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SAN DIEGO, CA-Principal Real Estate Investors acquires the four-building complex that is comprised of 353,067 sf of office and biotechnology space from AGRRI Seaview LLC, which is a partnership between The Shidler Group and Angelo, Gordon & Co. The seller had purchased the asset in April 2002 for $62.5 million and increased its occupancy by nearly 30% during its ownership.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!