Dorian Hargrove 12:47 p.m., May 19
Copley Building Sold for $4.75 Million Advertised for $6.5 Million
You may flip your wig over this one. In today's (June 7) Union-Tribune is a quarter-page ad for a building at 7701 Herschel in La Jolla. Asking price: $6.5 million. On May 4, the County Assessor's office reported that this building was sold for $4.75 million to 7701 Herschel LLC, which, according to state records, has the same address as Platinum Equity, which has purchased the Union-Tribune. On May 4, the assessor's office recorded sales of several other properties including the Mission Valley U-T headquarters to Platinum entities. The 7701 Herschel building, now vacant, once housed Copley Information Systems. It appears the building has gained significant value in about a month's time.