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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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Keating Hotel Group Refinances 2 Historic Gaslamp Properties

Keating Hotel Group Refinances 2 Historic Gaslamp Properties

The Keating Hotel Group has refinanced the Keating Hotel and the Mercantile Building, two neighboring properties in San Diego’s Gaslamp District. A team from Holiday Fenoglio Fowler L.P. led by Aldon Cole and Husayn Hasan placed a 10-year, 4.7 percent fixed-rate loan with Cantor Commercial Real Estate.…

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HFF Secures Debt for Holland Partners’ Downtown M-F Project

HFF Secures Debt for Holland Partners’ Downtown M-F Project

Holland Partners Group Management Inc. has secured $45 million in construction and permanent financing for a 242-unit apartment complex in Downtown San Diego. Dubbed 15th and Market, the 243,000-square-foot property will include 10,000 square feet of ground-floor retail space.…

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Cruzan/Monroe, Cigna Buy DiamondView Tower for $121M

Cruzan/Monroe, Cigna Buy DiamondView Tower for $121M

In a $121 million deal, Cruzan/Monroe and Cigna Investments Inc. have acquired San Diego's DiamondView tower. Seller Wereldhave USA was represented by CBRE Inc. The 15-story, 305,255-square-foot building is located at 350 Tenth Ave. and offers views of nearby Petco Park.…

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School District Sells Surplus Sites; Retail Center Fetches $27M

School District Sells Surplus Sites; Retail Center Fetches $27M

However, two board members blocked the sale of the Mission Beach site on the ground that finding a development partner would be a better option for the district than selling the property. The board ordered district staff to find an alternative site to sell from among seven designated for disposition.…

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Orange Garden Apartments in Poway Re-Opens After $15.3M Upgrade

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…

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Balboa Mesa Shopping Center Trades Hands in $59M Deal

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.…

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Hines-J.P. Morgan JV Secures $188M Loan for Office Campus

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…

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Del Mar Retail Center is Latest Local Buy for Donahue Schriber

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…

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