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August 2, 1994 | JOHN O'DELL, TIMES STAFF WRITER
In a deal that paid for itself before the ink dried on the contract, a Costa Mesa commercial developer has acquired 153 acres in San Clemente's back country for $11 million--less than a third of what the property sold for in 1988. Rancho San Clemente Partners said it plans a $100-million retail and residential development, including as many as 300 homes.
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BUSINESS
August 2, 1994 | JOHN O'DELL, TIMES STAFF WRITER
In a deal that paid for itself before the ink dried on the contract, a Costa Mesa commercial developer has acquired 153 acres in San Clemente's back country for $11 million--less than a third of what the property sold for in 1988. Rancho San Clemente Partners said it plans a $100-million retail and residential development, including as many as 300 homes.
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