One of San Diego’s largest philanthropic organizations has agreed to acquire a nearly century-old, former theater building long seen as an eyesore and obstacle to rejuvenate the city’s struggling downtown core.
San Diego group to buy decaying former theater with redevelopment in mind for next act
Prebys Foundation acquiring century-old California Theatre as part of downtown rejuvenation effort
By Lou Hirsh
CoStar NewsJuly 22, 2026 | 7:17 P.M.
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- Properties
- California
1122 4th Ave, San Diego, CA