According to Cushman & Wakefield's Bob Griffith and Jon Nesbitt, who represented EOP in the transactions, the sales included two properties sold to Newport Beach-based Layton-Belling & Associates through its $650-million LBA Realty Fund, and a sale of three buildings at Centre Pointe in Irvine to CIP Real Estate.

The assets that LBA acquired from EOP, for approximately $36 million, include the 118,843-sf Oakbrook Plaza in Laguna Hills, which was built in 1984, and the 57,245-sf East Hills Office Park in Anaheim Hills. Oakbrook Plaza is a class A building at 24422 Avenida de la Carlota that overlooks Interstate 5 between El Toro Road and Alicia Parkway. East Hills Office Park is a 15-year-old property at 180 N. Riverview Dr., at the corner of Weir Canyon and Santa Ana Canyon roads. The sale also included 4.1 acres of land immediately adjacent to the property that is entitled for a 62,500-sf office building.

In the CIP transaction, which was reported previously on GlobeSt.com, CIP bought three office buildings at the Center Pointe office complex totaling 67,557 sf for $10.6 million, making Irvine-based CIP the owner of four of the eight buildings in the office park. The three concrete and reflective glass buildings comprise 24,592 sf (at 19712 MacArthur Blvd.), 17,901 sf (19722 MacArthur Blvd.) and 25,064 sf (19732 MacArthur Blvd.). The Centre Pointe project was developed in 1979. In December 2002, CIP acquired a 38,000-sf building at 19762 MacArthur Blvd. in the development and later consolidated its headquarters on the top floor of the three-story building.