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San Diego investor and developer Dan Floit has acquired a Carlsbad office building housing Bank of America for $7.2 million, according to brokerage company CBRE Group Inc.September 9, 2014 4 p.m. Share
The $907 million Green Build Terminal 2 expansion at San Diego International Airport was recently named Best Project, in annual awards bestowed by the industry news publication Engineering News-Record, published by McGraw-Hill Construction.
Chelsea Investment Corp. has entered into a $28.6 million joint venture with the current property owner to acquire and renovate the 152-unit Westminster Manor senior housing building in downtown San Diego, according to brokerage company Colliers International.
The Asian Real Estate Association of America, a national trade group based in San Diego serving Asian Americans in the real estate industry, said a recent report shows that segment applied for and obtained the largest share of purchase mortgages than any other minority group in recent years, measured both in number and dollars.
HFF announced that it has secured a $140 million financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.
Civic San Diego, the city’s downtown project oversight agency, has issued a request for proposals for professional advisory services, related to plans by the organization to form a transit-oriented development investment fund.
An affiliate of Hyspan Precision Products Inc. of Chula Vista has purchased a Carlsbad office building for $4.85 million, according to CoStar Group and public data.
Mana Investments, a Carlsbad firm focused on real estate investments, said it’s assembled a portfolio of residential land with some 2,700 lots in various stages of development, and beginning to sell.
San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.
Partnerships controlled by San Diego-based R&V Management Corp. have purchased the 124-unit Central Park condominium rental property in La Mesa for $28.3 million, according to CBRE Group Inc., which represented the seller.
PROPERTY: Community Involvement Requires More Than Meetings
If the gospel of smart growth isn’t resonating with residents of many San Diego neighborhoods, especially the younger generation, is there a problem with the message? Or is it the messenger, or even the delivery method?
Bill N. Shepard Trust of El Cajon has acquired an 18-unit apartment complex in San Diego’s North Park neighborhood for approximately $3.28 million, according to CoStar Group and public data.
Civic San Diego, the city’s downtown project oversight agency, has approved plans for the $60 million Broadstone Makers Quarter, a 269-unit mixed-use apartment project to be built in East Village.
San Diego State University has broken ground on South Campus Plaza, a $143 million mixed-use student housing and retail project slated for completion in fall 2016.
San Diego-based BioMed Realty Trust Inc. and the Broad Institute of MIT and Harvard announced a strategic partnership to foster innovation and promote relationships between academia and the life science industry.
Imperial Beach Resort LLC of Henderson, Nev., has purchased Beach Town Rentals, a 31-unit apartment property in Imperial Beach, for $5.5 million, according to CoStar Group and public data.