February 14, 2025: Costa Verde Center near UTC sold for $124M:
The shuttered Costa Verde Center, which takes up 13.9 acres just opposite Westfield UTC in University City, has a new owner with a different vision for the former strip mall that likely features housing as a primary use.
On Jan. 31, a newly registered limited liability company affiliated with real estate investment and management firm Global Mutual purchased the fenced off shopping center at 8560 Genesee Ave. for $124 million from life science developer Alexandria Real Estate Equities, property records show.
- Details at MSN: https://search.app/HpQoirjYQp8MzGvx8
- Details at SDUT: https://www.sandiegouniontribune.com/2025/02/13/costa-verde-center-near-utc-sold-for-124m/
