La JOLLA, CA—Capstone Properties and thevillage of La Jolla say they have added anewly-polished gem to the community's property inventory with thecompleted renovation of The Ivanhoe – La Jolla's newest class Aoffice building.
Capstone Advisors, a real estate investment anddevelopment company headquartered in Carlsbad,purchased the 33,417 square-foot office building in 2014. Thethree-story building, located at 7817 IvanhoeAve., sits over three levels of subterranean parking withfour parking spaces per 1,000 square feet which is a rarity inparking-constrained La Jolla.
Since its purchase, the property has undergone a $1.5 milliontransformation including a fully renovated lobby, completelyrebuilt restrooms, upgraded hallways, parking garage and exteriorhardscape improvements, new exterior lighting and paint, and newdrought-resistant landscaping.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
