Eric Comer

  • Rising Multi-Family Rents Lure More Investors

    As San Diego rents continued their growth through 2014, and are projected to follow a similar upward trend, investors are looking to establish a presence in the market, or cash in on their existing asset while values rise. At the end of Q1, the average rent rate in San Diego stood at $1,596 per month, according to Marcus & Millichap. Recently, deals worth more than $50 million were completed across San Diego, involving residential assets.

    San Diego 01 May 2015 20:26
  • Aimco Acquires Oceanfront M-F Complex in La Jolla for $29M

    Prospect 400 offers a total of 60 residential units including 29 one-bedroom apartments, 24 two-bedroom units and seven studios. The property also features a number of 10 resident garages, while the community’s amenity package offers residents access to a heated pool, a common ocean view sundeck, hydro-therapy spa and a resident lounge equipped with a full kitchen, media niche, billiards table and restrooms. Located on a .65-acre site in San Diego’s La Jolla neighborhood, the residential complex is the result of a redevelopment process that transformed Kellogg’s summer home back in 1970. Since then, the apartments have been owned continuously, and a series of renovations to the building’s exterior have been undertaken as recently as 2010.

    San Diego 10 April 2013 20:04

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