POSTED BY CHRIS JENNEWEIN ON AUGUST 5, 2016 A former boxing pavilion in the growing Makers Quarter in downtown San Diego’s East Village will become a unique restaurant and entertainment center. The long-vacant Coliseum Federal Athletic Club will be transformed into a Punch Bowl Social, an entertainment concept that combines classic games like pinball, shuffleboard and ping pong with a Southern-influenced scratch kitchen and craft beverages. “When we […]
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By Roland Li – Reporter, San Francisco Business Times Jul 5, 2016, 2:36pm PDT Updated Jul 6, 2016, 4:01pm Goldman Sachs Group Inc. has completed its first direct investment in Oakland with a downtown office building purchase, said Isaac Abid, the banking giant’s partner on the deal. Goldman Sachs Asset Management’s Alternative Investments & Manager Selection Group (NYSE: GS), based in […]
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Roger Showley Contact Reporter February 1, 2016, 4:52 PM The historic Grand 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 […]
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Jan
BY REW JANUARY 27, 2016 A retail condominium at 95 Chambers Street (also known as 77 Reade 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 […]
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by Candice Woo Sep 21, 2015, 10:00am PDT Downtown will soon have a round’ the clock dining option courtesy of the “always open” Du-par’s Restaurant & Bakery, the popular 24-hour diner which has been in business since 1938 and has several locations in the Los Angeles area and one in Las Vegas. An outpost in the Midway District […]
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August 06, 2015 Jarred Schenke, Bisnow Atlanta It’s took quite a few quarters for HP Investors’ latest buy, as the SD firm picked up McGrath Center, a nearly 300k SF power center for $107M. For HP managing partner Sumeet Parekh, it’s a return to his childhood in some ways. The stabilized deal—bought at a 5% cap—was […]
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By Lou Hirsh Wednesday, August 5, 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 […]
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By SDBJ Staff Published at 8:32 AM PDT on Aug 5, 2015 | Updated at 2:53 PM PDT on Aug 5, 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 […]
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July 02, 2015 Tierney Plumb, Bisnow SF 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 in the past 48 months. The […]
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May
May 28, 2015 Jarred Schenke, Bisnow Atlanta 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 for the fully leased […]