More than half of San Diego's population is under 39 years old, and Millennials are the largest demographic in the market at 31%.

Investors were attracted to the synergy among Northside Hospital and Glenridge, and the opportunity to develop the existing pad site for a variety of potential uses.

Central Mills, which operates as FREEZE, will continue to occupy the facility under a long-term sale-leaseback arrangement.

Lenders are maintaining discipline in the current environment. But smart borrowers are still getting projects funded. VPs from PNC Real Estate share some important tips for getting deals out of the starting gate.