PREF Hillcrest, an affiliate of the San Diego-based Paragon Real Estate Fund, has purchased a 29,210-square-foot mixed-use property from Hillcrest Fifth Avenue and Hillcrest Retail Development for $13.33 million. The property is located in the vibrant Hillcrest neighborhood of San Diego.

The property consists of five ground floor retail spaces, which are currently leased to a variety of restaurant tenants, and seven residential units. The project comprises four adjacent buildings along Fifth Avenue that were constructed and renovated between 1950 and 2013.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich, and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

Paragon is pleased to announce that PREF Laurel Bay, a subsidiary of the Paragon Real Estate Fund (the “Fund”), has acquired a fee simple interest in a 17,660-square-foot retail property in the Bankers Hill neighborhood of San Diego for $9.95 million. The property known as Laurel Bay is located just one block away from Balboa Park—home to the world-renowned San Diego Zoo.

The two ground-floor retail condominium units are 100% leased to a variety of restaurants, retail stores, and other commercial tenants and include the exclusive rights to a commercial parking garage. The multi-use development was completed in 2003 by Hammer Development and contains 150 resident-owned luxury condominiums located above the subject property.

PREF White Building, an affiliate of the San Diego-based Paragon Real Estate Fund, has purchased an 18,633-square-foot retail property from 105 S. 12th Street, LP for $5.95 million. The deal represents Paragon’s first acquisition in the Philadelphia market.

The property primarily consists of ground floor retail space in the Midtown Village area of downtown Philadelphia. The historic building was originally built in 1867 and renovated in 2006. At close, the retail component was 92% leased to four tenants.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

PREF LaSalle, an affiliate of the San Diego-based Paragon Real Estate Fund, has acquired the retail component of the historic 11 South LaSalle Building from The Prime Group for $16.05 million. This deal represents Paragon’s first acquisition in the Chicago market.

The property is located in the Central Loop submarket of downtown Chicago and comprises approximately 13,000 square feet of ground floor retail space. The historic building was originally constructed in 1915, expanded to its current 35-story height in 1925, and converted to a 381-room hotel and retail space in 2015. At close, the retail property was 93% leased.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

5895 W Peoria, an affiliate of the San Diego-based Paragon Real Estate fund, has sold 5895 W. Peoria Avenue to Ismail Ataria Investments for approximately $4.3 million. The single-tenant retail property is located in the city of Glendale within the Phoenix metropolitan area. Walgreens occupied the entire 13,905-square-foot building at closing.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

TH Plaza, an affiliate of the San Diego-based Paragon Real Estate fund, has sold Torrey Highlands Plaza to Santa Monica Property Investors and Zion Corner for $10.4 million. The property is located at 13350 Camino Del Sur in the Rancho Penasquitos submarket in San Diego. The 14,032-square-foot retail strip center was fully occupied at the time of sale.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

PREF Art Block and its affiliates have acquired Art Block from Carleton Management and the Bishop family for $34 million. The property consists of five mixed-use buildings totaling approximately 143,000 square feet and occupies an entire city block in downtown San Diego’s East Village. The site is bounded by Park, 13th, F and G Streets and adjacent to the planned East Village Green Park. The NewSchool of Architecture and Design is the property’s largest tenant.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

PREF Artisan, an affiliate of the San Diego-based Paragon Real Estate Fund, has acquired the Shops at The Artisan from Decatur Partners for an undisclosed sum. The property is located at 201 W. Ponce de Leon Avenue in downtown Decatur, a dense, affluent neighborhood in Atlanta. The 11,000-square-foot building was constructed in 2006 and was 100% leased at the time of sale to three national and regional tenants. This transaction represents Paragon’s third acquisition in the Atlanta market since 2014.

Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate throughout the United States.

PREF Commerce, an affiliate of the San Diego-based Paragon Real Estate Fund, has acquired the Louis Bank of Commerce Building at 835 Fifth Avenue, located in San Diego’s Gaslamp Quarter. The historic, four-story building has approximately 22,000 square feet of retail and office space, and features stunning Victorian Baroque Revival architecture with an equally colorful history.

Pre-built on the East Coast and shipped around Cape Horn to San Diego, the structure was erected in its current location in 1888. According to the Gaslamp Quarter Historical Foundation, it originally housed the Bank of Commerce until 1893 when Isidor Louis opened Maison Doree, an oyster bar that became a favorite of Wyatt Earp. The upper floors later became the Golden Poppy Hotel, run by fortune teller Madame Cora.
Paragon is a privately-held real estate investment company, led by Messrs. Roberto Jinich, Ricardo Jinich and Dan Berkus. The Firm manages a growing portfolio of stabilized assets through its flagship fund, Paragon Real Estate Fund. The Fund seeks to acquire high quality urban retail and mixed-use real estate in the U.S.

PREF 580 Market LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has acquired the office and retail building located at 576-580 Market Street in downtown San Francisco.  This is Paragon’s first foray in the San Francisco market. Read more!