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The San Diego REIT purchased the property from a local family office that had owned it for 40 years in a deal arranged by CBRE.
Commercial Real Estate Direct Staff Report American Assets Trust has paid $67.9 million, or $353,645/unit, for the 192-unit Genesee Park apartment property in San Diego. The San Diego REIT purchased the property from a local family office that had owned ...
Rentv.com Brokerage & Logistics Solutions Inc. has agreed to fully lease Building 2 at the Sanyo Logistics Center, a 243,000-square-foot industrial property in Otay Mesa, Calif. VOIT Real Estate Services brokered the lease for the logistics company, while Colliers represented ...
Fifth Third Bank has provided $37.9 million of financing for the construction of the 148-room Element by Westin Mission Valley hotel in San Diego. Driftwood Capital of Coral Gables, Fla., is building the property at 8757 Rio San Diego Drive, ...
The three-building MUSE property was completed in 2021 at 3030, 3040 and 3050 Science Park Road, about 15 miles north of San Diego's downtown. It is 49 percent leased and has fitness and conference centers, café, and outdoor seating areas. ...
Walker & Dunlop Investment Partners has provided $81 million of financing against the 312-unit Enclave Heritage Flats apartment property in the San Diego suburb of Chula Vista, Calif. The short-term loan, with limited recourse, allowed the property's owner, Baldwin and ...
Commercial Real Estate Direct Staff Report MG Properties has paid $309 million, or $1.1 million/unit, for the 280-unit Park 12 Apartments in San Diego. The San Diego investment manager purchased the property from Greystar of Charleston, S.C., which was represented ...
King Street Properties has paid $120 million, or $495.94/sf, for the 241,963-square-foot Esplanade life-sciences property in San Diego. The Boston investment manager purchased the property from Alexandria Real Estate Equities Inc., which was represented by Newmark. Alexandria also provided $166 ...
Commercial Real Estate Direct Staff Report Breakthrough Properties has paid $159 million, or $854.84/sf, for the 186,000-square-foot MUSE life-sciences property in San Diego. Breakthrough, formed in 2019 by Tishman Speyer and Bellco Capital, bought the property from Diversified Healthcare Trust of ...
Commercial Real Estate Direct Staff Report The Oliver Family Trust has paid $30.95 million, or $213,448/room, for the 145-room Homewood Suites Carlsbad hotel in suburban San Diego. The San Diego trust, led by Joseph F. Oliver III, funded the property's ...
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