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Real Estate/Development

Apr. 18, 2007

San Diego Catholic Nonprofit Faces Probe of Real Estate Assets

Plaintiffs attorneys will ask a bankruptcy judge to annul all real estate and cash transfers by the Roman Catholic Diocese of San Diego over allegations the diocese – facing charges of sexual abuse by priests – has transferred property to a nonprofit to protect its assets.

By Sandra Hernandez
Daily Journal Staff Writer

      LOS ANGELES - On paper, Catholic Secondary Education owns the kind of real estate that would make most developers drool.
      The nonprofits' holdings include a 46-acre state-of-the art high school and a second swath of coastal land with a reported selling price of $65 million.
      But the group's enviable asset...

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