The properties will be sold to Greenlaw Partners of Newport Beach for $46 million. The church will lease back the landmark venue in hopes of continuing to use it for its 'Hour of Power' broadcasts.
Crystal Cathedral Ministries' church and 40-acre campus will be sold to an Orange County real estate developer for $46 million but leased back by the church in hopes of recovering the landmark venue for its "Hour of Power" broadcasts, federal bankruptcy court filings disclosed Friday.
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