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IRVINE, CA—Office owners are not going to be able to rely on rent growth, so they will need to focus on value engineering and lease structuring in order to see greater returns on their investment, New York Life Real Estate Investors‘ managing director Thomas O’Hanlon tells GlobeSt.com. As we recently reported, his firm’s recently acquired 18201 Von Karman, a 229,000-square-foot, 11-story, institutional-quality office building here, to be overseen by Greenlaw Partners. We spoke exclusively with O’Hanlon and senior director Chris Hunt about their plans for the property, the Orange County market and the outlook for office investment this year.

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