Multifamily news in Architecture & Design - San Diego

  • San Diego State Starts $53M Makeover of Residence Hall

    San Diego State University’s Zura residence hall renovation project has officially begun as Balfour Beatty Construction is handling the process on behalf of the organization. The process is essentially a $53 million investment aiming to upgrade and improve student housing facilities at the site. Financing for the project was sourced through California State University System wide Revenue Bond program, and housing reserves. Completion for the Zura hall renovation project is set for the summer of next year.

  • Port of San Diego To Seek Developers for Waterfront Hotel in Chula Vista

    The City of San Diego is set to see one of the largest waterfront developments take shape as local authorities are gearing up for the Chula Vista Bayfront project. The Port of San Diego is set to issue an RFQ for a convention resort hotel project that would be part of the Bayfront master plan, acting as the centerpiece of the sprawling CVB development initiative. Jones Lang LaSalle is the entity acting as the lead advisor for the Port of San Diego on all aspects of the project.

  • Alliance Diversified Buys Pyramid Building in Miramar, Plans Makeover

    One of the city’s most unusual office properties recently traded hands as Alliance Diversified Holding, LLC paid a purchase fee of $13.6 million for an asset located in the San Diego submarket of Miramar. The seller was APEX 1 & 2 LP. Both companies were represented by the local office of Voit Real Estate Services, with the seller being represented by a team consisting of Brandon Keith, Ryan Bracker and Bob Brady.

  • Kaiser Permanente Kicks Off $900M Hospital in Kearny Mesa

    San Diego has a reputation of being a city that has a lot to owe to the bio-med industry, a sector that has seen impressive progress in the metro area of the city. Now a new health care giant is making waves with a large development project. Kaiser Permanente has broken ground on a hospital campus that it is developing in the growing submarket of Kearny Mesa. The Oakland-based, integrated managed care consortium is investing around $900 million into the high-end facility. The new development will further aid the growth of the Kearny Mesa submarket

  • Starwood Hotels Plans 140-Key Aloft for Rancho Bernardo

    The growing tech submarket of Rancho Bernardo, an area of San Diego that has seen its profile raised over recent years is set to welcome one of the most exciting hospitality brands out there. Starwood Hotels & Resorts Worldwide recently announced the development of a new Aloft-branded hotel, set to open in 2016.

  • Math+Science Complex Completed at San Diego Mesa College

    By Alex Girda, Associate Editor Last year ended with the completion of one of San Diego’s largest new educational facilities: the $109 million Math+Science Complex at San Diego Mesa College. Also the college’s largest project to date, the four-story facility will provide classrooms, laboratories, faculty space and administrative support space for science and mathematics students [...]

  • Lowe Wraps Third Phase of $500M County Campus in Kearny Mesa

    Lowe Enterprises, a Los Angeles-based, national real estate investment, development and management firm recently announced a development milestone for its $500 million, County Operations Center project in the Kearny Mesa submarket of San Diego. The company has finalized development operations for the third phase of its office campus, specifically the new Registrar of Voters Headquarters.

  • PREI Pays Reported $57M for Mission Valley Office Building

    The San Diego office market recorded an important transaction on its road to recovery as the Rio San Diego Plaza recently traded hands. The office asset was acquired by Prudential Real Estate Investors from AEW Capital Management, who sold the property on behalf of one of its institutional clients. The property had been acquired by AEW Capital Management back in 2006 from 8954 Rio San Diego LP. The deal was handled by real estate company Jones Lang LaSalle. The JLL team in charge of the deal was made up of Managing Directors Lynn LaChapelle and Bob Prendergast.

  • 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 with our objective to acquire Luxury, Upper-Upscale and urban Upscale hotels in the top 25 lodging markets.”

  • 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 the aging baseball facility currently occupied by its USD Toreros team, one of the top 25 college baseball teams in the United States.

  • 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 at 4105 Georgia Street, the [...]

  • 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 just 100 feet away from [...]

  • 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 Union-Tribune. While most locals agree [...]

  • 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 San Diego’s project manager, William [...]

  • 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 expected to house a total [...]