The San Diego Union-Tribune building was recently acquired for a reported $50 million by BBL Commercial Real Estate. Locally-based BBL bought the 13-acre Mission Valley property from Manchester Financial Group.
Located at 350 Camino de la Reina, the Union-Tribune building is five stories tall and encompasses 168,570 square feet. A vacant printing plant is also part of the deal. That structure is being dismantled after the paper’s sale to Tribune Publishing, owner of the Los Angeles Times, earlier this year.
BBL is also considering development of a 200-unit apartment complex on an adjacent site. Those plans are currently under review by San Diego city officials.