The Orange County Business Journal is reporting the Mammoth Equities buildings on Rancho Viejo Road are in bankruptcy.
From the story:
A San Juan Capistrano-based development built for small office users in 2006 has fallen into bankruptcy, according to court records.
Mammoth San Juan Capistrano I LLC filed for Chapter 11 bankruptcy this week in state court in Santa Ana.
The filing lists the company having between $10 million and $50 million in liabilities.
The company appears to be the registered owner of the Mammoth Professional Office Park, a two-building, 105,745-square-foot office complex built during the commercial real estate boom on the hills overlooking the San Diego (I-5) Freeway.
If these are those newest buildings built for the school administration office. They should have used that money for building class rooms, so now there aren't offices nor class rooms. Wake up people who are we voting into these positions?
Posted by: Bibi | July 11, 2009 at 11:38 AM