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Irvine Company extends downtown San Diego retrenchment with third discounted office deal

Santa Monica investment firm acquires property in challenging climate for urban landlords
Investment firm XYZ Rent of Santa Monica acquired this downtown San Diego office tower for $48 million from Irvine Company. (CoStar)
Investment firm XYZ Rent of Santa Monica acquired this downtown San Diego office tower for $48 million from Irvine Company. (CoStar)
CoStar News
January 9, 2025 | 11:53 P.M.

Irvine Company sold a third downtown San Diego office tower for well below its previous sale price, the latest discounted deal across the nation in a tough climate for the property category.

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