REAL ESTATE
Compiled by Michael Flagg, Times staff writer
The Irvine Co., the county’s largest landowner, and the Koll Co., one of the county’s biggest developers, have begun construction on the third phase of the Irvine/Koll Venture in the Irvine Spectrum.
The two firms, both based in Newport Beach, plan to spend $25 million on four research and development buildings at the Spectrum, a huge office and industrial park at the juncture of the San Diego and Santa Ana freeways. The entire Irvine/Koll venture is estimated at $200 million.
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