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Sharp HealthCare Friday broke ground on the new Prebys Innovation & Education Center, named in recognition of a $5 million challenge grant from The Conrad Prebys Foundation.
Under a proposal, the county would partner with a company to buy units and keep them subsidized for 55 years.
Advocates Worry Blackstone Sale Will Take Affordable Housing Crisis From Bad to Worse The planned sale of 66 apartment buildings to the New York-based Blackstone Group highlights both the vulnerability of naturally affordable housing and the lack of requirement for owners to notify local governments of plans to unload properties. The Doriana Apartments in southeastern San Diego are among the apartment buildings being acquired by the Blackstone Group in a pending sale. / Photo by Adriana Heldiz The Conrad Prebys Foundation, a charitable organization, shocked affordable housing advocates last w...
SAN DIEGO â After quietly raising $98.7 million from key philanthropic supporters over the past five years, the San Diego Symphony announced Thursday that its new bayside concert venue downtown will officially be called The Rady Shell at Jacobs Park. The name is in honor of its two top donors: Ernest and Evelyn Rady contributed the lead gift of $15 million toward the construction of the venue, while Joan and Irwin Jacobs gave $11 million. The outdoor venue's central gathering space for dining and socializing will be named⯠Prebys Plaza in honor of the late Conrad Prebys and The Conr...
Print Private equity giant Blackstone Group plans to purchase 66 residential complexes in San Diego County for more than $1 billion in one of the biggest real estate transactions in local history. New York-based Blackstone is purchasing roughly 5,800 apartment units from the Conrad Prebys Foundation. It said it intends to spend $100 million to improve the new assets. The deal makes Blackstone one of the biggest real estate holders in San Diego County. It already owns $4.5 billion in assets here — including Legoland and the Hotel del Coronado. The transaction, which also includes Los Angel...