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In yet another twist surrounding the sale of the iconic Ziggurat building in Laguna Niguel, the U.S. General Services Administration abruptly canceled last week its high-profile online auction of the 92-acre site. The agency now says it will relaunch the bidding process later this month.
“The U.S. General Services Administration announced the cancellation of the recent online auction of the Laguna Ridge property in Laguna Niguel,” the agency said in a May 7 statement. The stunning move comes less than two months after the GSA terminated a prior deal with Hilco Development Services and its investment partner, Jeff Pintar of San Juan Capistrano-based Pintar Investment Co., who were declared the winning bidders last year. The agency instead awarded the property to Hoag Memorial Hospital Presbyterian in late March following a legal challenge filed by the hospital…