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Sunroad Enterprises has secured $82.46 million to refinance Sunroad Centrum I, its 11-story, Class A office tower in central San Diego.
Article - HVS Report - The Rebounding San Diego Lodging Market Attracts Investor Interest - By Marcus R. Lee - In 2022 and the first half of 2023, San Diego hotels experienced unprecedented RevPAR growth, similar to much of California, as markets recovered from the impact of the COVID-19 pandemic. As a result, hotel development and transactions have been strong. However, construction of full-service hotels remains challenging amid a steep rise in development costs.