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San Diego-based Cruzan and financial partner Cigna Investments refinanced a 224,000-square-foot office complex in Laguna Hills for $56 million.
The partners bought it in 2015 for $46 million, or about $206 a square foot, when it was at about 78% occupancy, and put about $13 million into upgrades.
CBRE Group arranged the new loan on the property, now fully leased.
For more on the deal, see the print edition of the July 29 Business Journal.