San Diego opponents of a newly approved increase in commercial developer “linkage” fees plan to launch a signature drive aimed at overturning the decision or placing it before voters.
Irvine-based CIP Real Estate, in a joint venture with Alex Brown Realty of Baltimore, has purchased a six-building industrial park in Kearny Mesa for $7 million from Union Bank.
Martin Woods Apartment Homes LP, a unit of San Diego-based Property West Residential, has purchased the 86-unit The Villas at La Mesa apartment community for approximately $12.2 million, according to brokerage services provider CBRE, which represented the buyer and seller.
San Diego-based investment firm Pathfinder Partners LLC has purchased a Seattle condominium development for $13.2 million, marking its fifth acquisition in that market.
The Control Group, a locally based Web development and online marketing firm, plans to invest more than $3 million as it expands into the MetroWork office condominium building in Little Italy.
The ConAm Group of Companies recently named Chaz Mueller as president and CEO.
Best Western Plus Blue Sea Lodge in Pacific Beach has been reflagged as Blue Sea Beach Hotel, an independently branded and operated property, as it undergoes an extensive $5 million renovation.
Woodrose LP has purchased a 34-unit apartment complex in Pacific Beach for $6.8 million, according to brokerage services provider Sperry Van Ness, which represented the buyer and seller.
PROPERTY: Lawsuit Challenges the Coastal Commission’s Approval
The long journey toward an expansion of San Diego Convention Center reached an important milestone this year, when the $520 million project received the blessings of the California Coastal Commission.
TRAVEL: Tourism Authority to Restart Some Marketing Efforts
2014 will be a time of recuperation for local tourism promotion programs, which saw funding lopped off by more than 60 percent in 2013 as a result of political and legal disputes over the San Diego Tourism Marketing District.