San Diego officials approved a $132 million settlement under which the city will take ownership of two downtown office towers purchased in lease-to-own deals, including a building that the city was unable to occupy after it was found to contain asbestos.
San Diego Settles Legal Case Involving Downtown Office Tower It Bought But Can’t Occupy
City Agrees to Pay Landlord $132 Million To Exit Lease-to-Own Deals and Take Ownership of Two Buildings
By Lou Hirsh
CoStar News
July 29, 2022 | 12:26 AM
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IN THIS ARTICLE
- Properties
- Civic Center Plaza
1200 3rd Ave, San Diego, CA