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California  + San Diego  + Apartments  | 

Northmarq Closes Sale of Mixed-Use in Mission Hills

Northmarq’s San Diego Multifamily Investment Sales team of Tyler Sinks, Ed Rosen and John Chu brokered the $12.75-million sale of The Charmer, an urban, mixed-use community located in the Mission Hills neighborhood of San Diego. Northmarq represented the seller, Charmer LLC. The buyer was Monro Capital Real Estate Fund.

“The sale of The Charmer represents the strong demand for well-located core assets that provide attractive risk-adjusted returns,” said Sinks. “The Charmer is a trophy asset and received a lot of interest from investors looking for an attractive long-term investment.”  

Built in 2011 and located at 1737 Chalmers St., The Charmer includes 19 luxury apartment homes, two live-work lofts and three commercial units developed by one of San Diego’s most renowned architects, Jonathan Segal. It offers loft-style floor plans with outdoor space, including private patios and gardens.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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