REAL ESTATE: Honor Caps Stellar Career
Terrence “Terry” Tallen has been inducted into the prestigious Homer Hoyt Institute as a Hoyt Professional Fellow.
Real Estate: $30M Monsaraz Hotel Debuts in Point Loma
Point Loma’s new Monsaraz Hotel has won an international award for its design, which is meant to reflect the Portuguese heritage of its neighborhood.
Monthly apartment rents in San Diego have shot up by 20.3% over the past year with more hikes likely, although the pace of the increases may slow, according to Apartment List, an online listing services.
LPC West, the West Coast arm of national real estate firm Lincoln Property Company, in a joint venture with the firm of firm Angelo Gordon, has acquired a single-story industrial building located in Carlsbad for $19 million.
An El Cajon apartment building has been sold for nearly $9.8 million. The building has 31 apartments in a mix of one-bedroom and two-bedroom units.
Design: Tobia Acquires FS Design Group
Amy Tobia has acquired the Mission Valley interior design firm – FS Design Group – after working as the firm’s senior project manager for the past 10 years.
Bay Ho Shopping Center has been sold for $3.9 million. The 14,592 square-foot shopping center, 4011-4033 Avati Drive, was sold by Zealot & Company Limited, a Hong Kong corporation.
An East Village apartment tower built by Father Joe’s Villages in partnership with Chelsea Investment Corp. and a Southcrest apartment project by Community Housing Works received Ruby Awards from the San Diego Housing Federation as construction projects of the year.
FITNESS: Local Gym Owner Opens ‘Flagship’ Facility
The BXNG Club, which is based in East Village, is opening a 17,000-square-foot gym in Solana Beach with plans to open an additional club in Rancho Bernardo later this year and one in Los Angeles in 2023.
UTILITIES: Project to Serve East County
Construction has started on a $950 million water purification plant in Santee that will provide enough drinking water to serve an estimated 500,000 people and businesses in East County.