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Downtown San Diego Welcomes 250 Affordable Apartments

Downtown San Diego Welcomes 250 Affordable Apartments

The grand opening of 250 affordable rental apartments was celebrated with a ribbon-cutting ceremony.…

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Rising Multifamily Rents Lure More Investors

Rising Multifamily Rents Lure More Investors

As San Diego rents continued their growth through 2014, and are projected to follow a similar upward trend, investors are looking to establish a presence in the market, or cash in on their existing asset while values rise.…

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Seven C’s Takes Rancho Bernardo Asset

Seven C’s Takes Rancho Bernardo Asset

Via Frontera Business Park in the Rancho Bernardo submarket of San Diego was recently acquired by Seven C’s Group, LLC for a total of $10.5 million. The transaction was arranged by Mark McEwen, Ted Cuthbert, and Matt Zimsky of Colliers International’s San Diego office. McEwen noted that the property provides…

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Oak Coast Properties Picks Up Hotel Circle Asset

Oak Coast Properties Picks Up Hotel Circle Asset

The DoubleTree San Diego – Hotel Circle recently traded hands in. The deal was arranged by CBRE Hotels representatives Bob Kaplan and Rod Apodaca, who acted on behalf of the seller. The parties involved were two locally-based investors that sold the hotel to an affiliate of Oak Coast Properties LLC.…

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Petco Park’s $250M Neighbor Nears Construction Start

Petco Park’s $250M Neighbor Nears Construction Start

The end of March saw Civic San Diego approve a development project near Petco Park, with construction set to commence later this month. The Ballpark Village development is one of the city’s largest planned housing projects, and is estimated at around $250 million. JMI Realty, the company responsible for the…

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Grand Del Mar Joins Fairmont Portfolio Following Sale

Grand Del Mar Joins Fairmont Portfolio Following Sale

One the area’s best-performing hotels is set to be renamed after Fairmont Hotels & Resorts announced it is taking over management duties of Carmel Valley’s Grand Del Mar resort. Set to be operated under the name Fairmont Grand Del Mar, the hotel switched majority owners recently when noted local developer…

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New Partnership Investing $20M in Affordable Housing in California

New Partnership Investing $20M in Affordable Housing in California

The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.…

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Downtown Affordable Project Secures Financing, Breaks Ground

Downtown Affordable Project Secures Financing, Breaks Ground

An affordable housing project that is crucial to San Diego’s downtown area is finally in the clear after a number of attempts. Wakeland Housing and Development Corporation recently closed on financing from the U.S. Bank, thus edging the Atmosphere affordable housing development closer to reality. The project officially broke ground…

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Net-Zero Classrooms Garner USGBC Award

Net-Zero Classrooms Garner USGBC Award

The U.S. Green Building Council’s California Central Coast Chapter recently gave its Green School Award to a $2 million net-zero modular project by Balfour Beatty Construction. [...]…

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Scripps Opens $456M Heart Center in La Jolla

Scripps Opens $456M Heart Center in La Jolla

By Alex Girda, Associate Editor The $456 million Prebys Cardiovascular Institute was recently completed on the campus of the Scripps Memorial Hospital La Jolla in San Diego. Named for the facility’s founding donor, the philanthropist Conrad Prebys,  the facility is part of Scripps Health’s 25-year master plan for the campus.…

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Richman Gets Green Light for High-End Downtown Project

Richman Gets Green Light for High-End Downtown Project

A new luxury apartment building is set to take shape in downtown San Diego as approvals are now in-place for a brand new project. The development is The Richman Group of California LLC’s third project in SoCal, since its foundation just one year ago. The other two multifamily residential/mixed-use projects…

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Sempra’s HQ Scores $30M in Financing

Sempra’s HQ Scores $30M in Financing

Shapery Enterprises recently secured a loan for its 101 Ash Street property, with the help of financing provider HFF. Shapery controls the borrowing entity, The Gas & Electric Headquarters Building – San Diego, LP, and received $30 million in financing for the property. The team that handled the financing process…

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