Gaines pays $42M for office building with 16 stories in Irvine

Gaines Investment Trust has bought a 16-story office building in Irvine for $42 million. The La Jolla-based investor purchased the 311,000-square-foot property at 2600 Michelson Drive, the Orange County Business Journal reported. The seller was CBRE Investment Management, based in New York. The deal works out to $135 per square foot.  What CBRE paid for […]This article originally appeared on The Real Deal. Click here to read the full story.