Lot’s of movement happening in downtown San Diego this summer, and some great opportunities cropping up:

• Arrowhead Insurance (owned by Florida-based Brown & Brown Insurance) has agreed to renew and expand into four full floors at 701 B Street.
• Foley & Lardner is subleasing their space at Emerald Plaza – and now has up to three full floors available near the top of Emerald Plaza.
• One America Plaza has up to 14 full floors available. Between the four Latham & Watkins floors being vacated in January for their move to Carmel Valley – and Allianz Global Investors’ five floors of available sublease space – and potentially up to five floors from McKenna Long & Aldridge’s (former Luce Forward) space – One America Plaza is nearly half available!
• Union Bank, the owner of the nearly forgotten about 1966 era, 24-story Union Bank Building at 530 B Street, is contemplating selling the high-rise building.
• Emmes Asset Management Company, the relatively new owner of 401 West A Street (purchased late last year), will be closing on 1230 Columbia Street (directly west of 401 West A Street) in August – bringing their two building downtown ownership portfolio up to nearly 700,000 sf.
• Lone Star Funds, the new owner of First Allied Plaza (655 West Broadway) via an $800 million portfolio purchase, has chosen to hold onto the building for at least a couple of years; originally Lone Star had looked to immediately sell the building.