Irvine mortgage lender scoops up 104K office building from John Hancock for new HQ

A mortgage brokerage is planting deeper roots in Orange County with an office buy that doubles as a headquarters move. West Capital Lending purchased a five-story, 104,380-square-foot office building at 17911 Von Karman Avenue in Irvine for $23.8 million, L.A. Business First reported. John Hancock Life Insurance Company sold the property after acquiring it in 2016 for $34 million. The deal works out to approximately $227 per square foot. Sunwest Bank issued an $18.6 million acquisition loan for the transaction, according to Yardi Matrix data cited by L.A. Business First. West Capital plans to occupy roughly half of the building, […]This article originally appeared on The Real Deal. Click here to read the full story.