(Read more on the multifamily market.)
BEVERLY HILLS, CA-StarPoint Properties LLC plans a $100-millionacquisition program in the San Diego region for 2008 and has closedon its first deal of the program, a 58-unit apartment complexcalled the Casa Grande in the Hillcrest area of the city.StarPoint, a multifamily and commercial specialist, plans torenovate and upgrade the complex as part of its business plan.
Paul Daneshrad, CEO and president of StarPoint, says that the$100-million program, which will focus primarily on San Diego andsurrounding areas, is possible in part because of changingmultifamily market conditions. "Until recently, we were priced outof the San Diego market because of condo conversions," Daneshradsays.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
