News

Grand Pacific going grand again PDF San Diego Union Tribune - February 1, 2016
The historic Gran Pacific Hotel building, one of the earliest properties to be restored in the Gaslamp Quarter, has been sold for $6.8 million, and its new owner vows to make it grand again. "The building is in a little bit of disrepair," said Sumeet Parekh, managing partner of HP Investorsm which bought the 15,000-square-foot building at 360 Fifth Ave. this month from Sweeney Enterprises. The lead-based...
HP Investors partnership sells Tribeca retail condominium PDF REW Online - January 27, 2016
A retail condominium at 95 Chambers Street (also known as 77 Read Street), in TriBeCa neighborhood has been sold for $17,750,000. The property consists of a ground floor and basement space totaling approximately 12,638 s/f and features high 15 ft. ceilings. The unit sits within a newly renovated building that runs block-through from Chambers Street to Reade Street. The building has 79 ft...
As developement pours in, Oakland is having its biggest retail revival in more than a decade PDF San Francisco Business Times - November 27, 2015
After years of lackluster retail activity, Oakland is finally seeing more development. The current retail revival is "by far the most heady time retail-wise" that the city's retail specialist, Keira Williams, has seen in her 15 years in the role. "There's so much stuff happening with lots of things coming to fruition and cominc on board," she said...
Du-Par's is Downtown's New 24-Hour Dining Destination PDF San Diego Eater - September 21, 2015
Breakfast for dinner anyone? Downtown will soon have a round' the clock dining option courtesy of the "always open" Du-par's Restaurant and Bakery, the popular 24-hour diner which has been in business since 1938 and has several locations in the Los Angeles...
McGrath Retail Portfolio in Kearny Mesa Sold for $107 Million PDF San Diego Business Journal - August 05, 2015
San Diego based HP Investors LLC has teamed with Clarion Partners of New York to purchase the McGrath family retail portfolio in Kearny Mesa for approximately $107 million, according to the buyers and local brokers. A statement from the buyers said the acquired properties total 294,428 square feet on 29 acres and are...
Construction Starts on Sharp Rees-Stealy Facility in Rancho Bernardo PDF NBC San Diego - August 05, 2015
Construction has begun on a new 100,000-square-foot building off Interstate 15, where healthcare services provider Sharp Rees-Stealy will be relocating its Rancho Bernardo branch operations. The project on West Bernardo Drive is being developed by locally based Lanford & Associates Inc. and HP Investors LLC...
HP Investor's First Move in Oakland Is... PDF Bisnow - July 02, 2015
The first buy out of HP's new Oakland office is a 9,115 SF vacant retail property in the Jack London District, which it acquired for an undisclosed sum, HP principal and manager of the new Oakland office Isaac Abid tells us. The purchase marks the company's 25th acquisition ...
HP Investors Jump to Portland, Eye Makers Quarter Spec PDF Bisnow - May 28, 2015
San Diego HP Investors, led by former Carlyle Group investment manager Sumeet Parekh, just entered the Portland Market with the purchase of Block 90, a 48k SF creative office mixed-use property in the city's historic Pearl District. And Sumeet tells us the price per pound ...
Sharp Converting Rancho Bernardo Retail to Healthcare PDF Bisnow - March 26, 2015
Sharp Rees Stealy recently inked a deal for a 100k SF build-to-suit project on 3.5 acres at the former Hooters restaurant site off West Bernardo Drive overlooking I-15 in Rancho Bernardo. The move will replace the healthcare company's facility at 16950 Via Tazon that ...
Downtown San Diego's Got Mojo PDF Bisnow - November 18, 2014
A thriving urban core is hard to define, but people can feel the energy. According to Bisnow’s Future of Downtown speakers, Downtown San Diego’s now more than just a slate for future development (though there's plenty of that), it's being transformed ...
Remaking (some of) San Diego PDF The Architect's Newspaper - October 27, 2014
San Diego’s latest megaproject, Makers Quarter, is downtown redevelopment with a twist. Like developers elsewhere, the team of Lankford & Associates, Hensel Phelps, and HP Investors hopes to lure young professionals to the city’s East Village with a ...
HP Investors Joins L2HP Development Group PDF NBC San Diego - October 6, 2014
San Diego-based HP Investors LLC has joined the group of developers planning the mixed-use Makers Quarter project in East Village, buying out the interest of Portman Holdings for an undisclosed price. A statement from HP Investors said the company has ...
Orchids & Onions: Architecture critiques UT San Diego - October 2, 2014
HP Investors' East Village pocket park project is featured at number 13 in this slideshow of interesting architecture around San Diego.
New East Village Mini-Park Opens PDF Times of San Diego - June 8, 2014
A recently constructed mini-park in the East Village neighborhood was opened to the public Saturday. City Council President Todd Gloria was on hand, along with other city and business leaders and neighborhood residents, during the opening ceremony ...
Most Influential: Parking guru and Gaslamp king PDF Our City San Diego - May 12, 2014
Political leaders like Frye, Gloria and Goldsmith often get all the press coverage. But business people are also influencing our region. Here are two that you may not know, but you have likely felt their impact. Few people in San Diego have the pedigree of Keith Jones ...
HP Investors, LLC Purchases Miramar Square Shopping Center PDF Press Release - April 15, 2014
HP Investors, LLC has purchased Miramar Square Shopping Center totaling 70,959 SF located at 9212-9292 Miramar Road, San Diego, CA 92126, for $12,550,000.00 from an investment group advised by SENTRE Partners. The property is situated on a prime parcel along Miramar Road and ...
'Tactical Urbanism' Converting Vacant Lot In Downtown San Diego Into Urban Park PDF KPBS - March 13, 2014
A new trend called "tactical urbanism" has been popping up in downtown San Diego. The term means creating quick, cheap and sometimes temporary projects that draw foot traffic to downtown spaces. It's being put to use by the nonprofit Downtown San Diego Partnership, which set up games and ...
New hotel coming to Rancho Bernardo; Hooters will close PDF Pomerado News - February 12, 2014
An Aloft hotel is coming to Rancho Bernardo next door to the Hooters restaurant, which is closing by the end of this month, officials said. Aloft Rancho Bernardo will be part of Starwood Hotels & Resorts Worldwide, Inc. It is tentatively set to open in July 2016 at 16929 W. Bernardo Drive ...
Aloft Hotels Slated to Debut in San Diego PDF The Wall Street Journal - February 4, 2014
Starwood Hotels & Resorts Worldwide, Inc.(R) (NYSE:HOT) today announced that its sizzling Aloft brand is ramping up portfolio growth in California with a new hotel planned for Rancho Bernardo, an upscale community in San Diego North. Owned by HP Investors, LLC and managed by Azul ...
HFF Closes Sale Of And Arranges Financing For Gaslamp CitySquare In Downtown San Diego PDF National Real Estate Investor - October 25, 2013
HFF announced today that it has closed the sale of and arranged financing for GaslampCitySquare, a 54,773-square-foot high-street retail asset in San Diego's historic GaslampQuarter. HFF marketed the property on behalf of the seller, Champion Real EstateCompanies. A joint venture between ...
Katsuya restaurant at Hollywood and Vine has a new landlord PDF Los Angeles Times - August 26, 2013
A ground-floor condominium at Hollywood Boulevard and Vine Street intended to house shopsand restaurants has been sold to a San Diego real estate investor as the neighborhoodaround the famed Hollywood intersection attracts more growth. HP Investors bought the10,800-square-foot ...
There's a Line to Get In Gaslamp Properties PDF San Diego Business Journal - August 12, 2013
Commercial broker Danny Fitzgerald's firm has fielded more than a dozen offers for thespace being vacated by the popular Croce's restaurant in the heart of the Gaslamp Quarter.A new tenant could be announced in mid-September by the property's landlord, the KeatingHotel. Many of ...
Downtown SD building sold PDF San Diego Source - August 6, 2013
Chuck Klein and Kevin Held, of Cassidy Turley San Diego, represented the seller in theDeal of the Week. Bill Shrader, of Cushman & Wakefield, represented the buyer. Thedeal was the sale of an approximately 9,872-square-foot restaurant building at 705-709Sixth Ave in downtown ...
South Beach retail space sells for $4.65M PDF TheRealDeal.com - May 03, 2012
The Buffalo Wings & Rings space at 1501 Collins Avenue in South Beach has sold for $4.65million to California-based HP Investors. The deal represented an average price of $978per square foot for the 4,800-square-foot, ground-floor space. Buffalo Wings & Rings ison a long-term ...
Hawaiian Gardens Shopping Center Sells for $11.6M PDF CoStar.com - March 30, 2012
Urdang Associates sold the Hawaiian Gardens Towne Center in Hawaiian Gardens, CA, to HPInvestors LLC for $11.6 million or $147 per square foot. The retail property was reportedto be only about 37.5 percent occupied at the time of sale. The shopping complex is 121,815square feet ...
Wealthy U.S. Individuals Invest in Commercial Property in Quest for Yield PDF Bloomberg.com - March 10, 2011
When Sumeet Parekh bought a retail property in Manhattan's TriBeCa neighborhood in January,individual investors provided about a quarter of the financing. Morgan Stanley (MS) put up alittle more than half of the $6 million purchase price, and Parekh contributed about $1.25million. He got ...