IRVINE OFFICE BUILDING RECEIVES $28M IN JOINT VENTURE EQUITY

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IRVINE, CALIF. – A 225,992-square-foot, Class A office building in Irvine has received $28 million in joint venture equity. Greenlaw Partners will use the equity proceeds to acquire the ownership interests of its previous venture partners. The building is located at 18301 Von Karman. The loan was arranged by HFF’s Todd Sugimoto and Jeff Sause. The equity was secured through Cigna Investments in an off-market recapitalization. HFF also advised the new partnership on the senior loan.

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