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IRVINE, CA-A joint venture of Hines and Crescent Real EstateEquities that is developing a new 266,000-sf class A officebuilding at 2211 Michelson Dr. has signed Pathway CapitalManagement as the first tenant in the new office tower. Pathway,which creates and manages specialized private equity funds forinstitutional investors worldwide, has signed for 37,250 sf in along-term deal at the new building, which is scheduled to becompleted in the spring.

According to Doug Holte, western regional partner and directorof Hines' Orange County and San Diego operations, Pathway will berelocating and expanding to 2211 Michelson in the fall of this yearfrom its current offices at 5 Park Plaza in Irvine. The privateequity fund manager will occupy the entire ninth floor and aportion of the eighth floor of the 12-story tower.