Despite the pandemic overhang, total assessed property values hit nearly $620 billion, thanks to a gonzo home market and a resilient tech industry, Assessor Larry Stone said. Read More...
American City Business Journals
Hines sells Irvine creative office campus Intersect for $235 million to MetLife
After renovating the four-building creative office campus in 2018, Hines sold Intersect in Irvine for $235 million to MetLife Investment Management (MIM) and PGGM. “MIM was drawn to Intersect as an attractive investment through our pursuit of differentiated assets within their competitive markets alongside a backdrop of a growing technology presence as found in Orange County,” MIM Portfolio Manager Michael Vogt said. “MIM, with its real estate investment management capabilities, is thrilled to take on ownership of Intersect, which clearly benefited from its prior owner’s vision and execution.”
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