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Golden Columbia Buys Two Downtown San Diego Office Towers for $103.5 Million

The buyer plans a tenant-experience overhaul following a steeply discounted purchase.

Overview

  • Golden Columbia, sponsored by GANMI Corporation and led by tech investor Eric Gan, closed on One Columbia Place and Two Columbia Place in downtown San Diego.
  • Gan reported a combined purchase price of $103.5 million, roughly 54% below the $223.5 million Regent Properties paid for the pair in 2021.
  • CBRE has been named property manager, and a JLL team will lead leasing and tenant engagement for both buildings.
  • Occupancy stands at about 75% at One Columbia Place and 65% at Two Columbia Place, according to CoStar data cited in local reporting.
  • The new owner outlined a phased repositioning with upgraded amenities, including a premium food hall concept and a proposed Japanese-style restaurant, to draw workers and bolster downtown activity.