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California  + San Diego  + Office  | 

Owner-Occupier Acquires Rancho Bernardo Offices

CBRE EVP Matt Pourcho facilitated the $8.8-million acquisition of Bernardo Regency Centre, a 48,027-square-foot office building in San Diego. Pourcho represented the buyer, Providence Real Estate Group. The seller, Beverly Hills-based Omninet Capital, was self-representing.

“This was a unique opportunity for Providence Real Estate Group to purchase a well-leased building to occupy while generating strong cash flow from existing tenants,” said Pourcho. “Office buildings offer valuable tax benefits through cost segregation and depreciation, more so than other product types.”

Bernardo Regency Centre is a three-story building within the Rancho Bernardo Business Park at 11545 W. Bernardo Ct. It is near the 4S Ranch master-planned community, various retail amenities and the offices of several Fortune 500 companies, including Apple and Petco.

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CBRE's Pourcho

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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