July 9, 2013
CBRE Sells Three-Property Portfolio in San Diego
CBRE Group Inc. has sold The Lofts, a three-property portfolio in the East Village neighborhood of downtown San Diego. The three mixed-use communities total 460 units and 23,000 square feet of ground floor retail. The seller, OliverMcMillan, developed the properties between 2006 and 2010. Each property was picked up by a separate single-use entity. The Lofts at 655 is located at Sixth Avenue and G Street in the Gaslamp Quarter. It consists of 106 units, a gourmet burger restaurant/bar and downtown San Diego's only ACE Hardware. Located at Seventh Avenue and G Street, The Lofts at 677 features 147 loft living spaces and two ground floor restaurants. The Lofts at 707 in located at Tenth Avenue and G Street and include 207 units.