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Von Karman Creative Campus Trades to Lennar for Reported $232M

Summary by Connect CRE
Foxfield LLC, in partnership with IRA Capital, has sold the Von Karman Creative Campus, a 25-acre site in Irvine, California, to Lennar Corporation. Reportedly one of Orange County’s largest recent land sales at $232 million, the transaction marks the conclusion of a multi-year redevelopment and entitlement effort to transform an aging office campus into a fully entitled residential development opportunity. The project was guided by a long-stand…
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Connect CRE broke the news in on Thursday, February 19, 2026.
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