Real Estate News: Lennar Buys Irvine Office Campus with City OK for 426 Homes

Real estate news: Lennar buys Irvine office campus with city OK for 426 homes

A joint venture with TPG Angelo Gordon paid $232 million for the 6-acre property on Von Karman between Barranca and Alton parkways.

Von Karman Creative Campus Trades to Lennar for Reported $232M

Foxfield LLC, in partnership with IRA Capital, has sold the Von Karman Creative Campus, a 25-acre site in Irvine, California, to Lennar Corporation. Reportedly one of Orange County’s largest recent land sales at $232 million, the transaction marks the conclusion of a multi-year redevelopment and entitlement effort to transform an aging office campus into a fully entitled residential development opportunity. The project was guided by a long-stand…