Rancho San Diego
REAL ESTATE
Southern California Living: Inside a $24.95 Million Modern Masterpiece in La Jolla
Perched high above La Jolla's esteemed Muirlands in San Diego, this iconic residence is a masterpiece of modern design and one of the most unique homes on the market in California. The 12,842-square-foot home includes 7 bedrooms and 10 bathrooms. Designed for the best of Southern California living, this contemporary modern home provides seamless indoor-outdoor living with warm, open spaces and endless entertainment.
Tom York on Business: 10 Applicants Scramble for Each Vacant Apartment in San Diego
Yet another example of just how crazy the cost of living especially housing is getting here in San Diego. A new report from the residential rental website RentCafe found that Diego is the state’s fourth-hottest rental market. The competition is fierce: 10 applicants vie for every apartment that comes...
GID Real Estate Investments Buys 331-Unit Multifamily Community in Rancho Penasquitos for $167MM
Walker & Dunlop, Inc. announced today that it arranged the $167,000,000 sale of Millennium PQ, a trophy suburban core multifamily community comprising 331 units in Rancho Penasquitos, one of San Diego’s most sought-after neighborhoods. This sale marks the largest suburban core transaction and second-largest single-asset transaction in California, as...
Berkadia Delivers $150M Financing for San Diego Affordable Rehab
Berkadia arranged the financing of Sea Breeze Gardens, a 268-unit affordable housing property in San Diego. Senior managing director Tim Leonhard and SVP and head of acquisitions Chris McGraw of Berkadia Affordable Housing secured the $53.5-million Low-Income Housing Tax Credit equity investment and $97.5 million in bonds that were credit enhanced by Freddie Mac on behalf of the sponsor, Lincoln Avenue Communities.
San Diego Housing Market Displays Subtle Price Dip Amidst Increased Supply and Sales Activity
Amid an overarching sense of stabilization in the housing market, San Diego County's real estate landscape shows nuanced trends. As reported by NBC San Diego, June's data presented a slight slip in median home prices, with a 0.8% decrease from May, even as prices hovered above $900,000 for the third consecutive month. Reflecting on these numbers, California Association of Realtors President Melanie Barker conveyed optimism, stating, "With interest rates coming down to the lowest levels since February and the availability of homes loosening up further in the last few months, the housing market is gearing up for another run in the second half of the year".
FHA head Julia Gordon to return to NRMLA Annual
Julia Gordon, the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association‘s (NRMLA) Annual Meeting and Expo that will take place in San Diego in September.
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