La Mesa
REAL ESTATE
San Ysidro's Avanzando Housing Project Greenlit with $33.7 Million State Grant, Promises Affordable Homes and Enhanced Transit
The state of California is stepping up with a hefty $33.7 million grant to bolster affordable housing in San Ysidro. This funding, secured through the Affordable Housing and Sustainable Communities (AHSC) program, is set to give a green light to the development of the Avanzando housing project, run by a collaboration between Hitzke Development Corp. and Casa Familiar, according to the City of San Diego. San Diego’s Mayor Todd Gloria expressed jubilance over the grant award, highlighting the project’s alignment with the city’s goals for affordable housing near public transit options and citing it as an exemplary model for transit-oriented housing development.
High-End 100,000 SQFT Merrill Lynch Building in La Jolla Listed for Sale
A storied, high end office building in San Diego’s affluent La Jolla neighborhood is on the market for the best offer. CBREis marketing the 100,000 square foot building at 7825 Fay Ave. in La Jolla. Originally built in 1986, the “Merrill Lynch Building” has been anchored by a Merrill Lynch Wealth Management branch since 1996. The office building is tucked into a corner in The Village of La Jolla, an upscale residential and business neighborhood aimed at professionals.
Developer Planning Housing on Del Mar Bluffs Delays ‘Builder’s Remedy’ Lawsuit
The developer of Seaside Ridge, apartments proposed for Del Mar’s vacant north bluff, has requested a delay in the hearing set in a lawsuit against the city over the affordable housing project. The delay was requested to allow time for the California Court of Appeal to issue its decision...
Hines Doubles Lead Tenant’s Commitment at Otay Mesa Tech Park
Foxx Development, the first tenant at Hines’ Brittania Tech Park in San Diego’s Otay Mesa submarket, has doubled its tenancy, expanding into another 50,572 square feet of Class A industrial space on top of an initial lease of 50,573 square feet signed just last month. Expanding its footprint to scale its product manufacturing and distribution operation, Irvine-based Foxx will now occupy 100% of the 101,145-square-foot building located at 7222 Airway Rd.
Sperry Expands into San Diego with New Affiliate
Sperry, a leading commercial real estate firm specializing in the investment sales brokerage, leasing brokerage, business brokerage, property management and investment of commercial real estate, said Friday that Discovery Property Group, Inc. in San Diego, is joining the firm as an affiliate under the name Sperry-Discovery Commercial. The affiliation marks Sperry’s expansion into San Diego.
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