IRVINE, CA-Great Far East Inc., an Irvine-based commercial realty buyer who receives funding from Chinese investors, has bought 18831 Von Karman Ave., an office building near John Wayne Airport, for $12 million from Wells Fargo & Co.
The asking rate for the four-story building, which measures 66,000 square feet, was $182 per square foot. Currently, tenants including Digital Map Products Inc. and Sun Healthcare Group Inc. have occupied space in the building. CB Richard Ellis Group Inc. represented the investor. For the full story, go to Orange County Business Journal.
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