The General Services Administration announced Wednesday it sold a massive, long-vacant federal office complex in Southern California to an affiliate of Hoag Memorial Hospital Presbyterian, marking one of the largest property sales in the Trump administration’s effort to shrink the federal real estate footprint and reduce government waste.
The more than 1 million-square-foot former Chet Holifield Federal Building, better known as the “Ziggurat” for its distinctive stepped-pyramid design, sold for more than $207 million to Laguna Ridge Health Care Development, an affiliate of the Orange County nonprofit hospital system.
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