Deal of the Week

May 1, 2015

May 5, 2015

May 12, 2015


Hillcrest apartment sells

The seller in the Deal of the Week was represented by Tyler Sinks and Kyle Pinkalla, of Cushman & Wakefield's Multifamily Advisory Group.

The deal was the sale of the 58-unit Marquis at Hillcrest apartment at 1751 University Ave., San Diego, for $13.7 million.

The buyer was Littletown Realty LLC, of San Diego. Dr. Adel Eskander and Linda Eskander are the members of Littletown. The acquisition was financed by a loan of $8.7 million from First Republic Bank (NYSE: FRC).

The seller was The Virtu Marquis at Hillcrest Borrower L.P., an affiliate of Virtu Investments LLC. Michael Green is the manager of Virtu Investments.

The five-story building totals 28,890 square feet and was constructed in 1921 on 1.84 acres. The unit mix consists of studio, one-bedroom and two-bedroom apartments. The property was renovated in 2008.

Amenities include a fitness and yoga center, courtyard, on-site laundry and a business center.


May 1, 2015

May 5, 2015

May 12, 2015