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Orange County-based value-add office investor Pendulum Property Partners has planted roots in the San Diego market with the acquisition of StoneCrest, a 327,204-square-foot class-A office property. Pendulum purchased the asset for $100.3 million, and plans to make significant capital investments to upgrade the property. This is the firm’s first acquisition in the San Diego market, but it won’t be the last. It plans to consolidate $100 million of real estate into the San Diego market this year.

Kelsi Maree Borland

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