San Diego, CA
Greystar Sells Downtown San Diego Residential Tower for $309M
A sprawling residential plaza in downtown San Diego has traded hands in one of the largest apartment deals in the city’s history.
Greystar sold the 718-unit San Diego residential plaza, which includes a 35-story high-rise and two mid-rise buildings, for $309 million to MG Properties. The deal is the third-largest apartment deal in the city’s history, and is the biggest sale there since 2020, according to MG. The property, dubbed Park 12 – The Collection in Downtown San Diego, also contains 43,000 square feet of retail space. The tower’s most recent assessed value was for $264.2 million, per property records.
Eastdil Secured’s Joseph Smolen and Geoff Boler represented Charleston, S.C.-based Greystar in the deal, while MG Properties represented itself. Eastdil’s Greg Stampley and Lee Redmond arranged $168 million in Fannie Mae (FNMA) financing for the purchase, according to a MG Properties spokesperson.
Greystar built the 438-unit tower, at 100 Park Plaza, in 2018 within the Ballpark Village master-planned neighborhood adjacent to Petco Park, the San Diego Padres’ professional baseball stadium. The two mid-rise buildings, at 101 Park Plaza and 201 Park Boulevard, were completed around the base of the tower the following year, together totaling 280 units.
“As a San Diego-based company, we are very familiar with the dynamics of the city and believe it has tremendous opportunity for growth in the coming years,” Jeff Gleiberman, president of MG Properties, said in a statement. “We believe this is an exceptional opportunity to acquire one of San Diego’s most iconic properties.”
Representatives for Greystar did not immediately respond to requests for more information.
MG was recently involved in one of the largest multifamily sales across California in 2024 as well, though as the seller. The company in December sold Preserve at Melrose, a 410-unit complex in Vista, about 42 miles north of Downtown San Diego, to Mesirow for $185 million. MG had acquired the property in 2017 from Trammell Crow for $134 million.
Nick Trombola can be reached at ntrombola@commercialobserver.com.
San Diego, CA
City considering cutting funding to resource center for those experiencing homelessness
Last week Mayor Todd Gloria released the budget proposal for the 2027 fiscal budget. Protected homeless services is among his top priorities mentioned in the proposal. However, some of the reductions he’s proposing could impact thousands of San Diegans experiencing homelessness.
Located on 17th and K Street, the Neil Good Day Center offers an array of services to nearly seven thousand people experiencing homelessness. The services include giving them a place to shower and do laundry, and connecting them to a case manager, among others.
“These are critical services that are helping people off the streets, but really better their lives and their health and their employment situation as well,” Deacon Vargas with Father Joe’s Villages said.
Deacon Jim Vargas heads Father Joe’s Villages, which runs the center. He said through their prevention and diversion strategies, they’ve managed to keep nearly one thousand individuals from falling into homelessness.
“So by helping them pay rent, or helping them with their utilities, or helping them to reunite with family,” Vargas said.
Right now, the city allocates at least $850,000 per year to the Neil Good Day Center, according to Vargas.
But the future and funding for these services are in limbo because of Mayor Todd Gloria’s proposed budget cuts.
“The impact to those whom we’ve been serving the Daily Center would be very severe,” Deacon Vargas said.
In a statement to NBC 7, Mayor Todd Gloria said in part, “We must find more efficient and cost-effective ways to address this crisis and prioritize funding for programs that provide shelter beds and maximize resources to programs that place people into permanent housing.”
Since it’s still at a proposal stage, Deacon Vargas said it’s unclear how the city will decide to move forward.
However, Deacon Vargas said services would be significantly reduced because they would be forced to operate solely on a budget of about half a million dollars they receive from philanthropy.
“The hours would be cut. Some days would be cut. We would have showers that might be impacted because they’re given seven days a week and we’d close two days a week, then the showers would be five days a week, the case management,” Deacon Vargas said.
Deacon Vargas is certain of one thing.
He would like to continue offering services at the Day Center, even if the city goes through with the funding cuts.
“As we work with individuals at the Day Center and at Father Joe’s Villages, the community becomes healthier as a result of it,” Deacon Vargas said.
The budget also recommends additional cuts to homeless services, but does not give specifics as to where those cuts would be.
San Diego Padres (14-7) at Los Angeles Angels (11-11), April 19, 2026, 1:07 p.m. PST
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San Diego, CA
Solans, Luna, Guilavogui help RSL beat slumping San Diego, extend unbeaten streak to 6 games :: WRALSportsFan.com
SANDY, Utah — SANDY, Utah (AP) — Sergi Solans had two goals and an assist, Diego Luna added a goal and two assists, and Real Salt Lake beat San Diego FC 4-2 on Saturday night to extend its unbeaten streak to six games.
Morgan Guilavogui scored his first goal in MLS and had an assist for Real Salt Lake (5-1-1). The 28-year-old designated player has five goal contributions in his first six career games.
RSL hasn’t lost since a 1-0 defeat at Vancouver in the season opener.
San Diego (3-3-2) has lost three in a row and is winless in five straight.
Luna opened the scoring in the fifth minute when he re-directed a misplayed pass by Duran Ferree, San Diego’s 19-year-old goalkeeper, into the net.
Moments later, Solans headed home a perfectly-placed cross played by Luna from outside the right corner of the 18-yard box to the back post to make it 2-0. Solans, a 23-year-old forward, flicked a header from the center of the area inside the right post and past the outstretched arm of Ferree to make it 3-1 in the 37th minute.
Guilavogui slammed home a first-touch shot to give RSL a three-goal lead in the 45th.
Marcus Ingvartsen scored a goal in the 14th minute and Anders Dreyer converted from the penalty spot in the 66th for San Diego.
Ingvartsen has five goals and an assist this season and has 10 goal contributions (seven goals, three assists) in 16 career MLS appearances.
Rafael Cabral had three saves for RSL.
Ferree finished with five saves.
___
AP soccer: https://apnews.com/soccer
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