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Gerrity Group Purchases Old Grove Marketplace in Oceanside

Gerrity Group Purchases Old Grove Marketplace in Oceanside

By Gabriel Circiog, Associate Editor Gerrity Group has acquired the Old Grove Marketplace in Oceanside from Sea Breeze Properties LLC for $19.55 million, RenTV.com reports. The 81,300-square-foot Oceanside retail center is anchored by Ralphs, Starbucks, US Bank and Lowes Home Improvement (NAP). Originally developed by Sea Breeze Properties LLC in…

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Construction of $1B Green Palomar Medical Center Completed

Construction of $1B Green Palomar Medical Center Completed

By Gabriel Circiog, Associate Editor The new 740,000-square-foot Palomar Medical Center has passed state inspection and is scheduled to open Aug. 19. Located on a 56-acre site in the Escondido Research and Technology Center close to State Route 78 and Interstate 15, the hospital building was designed by Los Angeles-based…

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R&V Management Corp. Acquires 143 Condo Units in La Mesa

R&V Management Corp. Acquires 143 Condo Units in La Mesa

By Gabriel Circiog, Associate Editor San Diego-based R&V Management Corp. has acquired 143 condominium units at Adagio in La Mesa. The $25.5 million deal was brokered by Phoenix-based Hendricks & Partners. The Adagio community was designed and developed as a 200-unit condo project back in 1984 and later was operated…

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Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista

Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista

By Gabriel Circiog, Associate Editor Resmark Apartment Living, a division of The Resmark Companies, has teamed up with ColRich to develop two apartment communities in southern San Diego County. Located in the Eastlake master-planned community in Chula Vista, the 19.6-acre development site is just south of the Olympic Parkway and…

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Village Lindo Paseo Gets $26 Million in Financing from Wells Fargo; Westcore Properties Acquires Office Building in Encinitas

Village Lindo Paseo Gets $26 Million in Financing from Wells Fargo; Westcore Properties Acquires Office Building in Encinitas

By Gabriel Circiog, Associate Editor Wells Fargo & Co. has provided $26 million in financing to complete the construction of Village Lindo Paseo, a 287-unit housing complex at San Diego State University, San Diego Business Journal reports. The project is developed by San Diego-based Village Lindo Paseo LP and is…

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Dornin Investment Group Acquires Royal Oaks Senior Apartments

Dornin Investment Group Acquires Royal Oaks Senior Apartments

By Gabriel Circiog, Associate Editor Dornin Investment Group has purchased Royal Oaks Senior Apartments, a garden-style apartment community located in San Marcos, according to rentv.com. The 122-unit complex was built in 2003 and is operated as an age-restricted community for residents 55 and older. Slated as an affordable housing project, 10…

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McCarthy Tops Out Steel Construction of New $110 Million Math and Science Building

McCarthy Tops Out Steel Construction of New $110 Million Math and Science Building

By Gabriel Circiog, Associate Editor McCarthy Building Companies has topped out steel construction for a new four-story Math and Science Building at San Diego Mesa College. The 206,000-square-foot facility, located at 7250 Mesa College Drive in the Clairemont area of San Diego, was designed by Architects | Delawie Wilkes Rodrigues…

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The Village at Market Creek Awarded LEED-ND Silver Certification

The Village at Market Creek Awarded LEED-ND Silver Certification

By Gabriel Circiog, Associate Editor The Village at Market Creek has become the third project in the country to receive LEED Neighborhood Development approval after receiving a Silver designation under the LEED-ND rating system. The LEED-ND application process for The Village was funded through a grant awarded in partnership by…

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Excel Trust Acquires La Costa Towne Center

Excel Trust Acquires La Costa Towne Center

By Gabriel Circiog, Associate Editor The retail-focused REIT Excel Trust has acquired La Costa Towne Centre, a retail shopping center in Carlsbad, for approximately $23.5 million. Located at 7710-7770 El Camino Real, the property has around 121,000 square feet of gross leasable space and is anchored by Vons, a division…

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San Marcos High School Honored for Green Design and Planning

San Marcos High School Honored for Green Design and Planning

By Gabriel Circiog, Associate Editor The San Marcos Unified School District has been honored by the Coalition for Adequate School Housing (C.A.S.H.) and the American Institute of Architects California Council (AIACC), for the green design and planning of the San Marcos High School. Designed by San Diego-based school architecture firm,…

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OneRoof Energy Brings 100 New Green Jobs to San Diego; LaSalle Investment Management Expands Portfolio

OneRoof Energy Brings 100 New Green Jobs to San Diego; LaSalle Investment Management Expands Portfolio

By Gabriel Circiog, Associate Editor Mayor Jerry Sanders, CleanTECH San Diego and OneRoof Energy have announced the creation of over 100 new green jobs. OneRoof Energy is the first U.S. residential solar company working directly with roofers to sell and install its solar systems. Last year, the company received $50…

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Carmel Partners Plans Multifamily Project in San Diego; Belmont Village Sold to REIT

Carmel Partners Plans Multifamily Project in San Diego; Belmont Village Sold to REIT

By Gabriel Circiog, Associate Editor San Francisco-based real estate firm Carmel Partners, through CPIII CentrePoint LLC, has acquired a 8.93-acre parcel located at 6303 El Cajon Boulevard in San Diego, according to www.rentv.com. The property was acquired from CentrePoint LLC, an entity of Douglas Wilson Investments LLC for $14 million.…

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