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Now that four big downtown office towers have been sold in 2016, San Diego’s “Skyline” market is poised for its biggest year in a decade for deal volume, according to a recent report by the brokerage firm JLL.
Property owner Brookwood Financial Partners LLC has obtained $18.3 million in refinancing for its Four Points Business Park in Kearny Mesa, according to Mesa West Capital LLC, which provided the financing.
Two San Diego apartment properties recently changed hands in separate deals totaling more than $4.3 million, according to brokerage firm South Coast Commercial Inc.
An affiliate of Milwaukee-based Northwestern Mutual Life Insurance Co. has purchased the 273-unit Pulse Millenia apartment property in Chula Vista for $93.8 million, according to CoStar Group and public data.
The total value of San Diego’s construction starts was down nine percent from a year ago, at just over $1.25 billion, for the first five months of 2016, according to the latest monthly figures from Dodge Data & Analytics.
An intermediary for Builders Trust of Los Angeles has acquired a three-building private school campus in Solana Beach for $6.25 million and is leasing back the property to its seller, an affiliate of Irvine-based LePort Educational Institute Inc.
A Tustin-based investment group recorded as River Oaks Apartments LLC has acquired Pharus Plaza, a 30-unit apartment property in Chula Vista, for approximately $8.39 million, according to CoStar Group and brokerage firm Marcus & Millichap.
A California limited partnership affiliated with La Mesa-based Hanken Cono Assad & Co. Inc. has acquired a 70-unit apartment property in Chula Vista for approximately $13.2 million, according to CoStar Group and public data.
On the northern edge of Rancho Santa Fe is Casa Loma, an extraordinary estate with panoramic mountain, valley and ocean views. Eight years in the making, renowned late architect Ted Grenzbach was given unfettered artistic license to design a home like no other. Grenzbach, who designed homes for Hollywood royalty, created a luxurious, yet comfortable, world-class modern residence.
VP REIT Inc. and MVP REIT II Inc., San Diego-headquartered investment firms focused on parking structures and facilities, have decided to defer taking any action to list the company’s common shares on the NASDAQ Global Market.
Lee & Associates has brokered the $4.8 million sale of the Rancho Santa Fe Business Center, a 41,477-square-foot multitenant industrial park in San Marcos.
The downsized, but still controversial One Paseo project was approved Monday by the San Diego City Council.
EMMES Realty Advisors LLC has acquired a 580-stall parking and retail facility. The eight-story parking structure with approximately 14,000 square feet of ground floor retail space is located at 1350 6th Ave. in downtown San Diego.
Jay Crystall LLC of San Diego has acquired a 13-unit apartment complex in Point Loma for approximately $4.4 million, according to brokerage firm CBRE Group Inc.
A group that includes former San Diego City Councilman and mayoral candidate Carl DeMaio has put forward a proposal that it says could fund a new multi-use San Diego Chargers stadium with event facilities without tax increases or other public funding.