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Downtown San Diego office tower sells well below prior price

Transaction marks neighborhood’s second recent deal, reflects national trend

Investment and development firm Ambient Communities acquired the 24-story Five Thirty B office building in downtown San Diego. (CoStar)
Investment and development firm Ambient Communities acquired the 24-story Five Thirty B office building in downtown San Diego. (CoStar)

A downtown San Diego office building is the second property in recent weeks to sell well below the value of its prior deal, as similar buildings nationwide change hands at steep discounts in a tough climate for the category.

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