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REAL ESTATE

From Times Staff and Wire Reports

Claremont McKenna College Buys Stake in Irvine Co. In an unusual investment move, the small private liberal arts school near Pomona has purchased a $5-million stake in the Irvine Co., one of Southern California’s largest landowners. Earlier this year, in a confidential prospectus sent to selected investors, Howard P. Marguleas, an Irvine Co. director since 1977, said he was selling his 5.05% minority stake in the privately held company--shares for which he is seeking about $94 million. The Claremont McKenna College purchase represents just over 5% of Marguleas’ stake.


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