La JOLLA, CA—Capstone Properties and the village of La Jolla say they have added a newly-polished gem to the community's property inventory with the completed renovation of The Ivanhoe – La Jolla's newest class A office building.
Capstone Advisors, a real estate investment and development company headquartered in Carlsbad, purchased the 33,417 square-foot office building in 2014. The three-story building, located at 7817 Ivanhoe Ave., sits over three levels of subterranean parking with four parking spaces per 1,000 square feet which is a rarity in parking-constrained La Jolla.
Since its purchase, the property has undergone a $1.5 million transformation including a fully renovated lobby, completely rebuilt restrooms, upgraded hallways, parking garage and exterior hardscape improvements, new exterior lighting and paint, and new drought-resistant landscaping.
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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.
