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GF Properties Gets $25M Loan for SpringHill Suites Project

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.…

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Biotech Firm Organovo Moves HQ to New 16 KSF Facility

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…

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Coast Income Properties Inc. Acquires Pacific Ridge Corporate Centre

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…

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New Hyatt Place Opens in Vista-Carlsbad; NBTK Holdings LP Expands Office Portfolio

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…

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Affirmed Housing Group Completes Affordable Apartment Community

Affirmed Housing Group Completes Affordable Apartment Community

By Gabriel Circiog, Associate Editor Affirmed Housing Group has announced the grand opening of the City Scene Apartments in the North Park neighborhood of San Diego. City Scene Apartments features 31 affordable homes which are addressed to those who earn 50-60 percent of San Diego County’s Area Median Income. Located…

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Soitec Solar to Invest $150 Million in New Manufacturing Facility

Soitec Solar to Invest $150 Million in New Manufacturing Facility

By Gabriel Circiog, Associate Editor French firm Soitec Solar has received a SUNPATH award in the amount of $25 million from the U.S. Department of Energy to support its new solar manufacturing facility in San Diego. The French company acquired a 176,000-square-foot manufacturing center in December to support over 300…

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BioMed Realty Trust Expands San Diego Portfolio

BioMed Realty Trust Expands San Diego Portfolio

By Gabriel Circiog, Associate Editor BioMed Realty Trust, Inc. has acquired two parcels of land totaling 28 acres in San Diego for approximately $47 million, excluding transaction costs. The locally based company announced that it has leased the two sites to Advanced BioHealing, Inc., a subsidiary of Shire plc, in…

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Design for New 364-Room Fat City Hotel Approved by CCDC

Design for New 364-Room Fat City Hotel Approved by CCDC

By Gabriel Circiog, Associate Editor The Centre City Development Corp. has approved the design for a 364-room hotel in San Diego’s Little Italy neighborhood. As previously reported by Commercial Property Executive, architect and developer Jonathan Segal had proposed a new residential development, Fat City Lofts, for the site which is…

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Environmental Impact of One Paseo Mixed-Use Development is Debated

Environmental Impact of One Paseo Mixed-Use Development is Debated

By Gabriel Circiog, Associate Editor The Carmel Valley Middle School was the center of a heated debate regarding the One Paseo mixed-use development proposed by Kilroy Realty Corporation. Residents gathered to hear the comments of the Carmel Valley Planning Board on the draft environmental impact report, according to The San Diego…

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Riverbend Project Sent Back to Drawing Board

Riverbend Project Sent Back to Drawing Board

By Gabriel Circiog, Associate Editor A controversial mixed-use project along the San Diego River has been sent back to the drawing board by the Navajo community planning group, KPBS.org reports. The Riverbend project, proposed on 23.5 acres of land in the Grantville neighborhood, between Mission Gorge Road and the San…

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Doug Manchester Proposes $200 Million Mixed-Use Development for U-T Site

Doug Manchester Proposes $200 Million Mixed-Use Development for U-T Site

By Gabriel Circiog, Associate Editor The San Diego Union-Tribune publisher—and developer Douglas F. Manchester—propose a $200 million mixed-use development for the U-T site in Mission Valley. The city of San Diego will start preliminary review of the plan later this year, the San Diego Business Journal reports. The City of…

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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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