San Diego
New Partnership Investing $20M in Affordable Housing in California
The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.
UCSD Awards Big Contract for La Jolla Project
General contractor Rudolph and Sletten Inc. was recently awarded an important preliminary contract for the development of a medical facility for UC San Diego Health Services in La Jolla. The company is now set to start work on an outpatient pavilion, with the contract set at around $78 million, and expected to be booked during Q3 of this year. The facility that Rudolph and Sletten Inc. is set to construct will act as support for the Jacobs Medical Center.
TIAA-CREF Takes Kearny Mesa Office Asset
The Copley Corporate Center in the Kearny Mesa submarket recently traded hands. The Class A office asset was acquired by leading retirement provider TIAA-CREF through affiliate T-C Copley LLC. The investor reportedly paid seller Colony Realty Partners a fee of $43.5 million for the office complex. The deal was arranged by CBRE representatives Louay Alsadek, Kevin Shannon, Rob Merkin, Brad Black and Hunter Rowe on behalf of Colony Realty Partners.
Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista
By Gabriel Circiog, Associate Editor Resmark Apartment Living, a division of The Resmark Companies, has teamed up with ColRich to develop two apartment communities in southern San Diego County. Located in the Eastlake master-planned community in Chula Vista, the 19.6-acre development site is just south of the Olympic Parkway and Wueste Road intersection adjacent to […]
The Village at Market Creek Awarded LEED-ND Silver Certification
By Gabriel Circiog, Associate Editor The Village at Market Creek has become the third project in the country to receive LEED Neighborhood Development approval after receiving a Silver designation under the LEED-ND rating system. The LEED-ND application process for The Village was funded through a grant awarded in partnership by the United States Green Building […]
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 attract an environmental review that […]
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 Diego Union-Tribune reports the deal […]
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