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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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Providence Capital Snaps Up Business Park

Providence Capital Snaps Up Business Park

A San Diego business park is the subject of a recent transaction brokered by the local office of Colliers International. Shekhter Living Trust sold the property located at 8250-8260 Camino Santa Fe for $6.7 million to buyer Providence Capital Group. The transaction was arranged by Colliers International representatives Arnold Friedman…

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Deluxe M-F Complex Kicks Off Leasing in Mission Viejo

Deluxe M-F Complex Kicks Off Leasing in Mission Viejo

Wermers Properties and Watermarke Properties recently announced that leasing is now underway at one of their San Diego projects. The joint venture is now ready to receive potential tenants at its Adagio on the Green luxury apartment development, now that the project is nearing the final months of construction. The…

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UCSD Awards Big Contract for La Jolla Project

UCSD Awards Big Contract for La Jolla Project

General contractor Rudolph and Sletten Inc. was recently awarded an important preliminary contract for the development of a medical facility for UC San Diego Health Services in La Jolla. The company is now set to start work on an outpatient pavilion, with the contract set at around $78 million, and…

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TIAA-CREF Takes Kearny Mesa Office Asset

TIAA-CREF Takes Kearny Mesa Office Asset

The Copley Corporate Center in the Kearny Mesa submarket recently traded hands. The Class A office asset was acquired by leading retirement provider TIAA-CREF through affiliate T-C Copley LLC. The investor reportedly paid seller Colony Realty Partners a fee of $43.5 million for the office complex. The deal was arranged…

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MetLife Acquires First Allied Plaza for $150M

MetLife Acquires First Allied Plaza for $150M

MetLife Inc. has recently completed the acquisition of a downtown San Diego office tower for a reported purchase fee of $156.8 million. The San Francisco office of the insurance giant is now the new owner of First Allied Plaza in San Diego, after it acquired the property from seller Lone…

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Hines, Oaktree Buy Carlsbad Office/R&D Property

Hines, Oaktree Buy Carlsbad Office/R&D Property

A Carlsbad, CA office/R&D asset recently traded hands as international real estate firm Hines moved to acquire the property along with a real estate fund managed by Oaktree Capital Management, L.P. The transaction for the property was completed for an undisclosed amount, and arranged by Greg Mills, Michael Lawrence, Ben…

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Polidev Investments Acquires Office/MOB Asset in University Town Center

Polidev Investments Acquires Office/MOB Asset in University Town Center

Polidev Investments Inc. recently completed the acquisition of a San Diego office and medical office campus located in the city’s University Town Center submarket. Seller DivcoWest worked with real estate company HFF to market the property, with HFF also being responsible with closing the transaction. Polidev also worked with HFF…

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Chelsea Investment, Westminster Manor Plan $12.5M Makeover of Downtown Seniors High-Rise

Chelsea Investment, Westminster Manor Plan $12.5M Makeover of Downtown Seniors High-Rise

Westminster Manor, a San Diego affordable housing community for senior citizens, recently entered a brand new joint venture which will provide important financing for the property. Colliers International broke the news that Chelsea Investment Corporation was selected as the new partner in the newly created Westminster Manor LLC. Westminster Manor…

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