The Port of San Diego commissioners authorized a coastal development permit Tuesday for a $150 million, 450-room hotel across Harbor Island Drive from the Sheraton San Diego Hotel & Marina. A unit of Sunroad Enterprises, which already operates a marina nearby, plans to open the new hotel by 2025 on the 7.55-acre site at 851 Harbor Island […]
Sunroad Holding Grabs Savannah Luxury Property – Multifamily Real Estate News
The 256-unit community last traded three years ago, when GFI Capital Resources Group bought the entity holding title to the asset. Adara Godley Station Apartments, a 256-unit Class A property in Savannah, Ga., has changed ownership. GFI Capital Resources Group sold the community to San Diego-based Sunroad Holding Corp., in a transaction arranged by Colliers. […]
Sunroad Enterprises Closes $125M Phoenix Buy – Multifamily Real Estate News
The rebranded community traded with the assistance of a LoanCore Capital acquisition financing. Sunroad Enterprises has acquired Parcland Crossing, a 383-unit Class A property in Chandler, Ariz., for $125 million. CBRE represented the seller, PrivatePortfolio Group. The new owner rebranded the community as The Laurel Apartments. According to Maricopa County records, LoanCore Capital provided a […]
149-unit apartment building in Denver Tech Center sells for $47.8M – Denver Business Journal
San Diego-based Sunroad Enterprises has purchased The Mezz at Fiddler’s Green, a 149-unit Class A apartment building in Centennial, for $47.78 million, CBRE announced. Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets in Denver arranged the sale on behalf of the seller, The Garrett Companies. Rocco Mandala of CBRE’s Phoenix office secured […]
2 Las Vegas Apartment Complexes sold for $70M Combined
With Las Vegas’ heated apartment market showing no signs of cooling, investors recently bought two complexes for nearly $70 million combined. Sunroad Enterprises said Friday that it acquired the 320-unit Avery Park rental complex at 2200 N. Torrey Pines Drive at Smoke Ranch Road. The San Diego Company said it would renovate the common areas […]
Sunroad Gets $165M On Refinancing Apartments
San Diego-based developer Sunroad Enterprises, Inc. has secured $165 million in refinancing on two recently-built luxury multifamily complexes totaling 555 units in the city’s Kearny Mesa neighborhood. Mesa West Capital of Los Angeles originated the short-term mortgage debt, with Mesa West holding the $145 million A-note and New York-based Clarion Partners holding the $20 million […]
Sunroad Enterprises Obtains $165M Refinancing for Two San Diego Luxury Apartment Properties
The 302-unit Vive on the Park is situated in the master-planned community of Sunroad Centrum in the Kearny Mesa submarket. Sunroad Enterprises has obtained $165 million in short-term, first-mortgage loans to refinance two new luxury apartment complexes in San Diego. Financing was secured for the 253-unit Ariva and the 302-unit Vive on the Park. The properties are […]
Sunroad Enterprises Nabs 300-Unit Vegas Asset
Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years. Prime Group sold Avery Park Apartments, a 320-unit community in Las Vegas. According to Yardi Matrix data, Sunroad Enterprises acquired the multifamily property for $36.4 […]
Avery Park – Sunroad Enterprises Acquires Second Multifamily Property In Las Vegas
Sunroad Enterprises is pleased to announce that it has acquired Avery Park Apartments in Las Vegas, Nevada. Avery Park Apartments is the fourth existing property to be acquired under Sunroad Enterprises’ rapidly growing Multifamily Division, which now has in excess of 2,250 units in various stages of new vertical construction or active value add renovation. […]
Maderas Golf Club’s “Golf Blog” Named Among Top 100 Golf Blogs Worldwide
Maderas Golf Club’s “Golf Blog” has been named one of the “Best 100 Golf Blogs on the Internet” by Feedspot.com, an online content reader that allows users to put all of their online reading in one place. The Maderas “Golf Blog” is ranked 46th on Feedspot.com’s top 100 list and is the only golf course […]