San Diego
Orange Garden Apartments in Poway Re-Opens After $15.3M Upgrade
Orange Garden Apartments is the newest addition to Poway’s roster of affordable housing communities. Affirmed Housing Group recently announced the grand re-opening of the property after it bought the former market-rate complex and completed a $15.3 million renovation. Eligible residents include those earning 30 percent to 60 percent of the…
Continue reading →Balboa Mesa Shopping Center Trades Hands in $59M Deal
Regency Centers Corp. completed a deal to own San Diego’s Balboa Mesa Shopping Center. The real estate company paid a premium of $59.5 million to Balboa Realty L.L.C. Regency is currently on track to acquire a number of retail properties boasting high occupancy rates and representing good value for money.…
Continue reading →Hines-J.P. Morgan JV Secures $188M Loan for Office Campus
Arranged by Jones Lang LaSalle Inc.’s capital markets division, the loan provides debt and construction financing for the campus, where Hines is developing a 415,000-square-foot office building (pictured). Scheduled for completion in 2014, the building is fully leased to LPL Financial, which will consolidate operations from multiple local offices. LPL…
Continue reading →Del Mar Retail Center is Latest Local Buy for Donahue Schriber
In addition, Donahue Schriber, a private REIT, recently closed escrow on Bonita Centre in Chula Vista, a 98,854-square-foot center anchored by Vons and Rite Aid outlets.Bonita Center, which traded for an undisclosed amount, will likely undergo renovations that will preserve its original architecture. Elsewhere on the West Coast, Donahue Schriber…
Continue reading →GF Properties Gets $25M Loan for SpringHill Suites Project
GF Properties Group L.L.C. has obtained a $25.1 million loan for construction of the Marriott SpringHill Suites development in Oceanside, Calif. A team from Holiday Fenoglio Fowler L.P. consisting of managing directors Aldon Cole, Matt Kafka, and associate director Zack Holderman arranged the financing.…
Continue reading →Biotech Firm Organovo Moves HQ to New 16 KSF Facility
By Alex Girda, Associate Editor Biotechnology firm Organovo Holdings, Inc., has relocated to a larger facility in San Diego facility. Noted for its innovative three-dimensional bioprinting technology, Organovo has leased 15,539 square feet in the city’s Sorrento Mesa area. The new space will be almost four times as large as the company’s…
Continue reading →Coast Income Properties Inc. Acquires Pacific Ridge Corporate Centre
By Gabriel Circiog, Associate Editor Coast Income Properties Inc. has acquired a two-building office project in Carlsbad for $29 million, Rentv.com reports. The San Diego-based development company, founded in 1979, paid $239 per square foot to Brandywine Realty Trust for the Pacific Ridge Corporate Centre. The 121,500-square-foot Class A project is…
Continue reading →New Hyatt Place Opens in Vista-Carlsbad; NBTK Holdings LP Expands Office Portfolio
By Gabriel Circiog, Associate Editor Hyatt Hotels Corporation announced the opening of Hyatt Place San Diego/Vista-Carlsbad. The new 150-room hotel is the first Hyatt Place hotel in the Vista-Carlsbad area and the seventh hotel for Hyatt in the San Diego area. Located at 2645 South Melrose Drive, the hotel is targeting…
Continue reading →
Recent Comments