Meritage buys vacant offices to build 86 townhomes in Santa Ana

Meritage Homes has bought a vacant office site targeted for 86 townhomes in Santa Ana for $19.2 million. The Scottsdale-based developer purchased the five-story, 111,500-square-foot building at 2020 East First Street, the Orange County Register reported. The seller was Harbor Associates, based in Long Beach. The deal for the 3.7-acre property works out to $5.2 […]This article originally appeared on The Real Deal. Click here to read the full story.