San Diego, CA
CBRE Arranges $8.8 Million Acquisition of Bernardo Regency Centre in San Diego
May 13, 2025
Media Contact
Communications Manager
CBRE’s Matt Pourcho facilitated the $8.8 million acquisition of Bernardo Regency Centre, a 48,027-square-foot office building in San Diego on behalf of San Diego-based Providence Real Estate Group. Pourcho represented the buyer, Providence Real Estate Group. The seller Beverly Hills-based Omninet Capital represented themselves.
“This was a unique opportunity for Providence Real Estate Group to purchase a well-leased building to occupy while generating strong cash flow from existing tenants,” said Pourcho, executive vice president at CBRE. “Office buildings offer valuable tax benefits through cost segregation and depreciation more so than other product types.”
Bernardo Regency Centre is a three-story building within the Rancho Bernardo Business Park at 11545 West Bernardo Court. It is near the 4S Ranch master-planned community, various retail amenities, and several Fortune 500 companies, including Apple and Petco.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.