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City’s Purchase of Ash Street

Today on the Southern California Real Estate Report we look at an article from the San Diego Union-Tribune that takes a dive into the City’s mismanaged purchase of 101 Ash Street in 2014.

What is now regarded as one of the worst deals the City has ever made, we learn from e-mails sent to and from the former owners to Mayor Kevin Faulconer about how the deal was put in place.

We also look into what problems the building has that cost so much money to resolve.