72.4 F
San Diego
Sunday, Sep 25, 2022
-Advertisement-

SD REGIONAL REPORT

Locally based Recht Family Trust has acquired the 58-unit Greenfield Estates apartment complex in El Cajon for million. The seller was R&V Management Corp. of San Diego.

EL CAJON

Greenfield Estates ComplexSells for $8 Million

Locally based Recht Family Trust has purchased the 58-unit Greenfield Estates apartment complex in El Cajon for $8 million. The seller was R&V Management Corp. of San Diego, represented by brokerage firm CBRE.

Ron Mazzola Realty represented the buyer, which assumed a $5.68 million Fannie Mae loan for the purchase, according to a statement from CBRE.

- Advertisement -

The apartment property, at 501 Greenfield Drive, was 96 percent occupied at the time of sale. It consists of eight two-story buildings, and was built in 1988 on 1.92 acres.

— Lou Hirsh

A group that includes Universe Holdings of Los Angeles purchased the 40-unit Chateau Spring Gardens apartment complex in La Mesa for million.

LA MESA

Chateau Spring Gardens Sells for $6 Million

Chateau Spring Gardens, a 40-unit apartment complex in La Mesa, has been acquired for $6 million. The buyer was Chateau Spring Gardens LLC, with Universe Holdings as the general partner and Henry Manoucheri as chairman and CEO, according to a statement from brokerage firm CBRE.

The property, at 4265 Palm Ave., was fully occupied at the time of sale. Sellers William and Barbara Blatchley represented themselves, and CBRE represented the buyers.

The gated property was built in 1990 on 1.65 acres, and is comprised of two three-story buildings totaling 35,626 square feet.

Los Angeles-based Universe Holdings already owns the 94-unit Chateau Spring Hill apartment complex in La Mesa and a total of nearly 200 units in the vicinity. Manoucheri said the company has bought and sold more than 1,000 units in San Diego County in recent years, and is scouting for more acquisitions in the region.

— Lou Hirsh

After struggling with problems from dampness and birds with her own outdoor TV, entrepreneur Tammy Green started Custom Cool TV Covers in 2008, which grew 17 percent in 2012.

POWAY

Custom Outdoor TV Cover Business Takes Off

Big-screen TVs are great in the outdoors, but the great outdoors aren’t so good for TVs. Enter Tammy Green, who has discovered a growth business addressing the down side of outdoor installations, including moisture and messy birds.

Green reports that her business, Custom Cool TV Covers, enjoyed 17 percent growth in 2012 on top of 19 percent growth the year before. She declined to give revenues.

She started the business in 2008 after working to solve the problems of her own outdoor TV at home. Custom Cool TV Covers currently has four employees. The business contracts out the sewing work. The vinyl covers with Velcro closures are sewn to custom measurements and start at $74. Green sells the product through her website, customcoolcovers.com.

The business also produces barbecue covers.

Green and her husband, Al Maroni, own and operate another business, Tiewraps.com Inc.

— Brad Graves

SAN DIEGO

New Urgent Care Opens in North County

MD Today Urgent Care plans a grand opening Jan. 30 at its new clinic in the North County area.

The facility is at 10605 Scripps Poway Parkway, west of the Poway Business Park.

MD Today has partnered with Ximed Medical Group to provide patients with immediate access to their network of multispecialty independent physicians.

— Brad Graves

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-