Real Estate Insights from Raúl & Mary Beth Viruete
Apartment Sale Sets National City Record for Pricing
By: Paul Bubny Apartment Sale Sets National City Record for Pricing Northmarq’s San Diego Investment Sales team of SVPs Erik Anderson and Benn Vogelsang arranged the $3.836-million sale of the 16-unit E Avenue Apartments in National City. The property sold at $699 per square foot, setting a record f
Hotel-to-Apartment Conversions Gaining in Numbers
By: Amy Wolff Sorter Adaptive reuse has been mentioned as a solution to help meet increased housing demand while giving empty office buildings a second chance at life. A report from RentCafe indicated that 2019 and 2020 were peak years for adaptive reuse from offices to apartments. However, “the num
The Trend of Adaptive Reuse & What You Should Know: Part 2
Mar 27, 2023, PROPERTY MANAGEMENT INSIGHTS NATIONAL BUSINESS PLANNING As we discussed in part 1 of our Adaptive Reuse Deep Dive, this trend is understandably becoming more and more desirable for cities and developers alike. In part 2, we are outlining the appeal of adaptive reuse for developers, the
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