equities bought the project for approximately $37 million.

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