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Industrial, M-F Properties Trade in El Cajon

Industrial, M-F Properties Trade in El Cajon

On the residential front, Trion Properties moved to acquire a 22-unit apartment complex in the area. The company acquired the value-add property for a fee of $2.35 million, through a team of representatives from Colliers International. Trio is now looking to invest in the property and bring it up to…

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OliverMcMillan, Capri Capital Start 208-Unit M-F Project in East Village Arts District

OliverMcMillan, Capri Capital Start 208-Unit M-F Project in East Village Arts District

A new residential community is set to take shape in San Diego’s East Village Arts District. The new project was announced by the partnership consisting of Capri Capital Partners and OliverMcMillan. The two real estate companies specialize in developing city-street-oriented projects and providing financing for urban housing developments respectively. The…

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Beech Street Closes $9.6M Fannie Mae Loan for El Cajon Property

Beech Street Closes $9.6M Fannie Mae Loan for El Cajon Property

The broker that Beech Street Capital worked with in the transaction is Chris Hutchinson of Alcole Capital Group. The representative has worked with the buyer in three previous deals of this type, while the loan is Beech Street’s third transaction with Fannie Mae MAH. According to a statement issued by…

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Aimco Acquires Oceanfront M-F Complex in La Jolla for $29M

Aimco Acquires Oceanfront M-F Complex in La Jolla for $29M

Prospect 400 offers a total of 60 residential units including 29 one-bedroom apartments, 24 two-bedroom units and seven studios. The property also features a number of 10 resident garages, while the community’s amenity package offers residents access to a heated pool, a common ocean view sundeck, hydro-therapy spa and a…

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Inland American Lodging Grabs Andaz San Diego for $53M

Inland American Lodging Grabs Andaz San Diego for $53M

After its completion, the building was known as the Ivy Hotel from 2007 to 2010 when it was rebranded as Andaz San Diego. American Lodging Advisor, Inc., through the voice of its President and CEO, Marcel Verbaas, manifested its excitement regarding the newly acquired asset by noting: “This purchase aligns…

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IDS, TIAA-CREF Pay $60M For Kearny Mesa Campus

IDS, TIAA-CREF Pay $60M For Kearny Mesa Campus

IDS Real Estate Group recently completed the purchase of a San Diego-area tech center. The real estate company operated through an affiliate involved in a joint venture created alongside an institutional partner for the acquisition of the Cabrillo Technology Center in Kearny Mesa. The seller was Cabrillo Properties LLC. Both…

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JMR Plans Q2 Start for $38M Residential Project in Santee

JMR Plans Q2 Start for $38M Residential Project in Santee

Set to be built at the corner of Cuyamaca Street and Town Center Parkway, the 172-unit community would also offer residents close proximity to the San Diego River and the Santee Trolley Town Square shopping center. Additionally, the San Diego Trolley connects the area with San Diego State University, Old…

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Pebblebrook Pays $113M for Embassy Suites San Diego

Pebblebrook Pays $113M for Embassy Suites San Diego

Pebblebrook Hotel Trust has recently announced the acquisition of one of San Diego’s most iconic hospitality properties. Embassy Suites San Diego Bay is now part of Pebblebrook’s portfolio after the completion of a $112.5 million-deal. The REIT is assuming a $66.8 million secured, non-recourse loan, with the balance of the…

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Regency Scored County’s Top 2012 Retail Buy: $81M Grocery-Anchored Center in Hillcrest

Regency Scored County’s Top 2012 Retail Buy: $81M Grocery-Anchored Center in Hillcrest

Uptown District is a grocery-anchored urban center that offers 148,638 square feet of retail space and is currently the main destination in its category in the Hillcrest area. It stands at 940 University Ave, in the immediate vicinity of Highway 163, offering customers increased accessibility. Approximately 550,000 residents populate the…

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Contactor Heads for Home on $11M USD Ballpark Project

Contactor Heads for Home on $11M USD Ballpark Project

Significant progress was recently announced at Turner Construction Company’s under-development Fowler Park at the University of San Diego. The project has hit the 50% mark construction-wise and is on schedule for a topping out event later this month. The University of San Diego is set to breathe new life into…

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Golden Door Spa in San Marcos Commands $25M

Golden Door Spa in San Marcos Commands $25M

A luxury spa resort in San Marcos was recently sold with the aid of financing giant Holiday Fenoglio Fowler. The Golden Door Spa traded for a transaction total of $24.8 million free and clear of existing debt. The deal was arranged by a team led by Dan Peek and Bill…

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Carey Watermark Pays $85M for Courtyard in Hotel Circle

Carey Watermark Pays $85M for Courtyard in Hotel Circle

The Courtyard San Diego Mission Valley/Hotel Circle traded recently when Jones Lang LaSalle Hotels arranged the acquisition of the property for a private investment group. The buyer is Carey Watermark Investors, an Illinois-based entity that paid a reported $85 million for the San Diego hospitality property. The deal was handled…

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