Posts by Jason Hughes

The Circle of Life in Downtown San Diego

on November 13, 2019

Back in the ‘80s, many considered Sandor Shapery’s proposed landmark Emerald Shapery Center a crazy proposition. But alas, he built it—and changed Downtown San Diego’s skyline forever. In the early ‘90s, Sandy was paid by his financial partner, Tokyu Corp., a substantial amount for his “position”—which Sandy parlayed into buying the former Sempra Building at 101 Ash Street. Emerald Shapery Center was promptly renamed Emerald Plaza—and went through multiple ownerships since. But now that Sandy sold 101 Ash (the City of San Diego did a lease-to-own transaction), in an effort to shelter his substantial gains over the years, Sandy is buying (back) Emerald Plaza from its current owner, Kearny Real Estate—and is scheduled to close in mid-December. Congratulations to Sandy!

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About this Author

Jason Hughes

Jason Hughes is chairman, CEO, and owner of Hughes Marino, an award-winning commercial real estate company with offices across the nation. A pioneer in the field of tenant representation, Jason has exclusively represented tenants and buyers for more than 25 years. He writes about topics in commercial real estate from a tenant’s perspective on his blog, Downtown Dirt. Contact Jason at 1-844-662-6635 or to learn more.

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