San Diego
Kidder Mathews Arranges San Diego Multifamily Sale
Marlborough 4102 LLC purchased the 18-unit property in San Diego for $4,162,500. Managed by Brycorp Properties, the community was completely renovated in 2007.
SoCal Delivers for Investors in San Diego
The metro benefits from a strong talent pool, renowned universities and its ever-growing biotechnology sector. Inventory is expected to expand significantly in the coming years, given the city’s robust multifamily pipeline and recent pro-development legislation.
IEC Snags $34M San Diego Property
The company has acquired Verse La Mesa, a 133-unit, value-add multifamily asset in the La Mesa submarket.
Sunrise Management Recruits New VP
A 15-year industry veteran, Danielle Munoz will focus on property management for the company’s Southern California portfolio.
New Affordable Housing Coming to San Diego
Affirmed Housing began construction of a 79-unit community in Pacific Highlands Ranch. Dubbed Luna, the property will rent to those who earn between 50 and 60 percent of the area’s median income.
JV Acquires San Diego’s Broadstone Corsair
Olympus Property and Artemis Real Estate Partners are rebranding the 360-unit community Olympus Corsair. It is the city’s only LEED Gold-certified market-rate community.
JPI Lands Financing for $104M San Diego Community
The 172-unit Jefferson Pacific Beach will encompass three acres and include 14,000 square feet of ground-level retail and creative office space.
TruAmerica JV Acquires $90M San Diego Community
The 519-unit Eagles Point in Escondido, Calif., comprises studio, one- and two-bedroom floorplans ranging from 440 to 995 square feet. The community will undergo TruAmerica’s largest renovation plan in company history.
Walker & Dunlop Closes $289M Financing for CA Portfolio
The properties comprise nearly 2,200 units in four major markets. Of the 21 properties, 11 have Section 8 HAP contracts to provide affordable housing, and 10 qualify for Fannie Mae’s Green Rewards Program.
Berkadia Closes Record Sale in Encinitas
Property West Residential purchased a 120-unit community in San Diego County for $53 million from Equity Residential.