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Little Saigon condo complex in receivership

July 14, 2011 | 12:40 pm

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.

Jasmineplace 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