Comparable sales show Gaines left the transaction with a bargain by Irvine standards. In June, MGR Real Estate bought the building at 2020 Main Street for $53.7 million, or $198 per square foot.

Based on the report, the incident occurred around 2:20 p.m. at Jamboree Road and Main Street in the city of Irvine. Responding officials claimed that at least four or five vehicles were involved ...