San Diego

One of the nation’s top hotels is getting a new name to go with its new ownership and management. Fairmont Hotels & Resorts is assuming management duties at the Grand Del Mar resort, which will operate as the Fairmont Grand Del Mar

An affordable housing project that is crucial to San Diego’s downtown area is finally in the clear after a number of attempts. Wakeland Housing and Development Corporation recently closed on financing from the U.S. Bank, thus edging the Atmosphere affordable housing development closer to reality. The project officially broke ground on March 24th in downtown San Diego, and is slated for a February 2017 completion.

By Alex Girda, Associate Editor The U.S. Green Building Council’s California Central Coast Chapter recently gave its Green School Award to a $2 million net-zero modular project that replaced aging classrooms in the Oak Park Unified School District. Balfour Beatty Construction, the general contractor, assembled seven 960-square-foot classrooms at Oak Park High School, replacing six […]

By Alex Girda, Associate Editor The $456 million Prebys Cardiovascular Institute was recently completed on the campus of the Scripps Memorial Hospital La Jolla in San Diego. Named for the facility’s founding donor, the philanthropist Conrad Prebys,  the facility is part of Scripps Health’s 25-year master plan for the campus. The seven-story, 383,000-square foot facility […]

A new luxury apartment building is set to take shape in downtown San Diego as approvals are now in-place for a brand new project. The development is The Richman Group of California LLC’s third project in SoCal, since its foundation just one year ago. The other two multifamily residential/mixed-use projects by the company to be approved by government agencies are located in Orange County and L.A.

Shapery Enterprises recently secured a loan for its 101 Ash Street property, with the help of financing provider HFF. Shapery controls the borrowing entity, The Gas & Electric Headquarters Building – San Diego, LP, and received $30 million in financing for the property. The team that handled the financing process was led by HFF senior managing director Tim Wright and director Zack Holderman.

A San Diego business park is the subject of a recent transaction brokered by the local office of Colliers International. Shekhter Living Trust sold the property located at 8250-8260 Camino Santa Fe for $6.7 million to buyer Providence Capital Group. The transaction was arranged by Colliers International representatives Arnold Friedman and Evan McDonald, on behalf of both parties.

Wermers Properties and Watermarke Properties recently announced that leasing is now underway at one of their San Diego projects. The joint venture is now ready to receive potential tenants at its Adagio on the Green luxury apartment development, now that the project is nearing the final months of construction. The development deadline for the upscale multifamily project is set for August 2015.