SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Solstar Investments LLC of Solana Beach has acquired the 120-room Marriott SpringHill Suites and 108-room Marriott TownePlace Suites hotels in Henderson, Nev., for a total of $20 million, according to Nevada public records.
Hospitality management and consulting firm R.A. Rauch & Associates Inc. and investment firm PacVentures Inc., both of San Diego, recently acquired two Arizona hotel properties for a total of $8.65 million, the companies announced.
Investment firm Capstone Advisors has purchased retail centers in San Diego and Poway in separate transactions for a total of $10.8 million, the Carlsbad-based company announced.
Operators recently completed a $12 million renovation of the Hilton San Diego Mission Valley hotel, with a new outdoor event deck and pool area expected to open this spring.
Munther and Jawan Jarjes Gorial of San Diego recently acquired Helix Manor Townhomes, a 16-unit multifamily property in La Mesa, for approximately $2.88 million, according to brokerage company Colliers International.
Vincent and Donna Ivicevic of San Diego recently acquired a 38-unit apartment property in El Cajon for $4.96 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.
The San Diego metro area’s apartment industry had an $11.9 billion economic impact in 2013, including supporting more than 111,000 jobs, according to a recent report by two industry advocacy groups.
An entity recorded as Kirkham Pacific LLC of San Diego has purchased a Poway industrial building for $4.5 million, according to CoStar Group and public data.
PROPERTY: Firm Expanding After Recent Entrance to S.D. Market
Commercial real estate services provider Kidder Mathews has acquired StepStone Real Estate Services, a San Diego-based asset and property management firm, for an undisclosed price.
REAL ESTATE: Health Care, Other Sectors Seek Out Space
Growth in North County’s key “cluster” industries — including health care, biotech, clean-tech and sports-related lifestyle companies — is creating jobs, and also raising demand for commercial real estate space.
IB Villas LLC of Del Mar has purchased the 33-unit Stuart Manor apartment property in Imperial Beach for $4.5 million, according to brokerage company Berkadia.
San Diego-based Excel Trust Inc. has sold the two-building Promenade Corporate Center office property in Scottsdale, Ariz., for $65 million, according to Arizona public data.
San Diego-based Rick Engineering Co. (RICK) and Mooney Planning Collaborative (MPC) have announced the merger of the two firms, resulting in a planning, design and engineering company with a broad range of services.
A buyer recorded as HCP CIP II LLC of Irvine has purchased the 60-unit Heritage at Canyon Pointe Apartments in Escondido for $11 million, according to CoStar Group and public data.
Allen Properties Group 43 of Newport Beach has acquired a newly built, 18-unit apartment property in San Diego’s Little Italy neighborhood for $6.2 million, according to brokerage company Colliers International.