{"id":1004787547,"date":"2026-02-12T05:04:13","date_gmt":"2026-02-12T13:04:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004787547"},"modified":"2026-02-12T05:09:17","modified_gmt":"2026-02-12T13:09:17","slug":"regent-properties-sells-san-diego-towers-for-104m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/regent-properties-sells-san-diego-towers-for-104m\/","title":{"rendered":"Regent Properties Sells San Diego Towers for $104M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"840\" height=\"630\" data-attachment-id=\"1004787565\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/regent-properties-sells-san-diego-towers-for-104m\/one-and-two-columbia-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg\" data-orig-size=\"840,630\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One and Two Columbia Place\" data-image-description=\"&lt;p&gt;Image that accompanied the press release&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;One and Two Columbia Place total more than 700,000 square feet. Image courtesy of GANMI Corp.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg?w=840\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg\" alt=\"Aerial view of One and Two Columbia Place at sunset\" class=\"wp-image-1004787565\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg 840w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/One-and-Two-Columbia-Place.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/a><figcaption class=\"wp-element-caption\">Rising in San Diego&#8217;s CBD, One and Two Columbia Place total more than 700,000 square feet. <em>Image courtesy of GANMI Corp.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Golden Columbia, a real estate investment platform sponsored by GANMI Corp., has acquired One &amp; Two Columbia Place, two office buildings in downtown San Diego. Regent Properties sold the Class A assets, according to Yardi Matrix information.<\/p>\n\n\n\n<p>A GANMI spokesperson told <em>Commercial Property Executive<\/em> that the transaction\u2019s dollar value was $103.5 million, roughly $146 per square foot. The assets previously traded in 2021 for $223.5 million, the same data provider shows.<\/p>\n\n\n\n<p>Completed in 1983 and fully renovated in 2012, One Columbia Place is a 27-story, 556,943-square-foot tower at 401 W. A St. The high-rise features a seven-story atrium lobby, fitness center and spa, as well as conference rooms and EV charging stations.<\/p>\n\n\n\n<p>The 150,680-square-foot Two Columbia Place rises 12 stories at 1230 Columbia St. Completed in 1990, the building has 15,000-square-foot floorplates and includes first-floor retail.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-market-update\/\">San Diego\u2019s Office Landscape, Between Highs and Lows<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>GANMI intends to reposition the properties and transform them into experience-driven workplace destinations. Plans call for the integration of premium food hall concepts, modern amenities and hospitality-level service, in line with the current <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">office space trends<\/a>. These enhancements are to be implemented in phases.<\/p>\n\n\n\n<p>Meanwhile, a JLL team of Tony Russell, Richard Gonor, Pascal Aubry-Dumand and Ryan Taquino has been retained as the exclusive leasing agents for both buildings. CBRE will serve as property manager.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-possibly-paradoxical-office-market\">A possibly paradoxical office market<\/h2>\n\n\n\n<p>San Diego&#8217;s office market ended 2025 with a sales volume of $1.3 billion, 10th in the nation, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-as-vacancy-eases-coworking-bridges-the-gaps\/\">Yardi Matrix report<\/a>. Assets changed hands for $260 per square foot on average, way higher than the national average of $192 per square foot.<\/p>\n\n\n\n<p>However, the market is facing rising vacancy rates\u201423.2 percent as of December, up 270 basis points over the year\u2014which coexist with asking rents that average $45.18 per square foot. And that last figure marked a year-over-year increase of 4.4 percent.<\/p>\n\n\n\n<p>In a recent deal, <a href=\"https:\/\/www.commercialsearch.com\/news\/bh-properties-picks-up-san-diego-office-campus\/\">BH Properties acquired Mission City Corporate Center<\/a>, a 285,876-square-foot office campus in San Diego, for an undisclosed amount. JLL Capital Markets arranged the deal on behalf of the seller, City Office REIT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assets previously traded for more than twice that amount.<\/p>\n","protected":false},"author":882,"featured_media":1004787565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1608,15],"tags":[32789,32796,39834],"class_list":["post-1004787547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-diego","category-west","tag-cbre","tag-jll","tag-regent-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regent Properties Sells San Diego Towers for $104M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"GANMI Corp. has acquired One &amp; 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