Little Saigon condo complex in receivership
An upscale condominium complex that opened in 2009 in the heart of Little Saigon in Westminster has been placed in receivership and converted to apartments.
The 136-unit development has been renamed Jasmine Place. The four-story complex has a French-inspired design with Asian overtones and was originally valued at more than $57 million, receiver Taylor B. Grant said.
The property was developed by Moran Property Limited Partnership and Asian Gardens II.
Eight condo owners remain in the complex at 15100-15200 Moran St. Western National Property Management has been hired to manage and lease the other units, said Grant, who heads Newport Beach-based Real Estate Receiverships.
The complex will officially reopen Tuesday.
-- Roger Vincent
Photo: Jasmine Place in Westminster. Credit: Real Estate Receiverships