A 24-acre office campus in the Irvine Business Complex is due for a residential conversion after it sold for $232.1 million, fetching more than double its last sale price in one of Orange County’s largest recent land sales. A joint venture of TPG Angelo Gordon and Essential Housing Asset Management, an affiliate of Miami-based homebuilder Lennar, acquired the former Von Karman Creative Campus from IRA Capital, according to Traded. The nine-building campus totals roughly 433,000 square feet, putting the deal at $536 per square foot. The deal closes the book on a yearslong effort to transform the aging property into […]
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