Condo - San Diego
Condo Community Breaks Ground in San Diego
Cornerstone Communities and Presidio Residential Capital plan to start marketing the property in August 2017.
San Diego Dev Project Had the Ambition, Now Has the Money
Upscale residential project in Bankers Hill is now a go following financing.
Oceanside M-F Asset Commands Record Per-Unit Price
The San Diego residential market recently recorded a substantial deal when a rental townhouse development was purchased, setting a per-unit record in terms of the fee. The property is located in the Oceanside submarket of San Diego, and formerly owned by ConAm Group, who sold the property to L.A.-based investor, TruAmerica Multifamily, part of a joint venture with Guardian Life Insurance, the San Diego Union-Tribune writes. The total fee that ConAm received for its asset stood at around $81 million, with the per-unit rate at approximately $366,516, a record for Oceanside a record for the submarket.
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