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FivePoint and City of Hope Complete Building & Land Sale for a $1B World-Class Cancer Care Center at FivePoint Gateway in Irvine, Taking Next Step in Strategic Healthcare Partnership

May 28, 2020 - Business Wire

Culminating nearly two years of ongoing discussions and planning, City of Hope acquired a 190,000-square-foot, four-story building and adjacent land for $108 million from Five Point Office Venture I, LLC, a joint venture of Five Point Holdings, LLC (NYSE: FPH), in the FivePoint Gateway campus. The campus is part of FivePoint's Great Park community.

City of Hope plans to immediately begin converting the building at 15161 Alton Parkway into its first comprehensive cancer center outside of it...