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Old homes week

Property added to personal portfolios

Fox Hill, no longer for sale
Fox Hill, no longer for sale

Far from receiving a decent burial, the La Jolla bones of San Diego’s old Copley newspaper empire have become touchstones for two wealthy San Diego powerbrokers, who have laid out big money to add them to their personal portfolios. Most famously, former Union-Tribune owner and real estate mogul Douglas Manchester snapped up Fox Hill last year, paying $17 million for the Country Club Drive abode of the late publisher Helen Copley and her husband Jim.

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Now there’s word that John Moores, the mega-millionaire ex–Padres owner from Rancho Santa Fe who is on the team to build a new downtown Chargers stadium, has latched on to the old Copley Newspapers’ corporate headquarters at 7776 Ivanhoe. The $6.15 million deal was actually done four years ago, through the nondescriptly named firm of Ivanhoe Investors, LLC. Since then, JMI Equity, the investment outfit owned by Moores, has moved into the second floor, and real estate records confirm that Ivanhoe Investors is headed by JMI Managing General Partner Paul V. Barber.

The three-story, 25,464-square-foot mid-century modern office building, designed in 1957 by noted local architect Roy Drew, was priced at $11.5 million when it was originally advertised for sale. Now it remains to be seen if the once-powerful newspaper chain’s old digs will imbue Moores with the power to get San Diego city voters to boost hotel taxes to 16.5 percent, as foreseen by his putative stadium-building partnership with the Chargers.

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Fox Hill, no longer for sale
Fox Hill, no longer for sale

Far from receiving a decent burial, the La Jolla bones of San Diego’s old Copley newspaper empire have become touchstones for two wealthy San Diego powerbrokers, who have laid out big money to add them to their personal portfolios. Most famously, former Union-Tribune owner and real estate mogul Douglas Manchester snapped up Fox Hill last year, paying $17 million for the Country Club Drive abode of the late publisher Helen Copley and her husband Jim.

Sponsored
Sponsored

Now there’s word that John Moores, the mega-millionaire ex–Padres owner from Rancho Santa Fe who is on the team to build a new downtown Chargers stadium, has latched on to the old Copley Newspapers’ corporate headquarters at 7776 Ivanhoe. The $6.15 million deal was actually done four years ago, through the nondescriptly named firm of Ivanhoe Investors, LLC. Since then, JMI Equity, the investment outfit owned by Moores, has moved into the second floor, and real estate records confirm that Ivanhoe Investors is headed by JMI Managing General Partner Paul V. Barber.

The three-story, 25,464-square-foot mid-century modern office building, designed in 1957 by noted local architect Roy Drew, was priced at $11.5 million when it was originally advertised for sale. Now it remains to be seen if the once-powerful newspaper chain’s old digs will imbue Moores with the power to get San Diego city voters to boost hotel taxes to 16.5 percent, as foreseen by his putative stadium-building partnership with the Chargers.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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