Broe Acquires San Diego High-Rise for $148M as Home Prices Dip From Record High

Broe Real Estate Group has entered and debuted in the Southern California multifamily market with a $148M acquisition in San Diego, according to reports from The Real Deal, Yield PRO, and Multifamily Executive. In the deal, a Greystar joint venture sold a San Diego luxury high-rise to Broe, Multi-Housing News and The Real Deal reported.

The multifamily acquisition comes as the San Diego home price has fallen from a record high, the San Diego Union-Tribune reported. In a separate housing report, the San Diego Union-Tribune noted that 69 California ZIP codes made a priciest-housing list, the most of any state. Additionally, Buro Happold published a conversation with Ransom Hamrick examining how to build better in San Diego.

In political and government developments, Senator Alex Padilla continued his statewide unannounced oversight visits of ICE facilities in San Diego, according to an announcement from Padilla's office. Meanwhile, the Times of San Diego reported that Sara Jacobs is eyeing a key party leadership role as Democrats eye House control. At the local government level, the San Diego County News Center reported that County Parks has earned prestigious CAPRA reaccreditation.

In research and community news, UC San Diego Today reported that UC San Diego researchers received High-Risk, High-Reward research grants from the NIH. Across the city, FOX 5 San Diego & KUSI News reported that the documentary "USA Warrior Stories" is being filmed in San Diego, while NBC 7 San Diego reported that a San Diego daycare received a new washing machine after NBC 7 Responds stepped in.

Several San Diego sports teams also saw roster and schedule developments. With Salas settled in San Diego, MLB.com examined who is next in the Padres' pipeline, while the San Diego Gulls announced that the Anaheim Ducks recalled Travish Mitchell from San Diego. In football, San Diego State will play the Colorado State Rams as San Diego State looks to end its road struggles and boost its bowl hopes against Colorado State, according to Sports Illustrated and the Colorado Springs Gazette. Finally, UCLA Bruins announced that its No. 19 men's soccer team will host San Diego on Sunday night.