San Diego’s Tallest Tower Trades to Saca Capital

Cushman & Wakefield advised Saca Capital in procuring a $91,000,000 financing package from Rialto-Hines for One America Plaza, a Class A office tower located at 600 W Broadway in Downtown San Diego. A Cushman & Wakefield Equity, Debt & Structured Finance team of Rob Rubano, J.P. LeVeque, Ernesto Sanchez and Lars Weston represented the borrower, which paid a reported $120 million for the property.

“This execution reflects the current strength and liquidity of the credit markets and underscores the lender demand for best-in-class office financing opportunities,” said Rubano. “One America Plaza stands as a premier market-leading asset and this financing will support its continued success in the competitive San Diego office market.”

As the tallest building in San Diego, One America Plaza is considered among the most highly sought-after office addresses in its submarket. Saca Capital acquired the building from the Irvine Company, which invested significant capital throughout nearly two decades of stewardship.

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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).

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