Hotel Indigo Sold to Maryland Investment Group
Chesapeake Lodging Trust, a Maryland-based real estate investment trust, announced the purchase of Hotel Indigo in the Gaslamp today. Total cost was $55.5 million, approximately $264,000 per room. The seller, InterContinental Hotels Group, then inked a deal to stay on …
Housing Values (Mostly) Continue to Slide
Data provided by the California Association of Realtors show that resale activity dropped 5.8% between April and May of this year and now lags 14.4% behind 2010’s pace, a drop that could largely be attributed to federal homebuyer incentives in …
Decaying Property Attracts New Tenant
After years of decay, an abandoned building at 2285 Hotel Circle South in Mission Valley appears to have attracted a new tenant. The building, which appears to have once been a service station, was most recently used by ‘Spa Guy,’ …
Explosion Threat Disrupts Downtown
A bomb scare temporarily shut down a section of Broadway downtown for about 45 minutes Tuesday afternoon. An employee of Ra Sushi Bar reported that numerous police vehicles flooded the street around 2:00 p.m., forcing onlookers and pedestrians into nearby …
$498,000 Design Cost for new Hillcrest Fire Station
The San Diego city council this morning debated the retention of Rob Quigley Architects, Inc. for the re-design of Hillcrest’s Fire Station No. 5 at the corner of 9th and University. At issue was cost - $468,320 plus an additional …
Former Metro VW Site Bought By Developer
A grant deed recorded on May 10, 2011, confirmed the transfer of property at 1902 Kettner Boulevard, former home of the Metro Volkswagen dealership. The new owner of record is Broadstone Little Italy LLC, who lists a mailing address in …