Irvine Business Complex
TPG Angelo Gordon, Lennar-Backed JV Acquires 24-Acre Von Karman Campus for $232MM Residential Conversion in Irvine
IRA Capital more than doubles its investment in three years after navigating entitlement process to rezone former office park for 426-home community A...
Orange County Multifamily Vacancy Drops to 3.6% as Construction Deliveries Fall 67%
Rent growth holds at 2% while average sales price climbs to $343,046 per unit Southern California’s apartment market is showing signs of tightening...
IRA Capital’s $100MM Irvine Office Acquisition Becomes 426-Unit Housing Development After City Pushback
In a shift from industrial to residential development, private equity firm IRA Capital is moving forward with a massive 426-unit housing project in...
Oregon’s Foundation of Affordable Housing Pays $15.5MM for 82-Unit Garden Grove Senior Property
Oregon-based operator pays premium for Garden Grove senior property as region grapples with housing shortage The Foundation of Affordable Housing’s $15.5 million acquisition...
Hyundai Glovis Spends $22.1MM on Irvine Office Building Purchase from Sentre
Transportation giant Hyundai Glovis has strengthened its Orange County presence with the $22.1 million acquisition of a prime Irvine office building, marking one...
Formosa Acquires 310,000 SQFT Newport Beach Office Campus for $33MM
Formosa Ltd., a venture led by Orange County businessman and philanthropist Joe C. Wen, has acquired 5000 Birch Street, a two-building, 310,000-square-foot Class...
Irvine Community Land Trust & USA Properties Spend $26.5MM on 5-Acre Irvine Redevelopment Site
IRVINE, Calif., Feb. 7, 2025 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 2400...
Greenlaw Partners Acquires Irvine’s 234,400 SQFT Von Karman Towers for $37MM
The Von Karman office towers at 18201 Von Karman Ave. have been sold. On December 23, 2024, the property changed hands for $37...
TP-Link Buys 157,455 SQFT Jamboree Business Center in Irvine for $40MM
By Rhiannon Saegert Jamboree Business Center, a 157,455-square-foot office building in Irvine, has been sold for $40.5 million, or roughly $254 per square...
CBRE Global Investors To Sell 16-story, 310,925 SQFT Irvine Office Building
By Rhiannon Saegert A 16-story, 310,925-square-foot office building in Irvine at 2600 Michelson Drive is now available for purchase. The property, situated in...
Irvine Invests $97MM in Office-to-Industrial Conversion for New Gym Facility
In a move signaling the growing demand for industrial space use across Southern California, Irvine’s City Council has approved a $96.5 million purchase...
Irvine Purchases 57,300 SQFT Building for $13MM to House City Agencies
The City of Irvine has made a real estate acquisition by purchasing a 57,300-square-foot office building for $13 million. The newly acquired property,...
