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Real Estate/Development

Mar. 3, 2016

Bosa acquires downtown Union Bank building

Bosa Development has acquired the Union Bank building at 530 B St. from Kearny Real Estate for $53.2 million – nearly double the price Kearny paid for the property in 2014.

Vancouver-based Bosa Development has acquired the 233,000-square-foot Union Bank building at 530 B St. from Kearny Real Estate for $53.2 million -- nearly double the price Kearny paid for the property in 2014.

San Diego-based Kearny paid $29 million when it acquired the 24-story asset from Union Bank of California, itself is a Bank of Tokyo subsidiary.

This marks the third time Bosa, better known for having transformed the downtown San Diego skyline with high-rise condominium...

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