a Berkshire Hathaway and Jefferies Financial Group company

a Berkshire Hathaway and Jefferies Financial Group company

a Berkshire Hathaway and Jefferies Financial Group company

articles

and press

MG Properties Makes $78M Luxury Purchase

MG Properties Group has acquired Mitchell Place, a 230-unit luxury community in Murrieta, Calif., from MBK Rental Living, in one of the largest multifamily transactions in the Inland Empire this year. The Class A property traded for $78.3 million, and the buyer financed the purchase with a $50.9 million Fannie Mae loan, according to public records. Berkadia negotiated on behalf of the seller and provided the financing.

Berkadia Negotiates $7.3M Sale of The Sterling Apartments in San Diego

SAN DIEGO — Berkadia has arranged the sale of The Sterling, a colonial revival multifamily asset in San Diego. Chicago-based Highlands REIT acquired the community from San Diego-based SENTRE for $7.3 million.
Located at 470 20th St., the fully renovated, 27-unit property holds a Mills Act historic designation as part of the historic Sherman Heights neighborhood.

San Diego architect Jonathan Segal selling all properties to finance high-rise in Little Italy

One of San Diego’s most celebrated local architects is selling all seven of his properties to finance his dream of a high-rise tower in Little Italy.
Jonathan Segal, who is also a developer of his own projects, is selling well-known properties in Hillcrest, North Park, Mission Hills and Little Italy. The sale makes up 222 apartments and 32,763 square feet of commercial space.

Southern California Investors Getting Off the Commercial Real Estate Sideline

We’ve been no stranger to change this year and have felt yet another shift over the last month or so. In the second quarter, we saw a slight disruption in our San Diego market as investors were concerned about preserving liquidity in the face of COVID-19 uncertainty. However, with this delay in deploying capital, we now see local investors looking to make up for lost time.

Berkadia Closes $45M San Diego Portfolio Deal

Berkadia has facilitated the sale of Park & Polk and The Fort, two communities totaling 84 units in San Diego. Architect Jonathan Segal sold the portfolio, which he also designed and developed, to AL Group LLC for more than $45 million. Ed Rosen, John Chu and Tyler Sinks represented the seller in the deal. The same team arranged another San Diego deal in December.

Berkadia Completes Two-Property Multifamily Sale and Amid Global Pandemic

SAN DIEGO – June 16, 2020 – Berkadia announced the recent sale of Park & Polk and The Fort, two trophy mixed-use assets located in premier rental submarkets in San Diego. Both The Fort and Park & Polk were designed and developed by renowned architect and developer, Jonathan Segal. Investment Advisors Ed Rosen, John Chu and Tyler Sinks of Berkadia’s San Diego office handled the transaction.

La Jolla Park West Trades Hands in San Diego

Property West Residential has acquired La Jolla Park West from Hunt Pacific Management Corp. for $22.5 million. La Jolla Park West is a 60-unit multifamily property located in San Diego.

Apartments Trade for $22 Million in High-Demand San Diego Enclave

San Diego-based investor Property West Residential has purchased a University Town Center apartment property for $22 million, marking the relatively rare multifamily property sale in the high-demand and pricey ​ neighborhood.

Grantville Apartment Complex Sold For $149M

A recently constructed Mission Gorge apartment complex has been sold for $149 million.
The 441,000 square-foot Hanover Mission Gorge, 4440 Twain Ave., was sold by Hanover Co. based in Houston to Mission Gorge Investors LP controlled by R&V Management of San Diego.

Point Loma Apartments Sold For $16.4M

A Point Loma apartment complex has been sold for $16.4 million.
The View apartments, 3788 Elliott St., was sold by Point Loma Equity Fund, LLC to The View Owner, LLC based in Chicago.
Built in 1966, the complex has 34 apartments ranging from 879 square feet to 1,241 square feet.
The apartments have stainless-steel appliances, quartz countertops, vinyl-hardwood flooring, full-size washers and dryers and new custom finishes.

Berkadia Completes $28 Million in Combined Sale

SAN DIEGO – February 22, 2019 – Berkadia is pleased to announce two record setting multifamily sales: Kensington Commons and Charlee Lofts. Both transactions represent the highest price-per-unit sales in their respective submarkets. Associate Director Tyler Sinks and Managing Directors Ed Rosen and John Chu, all of Berkadia’s San Diego office, completed the sales on behalf of the respective sellers.

Kensington Commons Sold For Nearly $22.7M

A Kensington mixed use project has been sold for nearly $22.7 million.
Kensington Commons, 4142 Adams Ave., was sold by Terrace Partners L.P. to Kensington Commons Investments.
Built in 2014, the 46,810 square-foot complex includes 34 apartments and 9,973 square feet of commercial space.
Apartments range from 932 square feet to 1,262 square feet.

North Park Mixed-Use Complex Sold For $5.7M

A North Park mixed-use complex has been sold for $5.7 million.
Charlee Lofts, 4045 30th St., was purchased by Garden Terrace Investments LLC from 4045 30th St., LLC.
The 10,320 square-foot complex has 10 apartments of 820 square feet each and 1,820 square feet of commercial space.
Tyler Sinks and Ed Rosen of Berkadia represented seller.

San Diego Sales EXPerience

Sales Volume

$14,005,000,000

Units

100,033

Average PPU

$150,000

San Diego Office

4275 Executive Square, Suite 900

La Jolla (San Diego), CA 92037

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