Private school changes hands in $9 million transaction: Pacific Christian campus sold to Korean religious school.A 100-year-old Christian school A Christian School is a school run on Christian principles or by a Christian organization. The nature of Christian schools varies enormously from country to country according to the religious, educational, and political culture. near South Pasadena South Pasadena (păs'ədē`nə), city (1990 pop. 23,936), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1888. Medical supplies, clothing, and transportation and electronic equipment are manufactured. was sold after being shuttered shut·ter n. 1. One that shuts, as: a. A hinged cover or screen for a window, usually fitted with louvers. b. two years ago. The seven-acre site of Pacific Christian on the Hill Pacific Christian on the Hill was a small private college preparatory school located in the Hermon area of Los Angeles. Origins Pacific Christian on the Hill (PCH), originally Pacific Christian High School, was founded in 1965, but its roots go back to 1904 with the was purchased Dec. 7 for $9 million by Bethesda Christian University, ending a two-year effort by Pacific Christian to sell the property. Initially, residential developers eyed the 625 Coleman Ave. parcel, but community members in Hermon, just west of South Pasadena, vehemently opposed a residential development at the site. KB Home was slated to buy it but the deal fell through when executive Barry Kamel, who had championed the deal, left the homebuilding company. Richard Riesen, the school's former principal, said that Pacific Christian all along had preferred to sell the parcel to another school, and preferably a Christian one. "In the initial round of bidding for the property from the schools that bid, they couldn't have paid near what developers could pay, because (the schools) were non-profit," Riesen said. "In the end the buyer was quite able to meet fair market price." Riesen, who is a member of Pacific Christian's six-person leadership board, said that body will take the proceeds of the sale and create a scholarship fund to help send children to Christian schools. Bethesda University is a Korean vocational school based in Anaheim that provides religious training. Bethesda's exact plans for the site are unclear and the university did not return calls seeking comment. Riesen said Pacific Christian was forced to close in summer 2004, when the school "simply ran out of money." The school was founded in 1904 as a college preparatory academy for grades seven through 12 and had an enrollment of about 120 students. "The school could no longer operate in that neighborhood; financially there were not the resources," Riesen said. "It is part of a national urban tragedy. Private schools are closing all over the country in urban areas where there is not a lot money, and private schools require private money to operate." Mark Tarczynski and Jeff Pion pion (pī`ŏn) or pi meson, lightest of the meson family of elementary particles. The existence of the pion was predicted in 1935 by Hideki Yukawa, who theorized that it was responsible for the force of the strong of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group Inc. represented Pacific Christian in the sale. Richard Park
Richard Park (Korean: 박용수) (born May 27, 1976 in Seoul, South Korea) is an American professional ice hockey player in the National represented Bethesda University. |
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