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SAN DIEGO — Cushman & Wakefield has presided over Private Asset Management’s $3.4 million purchase of an 18,000-square-foot office building located at 5348 Carroll Canyon Rd. in San Diego. Located in the Sorrento Mesa submarket with easy access to the 805 freeway, the building is currently undergoing renovations. Cushman & Wakefield’s Deborah Hunkeler and Jay Arnett represented Private Asset Management, and Jed Stirnkorb of CB Richard Ellis represented the seller, Laboratory Building Designers. The new owner, a wealth management company, plans to occupy half of the building.