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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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San Diego Office Sales Heat Up as End of Year Approaches

San Diego Office Sales Heat Up as End of Year Approaches

The San Diego office market is a hotbed for smaller transactions, with the last couple of weeks recording a large number of deals that signal investors are scrambling to wrap up deals before the end of Q4. Deals in submarkets such as Rancho Bernardo, Carlsbad, Mission Valley and Kearny Mesa…

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Colliers’ Carlsbad Teams Wrap $11M in Industrial, M-F Sales

Colliers’ Carlsbad Teams Wrap $11M in Industrial, M-F Sales

Colliers International recently announced the completion of two separate real estate deals in the greater San Diego area that have gained a combined total of $11 million. It was recently announced that a multi-tenant industrial building and a 16-unit multifamily property were acquired by PacVentures, Inc. and San Diego Heritage…

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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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