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The plan proposes the sale of the SDCCU Stadium site—formerly Qualcomm Stadium—to San Diego State University for the creation of a comprehensive site plan that would allow for expansion of the university.
The eight-story steel and glass facility will include an Advanced Imaging Center, Ambulatory Surgery Center and Heart and Vascular Institute, in addition to a 20,000-square-foot expansion of private rooms for the medical center and 75,000 additional square feet for physicians' offices.
The shopping center, which was built in 2002, was purchased on behalf of the Sterling Organization's institutional core fund, Sterling United Properties I, LP (SUP I).
If a natural disaster damages your property while you are still in escrow, you must re-address critical due diligence and appraisal concerns before weighing risk tolerance for closing the deal.
The President may have a core group around him that provides stability, but at DLA Piper's 14th Global Real Estate Summit in Chicago this week, panelists criticized his penchant for stoking division.