November 2, 2017
Renovate America earlier this year signed a seven-year lease to consolidate its employees in a 160,000 square foot space at the Rancho Vista Corporate Center in Rancho Bernardo. San Francisco-based Swift Real Estate Partners had acquired the space from HP Inc. for $69 million and spent about $12 million to renovate the space. The building owner also said it planned to invest $6.6 million to construct an adjacent 10,000-square-foot building and make other exterior improvements for Renovate America. Photo courtesy of CBRE
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FINANCE: It Is Part of Broad Restructuring Plan; Changes to Loans Pushed
San Diego-based home improvements financing provider Renovate America said Oct. 30 it will lay off nearly 20 percent of its workforce — 100 people — by year’s end.