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Irvine Co. extends downtown San Diego retreat with fifth office tower sale

XYZ Rent picks up second property in challenging climate for neighborhood
Investment firm XYZ Rent acquired the downtown San Diego office property at 501 W. Broadway. (CoStar)
Investment firm XYZ Rent acquired the downtown San Diego office property at 501 W. Broadway. (CoStar)
CoStar News
August 6, 2025 | 4:09 P.M.

Irvine Co. has sold another downtown San Diego office tower, marking the investment firm’s fifth tower sell-off in the past year in what remains a challenging climate for that neighborhood’s older office properties.

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