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Pechanga Resort & Casino in Temecula to Get $285M Expansion

Pechanga Resort & Casino in Temecula to Get $285M Expansion

The owners of the Pechanga Resort & Casino in Temecula, CA is set for a major expansion as the Pechanga Band of Luiseño Indians recently revealed plans for a major investment. Plans call for around $285 million luxury four-diamond hotel wing that would greatly expand the potential of the resort.…

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Northrop Grumman Renews Lease at Kearny Mesa Campus

Northrop Grumman Renews Lease at Kearny Mesa Campus

Northrop Grumman Systems Corporation, one of the largest companies in the entire country, recently completed a leasing deal that will keep the entity at its current home in the Kearny Mesa submarket of San Diego. According to the local office of Colliers International, the company has renewed its lease for…

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Financing In Place for Gaslamp Quarter Hotel, Montage’s 1st Pendry-Branded Property

Financing In Place for Gaslamp Quarter Hotel, Montage’s 1st Pendry-Branded Property

Construction financing for a new Montage-branded hotel in San Diego is finally in place. George Smith Partners recently announced that the firm has arranged around $95 million in funding for a partnership consisting of The Robert Green Company and Montage Hotels & Resorts. The venture is planning a brand new…

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Kilroy Realty Corp. Plans $45M Office Project in Del Mar Heights

Kilroy Realty Corp. Plans $45M Office Project in Del Mar Heights

After being acquired by Kilroy Realty Corporation in 2013, The Heights at Del Mar is now set to be expanded. The new owner recently issued a statement announcing that it is developing a brand new, speculative office project in an office submarket of San Diego that has not seen a…

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HFF Secures $7.5 Million for Hillcrest M-F Project

HFF Secures $7.5 Million for Hillcrest M-F Project

A residential project located in San Diego’s Hillcrest neighborhood recently received a massive boost as developer Hillcrest Veritas, LP received $7.46 million in construction-permanent financing. HFF worked on behalf of the developer to secure the financing, a 71 percent loan-to-cost, 12-year, fixed rate construction-permanent loan through a correspondent life company…

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New Retailers Bring Balboa Mesa to 100% Occupancy

New Retailers Bring Balboa Mesa to 100% Occupancy

The owner of the Balboa Mesa Shopping Center has recently announced that new contracts have been signed at the facility, meaning that the shopping center is now fully leased. The San Diego-area retail property is currently under the ownership of national owner, operator and developer Regency Centers. The company’s local…

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R&V Management Acquires M-F Asset in Otay Mesa for $150M

R&V Management Acquires M-F Asset in Otay Mesa for $150M

San Diego-based R&V Management Corp. recently greatly expanded its San Diego-area apartment portfolio as it completed the purchase of a large residential community in the city’s Otay Mesa submarket. The company acted through partnerships controlled by the local entity in order to acquire the Greenfield Village property for a total…

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Murphy Development Plans Technology Park; Recho Holdings Buys Scripps Ranch Flex Building

Murphy Development Plans Technology Park; Recho Holdings Buys Scripps Ranch Flex Building

Murphy Development recently announced that it had completed the acquisition of a large land parcel in the Scripps Ranch Business Park from seller Intel Corporation. The land involved in the transaction was previously acquired by Intel fourteen years ago in a deal worth approximately $28 million. Located in central San…

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SARES REGIS Acquires M-F Property in Escondido, Plans Makeover

SARES REGIS Acquires M-F Property in Escondido, Plans Makeover

An Escondido apartment community recently traded hands as part of a 300-unit acquisition completed by the SARES REGIS Multifamily Fund. The buyer acquired the Alta Vista residential property in the north San Diego County in a deal that also included the Portland, OR community of Westview Heights. The two deals…

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Investment Roundup: Retail, Industrial, Office Properties Command $32M

Investment Roundup: Retail, Industrial, Office Properties Command $32M

San Diego’s commercial real estate market recorded a solid week as a host of real estate deals totaling around $32 million in value were recorded over the recent time frame. Two Carlsbad office properties, a number of retail buildings in La Jolla, as well as a retail center in Black…

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Balfour Beatty Wraps Phase One of Detention Center in Santee

Balfour Beatty Wraps Phase One of Detention Center in Santee

The first phase of the Las Colinas Detention and Re-entry Facility in Santee, Ca was recently completed by developer Balfour Beatty Construction. The company had been awarded the contract to develop the $221.5 million project that would replace the old 1960s detention facility. The facility will serve as the point…

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Small San Diego Apartment Communities Trade Hands in Deals Totaling $10M

Small San Diego Apartment Communities Trade Hands in Deals Totaling $10M

Two small deals were perfected for San Diego-area multifamily properties recently with the combined transaction value of just under $10 million. The Coronado Villa Apartments in San Diego and a Pacific Beach multifamily property both have new owners after trading hands for fees of $5.7 million and $4 million, respectively.…

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