Buchanan Street Partners based in Newport Beach sold the 51,690 square-foot building at 6059 Cornerstone Court West to a private investor who was not identified.

Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, has completed the disposition of a 51,690-square-foot office building at 6059 Cornerstone Court West in San Diego, California for $20.6 million, or $398 per square foot.

Historically equity has been the component of a real estate borrower’s capital stack that has been the most challenging to procure. This capitalization reality often dictated more leverage as equity was expensive and diluted the real estate entrepreneurs take home profit.

Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm has acquired a 276-unit multifamily community in Fort Collins, Colorado from Milestone Development Group. The property was built in 2018.