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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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Connections Housing Project Breaks Ground and Aims to End Homelessness in San Diego

Connections Housing Project Breaks Ground and Aims to End Homelessness in San Diego

By Gabriel Circiog, Associate Editor Local business and city leaders have embarked on a new project that is aiming to provide permanent housing to San Diego’s homeless population. The Mission Times Courier reports the groundbreaking of the project took place on January 26 on the rooftop of a 6th Avenue…

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Fat City Lofts Project in Danger as CCDC Votes in Favor of Solar Turbines

Fat City Lofts Project in Danger as CCDC Votes in Favor of Solar Turbines

By Gabriel Circiog, Associate Editor The Center City Development Corp. board has cast its vote on the Fat City Lofts development. As previously reported, Solar Turbines has opposed the project arguing that coexistence with the planned 232-unit apartment development would be virtually impossible. The company stated that the development would…

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Joint Venture Acquires 7,654-acre CalPERS Portfolio, Including Merriam Mountain

Joint Venture Acquires 7,654-acre CalPERS Portfolio, Including Merriam Mountain

By Gabriel Circiog, Associate Editor San Diego-based Newland Real Estate Group LLC has formed a new joint venture with North America Sekisui House LLC, a division of a major Japanese development company, and has thus acquired the largest operating portfolio of residential master-planned communities in the United States. The San…

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Hines Signs 15-Year Lease at La Jolla Commons Campus

Hines Signs 15-Year Lease at La Jolla Commons Campus

By Gabriel Circiog, Associate Editor The San Diego office of international real estate firm Hines has recapitalized its 12.3-acre premier mixed-use La Jolla Commons campus. Hines also executed a 15-year lease for a new 415,000 square foot office building which will be built on the campus located in San Diego’s…

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MG Properties Group Expands Portfolio; Marcus & Millichap Brokers Sale of Sabre Springs Business Park

MG Properties Group Expands Portfolio; Marcus & Millichap Brokers Sale of Sabre Springs Business Park

By Gabriel Circiog, Associate Editor MG Properties Group has acquired a 168-unit multifamily property in the university district of San Marcos, according to RenTV.com. The property, Barham Villas Apartments, was purchased from New York-based TGM Associates L.P. for an undisclosed amount. The property features a mix of one- , two- and…

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Marriott Marquis Hotel and Marina $182 Million Upgrade Project Reaches California Coastal Commission for Final Approval

Marriott Marquis Hotel and Marina $182 Million Upgrade Project Reaches California Coastal Commission for Final Approval

By Gabriel Circiog, Associate Editor The San Diego port directors have approved the upgrade project for the Marriott Marquis hotel and marina. Signon San Diego reports the plan is off to the California Coastal Commission for final approval. The $182 million project features interior remodeling, replacing the Marriott Hall which…

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Pacific Equity Partners to Redevelop Historic E Street Post Office; AMCAL Multi-Housing Builds Affordable Housing Project

Pacific Equity Partners to Redevelop Historic E Street Post Office; AMCAL Multi-Housing Builds Affordable Housing Project

By Gabriel Circiog, Associate Editor Pacific Equity Partners of Rancho Santa Fe plans to redevelop the historic E Street post office in downtown San Diego. Signon San Diego reports that the developer will present the plan, which will include the addition of a 20-story apartment tower, to the city’s Historic…

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Grossmont Healthcare District Plans $240.8 Million Projects; Kaiser Permanente to Build New Hospital in Kearny Mesa

Grossmont Healthcare District Plans $240.8 Million Projects; Kaiser Permanente to Build New Hospital in Kearny Mesa

By Gabriel Circiog, Associate Editor The San Diego medical care sector is buzzing once again as the Grossmont Healthcare District plans to break ground on several projects worth $240.8 million at the Sharp Grossmont Hospital in La Mesa next year and Kaiser Permanente announces plans to build a new 350-bed hospital…

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Echo Pacific to Build Bio-Tech High School; Newmark Realty Capital Arranges $224 Million Financing for Class A Office Building

Echo Pacific to Build Bio-Tech High School; Newmark Realty Capital Arranges $224 Million Financing for Class A Office Building

By Gabriel Circiog, Associate Editor Echo Pacific Construction Inc. has started construction on The Del Lago Academy, Campus of Applied Science in Escondido. The new bio-tech high school is part of the Escondido Union High School District’s $98 million general obligation bond measure. According to Chris Rowe, Owner and President of…

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Cypress Office Properties LLC Expands Portfolio; BioMed Realty Trust Plans to Raise Over $400 Million to Invest in Life-Sciences Buildings

Cypress Office Properties LLC Expands Portfolio; BioMed Realty Trust Plans to Raise Over $400 Million to Invest in Life-Sciences Buildings

By Gabriel Circiog, Associate Editor San Diego-based Cypress Office Properties LLC has purchased a 78,400-square-foot Class A office building in Escondido. Located at 500 La Terraza Blvd, the three-story building was built in 2008 and RenTV.com reports it was 38 percent [...]…

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