Irvine Company Exits Downtown San Diego with Sale of One America Plaza

Irvine Company exits downtown San Diego with sale of One America Plaza

Southern California real estate giant Irvine Company has completed its retreat from downtown San Diego with the sale of its flagship office tower, One America Plaza, to a familiar, high-net-worth buyer. Tuesday, a joint venture affiliated with Sacramento-based real estate company Saca Development purchased the 658,000 square-foot, obelisk-shaped skyscraper at 600 W. Broadway for $120 million, according to property records. The 2.9-acre property …

Irvine Co. Sells Final San Diego Office Tower for 60% Off 2006 Deal

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Irvine Co dumps last downtown San Diego office tower

John and Payton Saca purchased One American Plaza for $120 million; Donald Bren’s company paid $300 million for it two decades ago.