Retailer makes $47.5 million offer for Crystal Cathedral
By DEEPA BHARATH (courtesy Discern the Times forum) GARDEN GROVE – Hobby Lobby Stores, Inc., which recently donated the 170-acre Rancho Capistrano property to Rick Warren’s Saddleback Church, has put in a $47.5 million cash offer to purchase the financially struggling Crystal Cathedral. This offer from the Oklahoma-based arts and crafts retailer comes days after … [Read more…]