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Barings takes over San Diego tower with renovations planned to help boost leasing odds

Loan default reflects national trend of older properties changing hands
Investment firm Barings took over the 20-story Five50West office tower in downtown San Diego after its prior owner defaulted on a loan. (CoStar)
Investment firm Barings took over the 20-story Five50West office tower in downtown San Diego after its prior owner defaulted on a loan. (CoStar)
CoStar News
April 10, 2025 | 9:29 P.M.

Investment firm Barings took over a downtown San Diego tower in a deed transfer in lieu of foreclosure, the latest in a series of local and national ownership changes for older offices in a challenging time for the category.

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