SAN DIEGO—Commercial real estate investment banking firm George Smith Partners has successfully secured $39.7 million in new joint venture equity financing for the development of The Park, a planned 13-story, 60-unit, luxury condominium project in San Diego's affluent Bankers Hill neighborhood.

George Smith Partners principal Malcolm Davies arranged the equity financing, and was assisted by assistant vice president Teddy Stutz and assistant vice president Bo Everett.

According to Davies, “The Park will be the first project of its kind in over a decade in the San Diego market.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.