January 30, 2012
Evangelical group Crystal Cathedral Ministries and its plan agent on Friday asked a California bankruptcy judge to amend the sale order for the group's megachurch property to clarify that there are no liens against it, despite claims of a 99-year lease from an entity called The Crystal Cathedral.
December 09, 2011
Beleaguered evangelical group Crystal Cathedral Ministries asked a California bankruptcy judge Thursday to reject real estate firm CBRE's bid for a $575,000 commission from the $57.5 million sale of the group's megachurch property, saying CBRE was never actually retained as a broker.
December 01, 2011
The Vatican has given the Diocese of Orange, Calif., the go-ahead to acquire megachurch Crystal Cathedral and its surrounding campus from outgoing evangelists, clearing the way for the $57.5 million bankruptcy sale, the diocese said Thursday.
November 18, 2011
A bankruptcy judge on Thursday approved the Diocese of Orange, Calif.'s $57.5 million bid to buy megachurch Crystal Cathedral, turning aside competing bids by a local university that wanted to develop the 40-acre property but offered the church's Protestant founders access to its structures.
November 10, 2011
The battle for a prized, towering glass cathedral in Orange County, Calif., isn't over yet, as the bankrupt ministry's creditors on Wednesday co-endorsed competing sweetened offers from neighboring Chapman University and the local Catholic diocese.
October 26, 2011
The bankrupt owners of a landmark 2,800-seat glass cathedral in Southern California will sell it to nearby Chapman University for $50 million, snubbing a higher offer from the local Catholic diocese and ignoring creditors who said the bid was too low, according to statements late Wednesday.
August 10, 2011
Creditors threatening to force bankrupt Crystal Cathedral Ministries into a sale revealed in a disclosure statement Tuesday that the church had received a sweetened $53.6 million offer for its 35-acre Southern California campus.