REAL ESTATE: Fourth Building to Break Ground in 2023
Holland Partner Group has finished and started leasing apartments in its latest addition to The Society, a $457 million Mission Valley apartment project that has 695 apartments in three buildings with a fourth building set to start construction in 2023.
MG Properties, based in Sorrento Valley, has been especially active of late in scooping up California apartment complexes and is turning its attention in 2022 closer to home.
Tower 16 Capital Partners based in Encinitas has sold a Phoenix-area apartment project for $32.1 million – more than double what the investment firm paid for the property in 2019.
Brixton Capital, a real estate investment firm based in Solana Beach, bought a 149,922 square-foot shopping center in American Fork, Utah for an undisclosed price.
A Point Loma apartment building, Nimitz Crossing, has been sold for $30 million. The property is at 3903 Voltaire St.
A Vista industrial building has been leased for $13.5 million. The 134,299 square-foot building at 2340 Cousteau Court was leased by Aptera Motors Corp.
ESG: Ecological Consulting Firm Gets National Award
New York native-turned-La Jolla resident Mark Laska, president, founder and CEO of Great Ecology, a leading ecological consulting firm based in San Diego, was honored at the Environmental Law Institute’s 33rd National Wetlands Awards last month.
Emily Watkins has been named Chief Client Officer Americas of The Instant Group, a New York-based digital marketplace for flexible workspace listing meeting rooms, virtual offices, flexible office space and coworking memberships.
Encinitas-based Stos Partners in a joint venture with Boston-based Long Wharf Capital has sold a Miramar industrial building to EverWest Real Estate Investors for $17.3 million.
REAL ESTATE: Tami Barnhart-Reese Builds Relationships
As the daughter of a prominent San Diego developer, it came as no surprise to those who know her when Tami Barnhart-Reese became the president of her own construction company – Barnhart-Reese Construction, Inc.
Two architectural firms with offices in San Diego – Perkins & Will and The Miller Hull Partnership - won top honors for their San Diego projects from the local chapter of the American Institute of Architects.
A Point Loma office and retail building has been sold for nearly $3.2 million. Willis Allen Real Estate is the anchor tenant.
A Solana Beach office building has been sold for $18 million. The Plaza at 505, 505 Lomas Santa Fe Drive, was sold by Beckman Properties to the Lansing Companies.
A Carlsbad bed-and-breakfast inn – The Pelican Cove - has been sold for $4 million. The property at 320-330 Walnut Ave. was bought by 320 Walnut Ave., LLC.
BIOTECH: Facility Consolidates Company’s Operations
A biotech company that specializes in making DNA sequencing devices, Element Biosciences, has moved to Alexandria Tech Center in Sorrento Mesa.