Irvine Buildings Sold: In a deal estimated...
From Times Staff and Wire Service Reports
Irvine Buildings Sold: In a deal estimated to be worth more than $40 million, Newport Beach developer Hillman Properties sold two buildings in Irvine near John Wayne Airport to a partnership including billionaire Robert M. Bass. The partnership is leasing most of the space in the buildings--about 234,000 square feet--to Bass’ American Savings Bank. The lease is the third largest ever signed in Orange County. American, one of the nation’s biggest thrifts with $16.3 billion in assets, finished moving 500 people into the buildings last week from offices in Whittier, Sherman Oaks, Fullerton and elsewhere in Irvine.
