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San Diego's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
City-approved developers have the right to make the first offer when subsidized housing is sold.
The deal is valued at $309 million.
Price of city-owned site, “scarcity of funding” for multifamily kills plan with developer.
Four high-volume transactions helped drive the sales.
However, there are some troubling trends.
Irvine Co. offloads two towers at a heavy discount as market signals rebound.
Point Loma Old Town campus envisions 8,900 homes, two hotels.
Since 2023, San Diego County has accounted for 10% of U.S. trades of more than $150M.
Firm inks 1.8M SF in H2 2024, plans to upgrade four OC campuses.
The 322,070-square-foot single-tenant asset is 100% leased.