Nonprofit Irvine Community Land Trust and developer USA Properties have paid $26.5 million for a 70,000-square-foot office building in Irvine, with plans to turn it into affordable apartments. The pair bought the two-story building at 2400 Barranca Parkway from Pasadena-based Gemdale USA, a unit of China-based Gemdale, which had scotched plans to replace it with […]
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