Irvine Company’s “The Launch”

Cress Capital, a commercial real estate investment firm in Newport Beach, has acquired five office buildings totaling 461,920 square feet in Cerritos for $89.5 million.

The offices are part of a 125-acre mixed-use development — the Cerritos Towne Center, built between 1989 and 1998 — that features more than 1 million square feet of Class A office space, a full-service hotel, the Cerritos Center for the Performing Arts and a 600,000-square-foot open-air retail center.