Thursday December 2, 2021, San Diego Metro Magazine
Beverly Hills developer to transform Escondido
apartments at market price in a
community for middle income families
CalMatters – Ascenda Capital, a Beverly Hills real estate and development company, acquired Latitude33 Apartments in Escondido for $ 97 million with the goal of converting property from a community at market rate to a rental limited community for families middle income.
The transaction was approved by the city council of Escondido with a unanimous 5-0 vote at the city council meeting on October 27. The acquisition is only the second acquisition in San Diego County through the California Critical Housing Program.
The property, located at 515 Meander Glen, is located just one block from Escondido Town Hall and the California Center for the Arts, Escondido. The majority of the units are 3 level townhouses with attached garages and private entrances.
“As we move home ownership from the market rate to affordable housing, we will reduce property rents by an average of 26.5% compared to market rents in Escondido,” said Matt Avital, director and founder of Escondido. ‘Ascenda Capital. “We are very passionate about affordable housing and look forward to empowering hundreds of middle-income families in Escondido to live in high quality housing directly within the community they serve. “
TOP PHOTO: Latitude33 Apartments in Escondido.
Frank Würthwein appointed director
of the San Diego Supercomputer Center
The San Diego Supercomputer Center (SDSC) has a new director. These are Frank Würthwein, Head of the High-Speed Distributed Computing Group at SDSC, Executive Director of Open Science Grid (OSG), Professor of Physics and a founding faculty member of UC’s Halıcıoğlu Data Science Institute. San Diego.
Würthwein has served as SDSC Acting Director since July 2021, when longtime Director Michael Norman, also a physics professor, resumed his role as a full-time faculty member. Würthwein has also been a member of the SDSC management team since 2015.
As Director of the SDSC, Würthwein will be responsible for the strategic direction and operational management of the center, leading its more than 260 staff and volunteers and managing the centre’s over $ 50 million annual budget.
California Criminal Repression Continues
As California tries to crack down on crime, it scored a massive victory on Tuesday thanks to its tough gun control laws. It was then that a federal appeals court reinstated California’s ban on the sale and possession of high capacity magazines that could channel more than 10 rounds in a single firearm.
U.S. 9th Circuit Court of Appeals decision 7-4 – which gun rights activists consider appealing to the U.S. Supreme Court – overturns earlier U.S. District Judge ruling Roger Benitez who declared Californi’s high capacity magazine ban unconstitutional. It also suggests that the appeals court will likely uphold the Golden State’s ban on assault weapons, which Benitez ruled unconstitutional in a controversial June ruling that compared an AR-15 rifle to a Swiss army knife.
Lamden Hall dedication
at SDSU honors enduring legacy
Lamden Hall, the newly renamed home of Fowler College of Business and the College of Education at San Diego State University, was the scene of a special evening of celebration. On Wednesday, the university paid tribute to the Lamden family and the continuing legacy of their support for students and faculty in the accounting profession.
Formerly the Education and Business Administration Building, the four-story structure received its new identity in September. The name change honors Charles W. Lamden, former chairman of the accounting department and dean of the School of Business Administration from 1954 to 1965, and his wife, Gertrude “Trudy” Lamden, a patron.
A donation to SDSU from Trudy Lamden in June 2008 led to the appointment of the School of Accountancy in memory of Charles Lamden, who died in 1992.
KKR acquires Vista industrial westcore warehouse
Based in San Diego Westcore, an industrial real estate asset acquisition, development and management company, has sold a 197,000 square foot industrial warehouse to Vista to KKR, an investment firm. The sale price was not disclosed.
Vista Commerce, the warehouse, is located on an all-concrete site and features 14 dock-height doors, six floor-level doors, 27 feet of headroom, and sufficient power. The property is 100 percent leased to a publicly traded health care diagnostic testing company.
CBRE represented Westcore in the sale. Westcore acquired Vista Commerce in early 2020 with assistance from CBRE, which also helped secure the current tenant’s lease.
KKR acquired Vista Commerce through its KKR Real Estate Partners Americas III fund.
Pathfinder Partners sells Colorado
apartments for $ 38.5 million
Pathfinder Partners, a San Diego-based private equity firm specializing in multi-family real estate investments, has announced the sale of Hadley Apartments in Thornton, Colorado, to an undisclosed buyer for $ 38.5 million.
Hadley is a 140-unit multi-family community located just nine miles north of downtown Denver, with a mix of one and two bedroom apartments averaging 760 square feet. Since acquiring the property in 2017, Pathfinder has added value by renovating and renaming the property. The renovations included new flooring, cabinetry, stainless steel appliances, quartz countertops and new paint, finishes and accessories.
GE Appliances donates 31 washers and dryers
at the San Diego Zoo and Safari Park
GE Appliance said it is equipping the San Diego Zoo and San Diego Zoo Safari Park with 31 commercial washers and dryers to help the organization meet its important laundry cleaning needs.
Housed in a variety of locations, including the Queenslander House in the Conrad Prebys Australia Outback habitat, the Assisted Neonatal Care Unit (NACU) and Harter Hospital, the Laundry Units will clean everything from towels to surgical linens in the part of the daily care of more than 12,000 animals. at the San Diego Zoo and at the San Diego Zoo Safari Park.
Wildlife care specialists do more than 300 loads of laundry per week of some of the most difficult to wash materials, including mattress pads, towels and blankets. On top of that, the laundry is stained with everything from eucalyptus oil to animal waste, all of which are difficult to clean.
General Atomics completes the system level
UK tests for remotely piloted aircraft
General Atomics Aeronautical Systems Inc. said it has successfully completed key system-level testing for the new Protector RG Mk1 Remotely Piloted Aircraft (RPA). The Protector is the British Royal Air Force’s version of the MQ-9B SkyGuardian, which is General Atomics’ latest RPA model and is set to become the world’s first certified medium altitude long endurance (MALE) RPA.
The first Protector is expected to complete its testing and evaluation program by the end of 2022 and arrive in the UK in 2023.
Recently completed tests include large scale static resistance, high intensity radiated frequency (HIRF), and environmental testing. Most of the testing was performed by General Atomics using internal research and development funding with the Royal Air Force (RAF) and US Air Force supporting key elements of HIRF testing.
Cal State San Marcos ranks among
national leaders in social mobility
Cal State San Marcos is once again among the nation’s leaders in social mobility for its graduates, according to new rankings from the online publication CollegeNET. CSUSM ranks 32nd nationally out of more than 1,500 schools measured in the eighth annual report Social mobility index (SMI) by CollegeNET. The SMI measures the extent to which a college or university educates more economically disadvantaged students (with family incomes below the national median) at lower tuition fees and gives them well-paying jobs.
The CSUSM has been included in the top 5 percent of the Index for the seventh year in a row, and it ranks higher on the list than any other institution in San Diego County.
The SMI differs from most other college and university rankings in that it focuses directly on the factors that enable economic mobility.
Surglogs Raises $ 10.5 Million in Series A Funding
Surglogs, a healthcare tech start-up that is digitizing regulatory compliance processes for day surgery centers and other healthcare facilities, has announced a $ 10.5 million Series A fundraiser led by OpenOcean.
Surglogs’ digital platform replaces cumbersome regulatory compliance formalities and automates clinical workflows for greater efficiency, freeing healthcare professionals to spend more time caring for patients. The platform enables healthcare facilities to maintain health and safety compliance standards and to stay “investigation ready” at all times.
OpenOcean led the investment, along with Credo Ventures, 8VC and a group of angel investors from previous rounds.
New Village Arts presents the world
premiere of the new holiday musical
New Village Arts in Carlsbad, the cultural center of North County, kicks off its 20th anniversary season with a world premiere – “1222 Oceanfront: A Black Family Christmas” – a new holiday musical, until December 26th.
The production was written by San Diego playwright Dea Hurston and designed by Frankie Alicea-Ford, Kevin “Blax” Burroughs, Milena (Sellers) Phillips and Dea Hurston, centered on the family vacation experience in a humorous way. and touching.
The festive evening features all the traditions of the black family, including Italian cuisine, dancing, singing and skits. The evening can also include a little drama, because hey it’s family. But seriously, how much drama can there be on Christmas Eve?
New Village Arts is located at 2787 State St., Carlsbad. Telephone: 760-433-3245.