Login

Court to Hear Dueling Lawsuits over City’s Acquisition of San Diego Office Tower

Dispute Centers on $128 Million Lease-Purchase Deal for Still-Unoccupied Property
The city of San Diego acquired this downtown office high-rise in a 2016 lease-to-purchase deal but remains unable to occupy the property. (CoStar)
The city of San Diego acquired this downtown office high-rise in a 2016 lease-to-purchase deal but remains unable to occupy the property. (CoStar)
CoStar News
February 10, 2021 | 12:01 AM

A fight is heating up between a developer and the city of San Diego over the purchase of a downtown office building that was meant to help the city cut real estate costs but instead has added tens of millions of dollars in additional expenses and still can't be used.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE