Category Archives: Commercial Real Estate

Kilroy Realty Corporation Wins 2020 ENERGY STAR Partner of the Year Sustained Excellence Award

Kilroy Realty Corporation Wins 2020 ENERGY STAR Partner of the Year Sustained Excellence Award

Kilroy Realty logo Local Business Scoop

Kilroy Realty Corporation announced today that the U.S. Environmental Protection Agency (EPA) has for the seventh year in a row recognized KRC as an ENERGY STAR Partner of the Year. In addition, the EPA has also recognized KRC for the fifth time with its Sustained Excellence designation.

EPA’s annual ENERGY STAR Awards honor organizations that have made outstanding contributions to protecting the environment through superior energy efficiency. Since 1992, ENERGY STAR and its partners have saved over four trillion kWh of electricity, while achieving broad emission reductions, and in 2018 alone helped Americans avoid over $3.5 billion in energy costs.

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Unbound Collection by Hyatt Adds Hotel Sofia Barcelona

Unbound Collection by Hyatt Adds Hotel Sofia Barcelona

Hyatt Hotels Corporation recently announced that Hotel SOFIA Barcelona is joining The Unbound Collection by Hyatt, becoming the first Hyatt hotel in Barcelona and third property in Spain. The 465-room hotel is located on the Avenida Diagonal, one of Barcelona’s main avenues in the heart of the city. Originally named after Princess Sofia, wife to the former… Continue Reading

Who Bought the Grand Hotel in Minneapolis for $30 Million?  Did They Get a Deal?

Who Bought the Grand Hotel in Minneapolis for $30 Million? Did They Get a Deal?

Grand Hotel in Minneapolis Sold by Pebblebrook Hotel Trust at a Loss Yesterday I received the following press release entitled “Pebblebrook Hotel Trust Completes Sale of the Grand Hotel Minneapolis”.  But curiously, the release does not mention who purchased the property – or what brokers were involved.  It’ also interesting that the hotel’s website appears… Continue Reading

Del Mar Investment Firm Cazador Acquires More Multifamily Properties in San Diego

According to a post at SanDiegoRealEstate.re, Del Mar – based Cazador Investments, LLC has closed on five separate acquisitions across San Diego County in the last nine months, totaling 44 multifamily units and 4 commercial spaces in several desirable submarkets. Hunter Beaumont, President of Cazador, comments, “These acquisitions were each situational opportunities where we could get into… Continue Reading

Virtua High Growth Fund Completes Sale of Kentucky Apartment Interest

Virtua High Growth Fund (VHGF) has completed the sale of its interest in Patchen Oaks Apartments, a 192 unit apartment complex located in Lexington, Kentucky. In March 2016, VHGF purchased a minority interest in the Patchen Oaks property based on an equity valuation of $1,066,428.  The apartment project was sold on April 20th with net… Continue Reading

Santa Rosa Apartments in Wildomar Sells to MG Properties Group for $74.5M

MG Properties Group, a private San Diego-based real estate investor and operator, recently announced the acquisition of the Santa Rosa Apartments in Wildomar, California. Built in 2008, Santa Rosa offers 320 luxury apartment homes in a desirable low density two-story walk-up design. Santa Rosa is adjacent to the Inland Valley Medical Center, Kaiser Permanente, and Southern… Continue Reading