San Diego
New Solutions Spark Alternative Energy Advances
Renewable energy is alive and well in California, according to industry panelists at Realcomm 2017 and management at the solar powered Solterra EcoLuxury Apartments.
The Best Tech Products at Realcomm 2017
A roundup some of the most cutting-edge technology for multifamily, including a program that allows renters to explore a 3D space, an energy-monitoring and analytics platform and a robot concierge.
MG Properties Snags $134M San Diego-Area Community
HFF marketed the 410-unit property in Vista, Calif., exclusively on behalf of Trammell Crow Residential and its joint venture partner.
LMC Tops Off San Diego Mixed-Use Project
Shift, a 368-unit community located in the East Village neighborhood, includes a 21-story tower and two five-story low-rise buildings.
Sunrise Appoints Small Property Operations Director
Phil Smith will oversee a portfolio of 81 single-family and multifamily properties totaling 688 units throughout Southern California, and spearhead the expansion of the firm’s small properties division.
ACI Brokers $5M Sale in San Diego’s National City
KA Real Estate LLC of Sorrento Valley has purchased the 29-unit community. The 22,352-square-foot building was built in 1964 and underwent renovations.
Marcus & Millichap Leads San Diego County Community Sale
A family trust sold Villa Quixote, a 78-unit apartment community in Escondido, Calif., for $11.8 million. The community was built in 1969, presenting the buyer with an opportunity to renovate the property and raise rents.
On the Market: 5 Interesting Listings for the Week of 5/8
This week’s listings include a Phoenix garden-style community for $1 million and a well-designed urban property in Portland.
Pacific Urban Snags $30M San Diego-Area Asset
Located in Oceanside, Calif., the 136-unit community features 11 two-story buildings. The property also has a condo map and units could be sold individually.
Warmington Properties Secures $190M for Portfolio Refi
Walker & Dunlop Inc. structured five Freddie Mac loans and one Fannie Mae loan, totaling $190.2 million, with 10-year terms and 30-year amortization schedules, to refinance nine California and Nevada communities held by Warmington Properties. Warmington began a value-added program across its portfolio in 2014, including the complete renovation of property amenities, building exteriors and unit interiors.