San Diego Real Estate Market: Want to buy or Sell?
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Downtown San Diego to be a serious contender for major facilities and site selection searches of the caliber of Amazon’s HQ2,” said Dan Michaels, managing director of Stockdale Capital. “The city has all the elements necessary for a vibrant live-work-play environment, save for the large blocks of urban, creative work space craved by major employers.”
Stockdale Capital already has a template for the project: Four years ago in the Old Town district of Scottsdale, Arizona, it acquired the 537,100-square-foot Galleria, an anchorless mall concept that opened in a sluggish economy in 1991 — and then promptly closed two years later. While a subsequent owner converted the shopping center into offices, Stockdale Capital renovated the asset and has attracted tenants such as Yelp, Indeed, Spaces and most recently, Zillow.