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$50M Office Sale Reflects Evolving Market

IRVINE, CA-The sale of the 246,763-square-foot 3 MacArthur office tower reflects the changing nature of the office investment market both here and throughout the US.

By Bob Howard | Updated on August 02, 2011

(Mark Your Calendars: RealShare Orange County, August 18 in Newport Beach).

IRVINE, CA-The 246,763-square-foot 3 MacArthur office tower has sold for the second time in less than two years in a deal that reflects the evolving nature of the office investment market both here and throughout the US. Kevin Shannon, a CB Richard Ellis vice chairman who was one of those who negotiated both the recent sale of 3 MacArthur and its previous sale, tells GlobeSt.com that the latest sale is both an example of how the office investment market has evolved in the past two years and how it is expected to play out in the future.

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