Multifamily developer Greystar continues to grow its San Diego multifamily portfolio. The firm has picked up a development site at 6th and Olive in San Diego for an undisclosed price from St. Paul's Episcopal Cathedral. It plans to build a 20-story, 204-unit apartment building, and it will supply improved office space and 70 designated parking stalls.

The project has already been approved by the San Diego City Council, and construction is expected to begin in June. The development will include 18 affordable housing units.

Tim Winslow, Jason Kimmel and Kevin Nolen of Cushman & Wakefield's San Diego office represented the seller in the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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