Category: San Francisco

Parkview Financial provides $7 million loan for the land acquisition and development of a planned 28-story apartment/retail project in downtown San Diego

1460 Indian St Rendering
Parkview Financial provided a $7 million loan to India & Beech, LLC for the acquisition of land for a high-rise residential/retail tower in San Diego.


Parkview Financial announced it has provided a $7 million loan to San Francisco-based India & Beech, LLC for the acquisition of a land parcel and first phase of construction funding for a high-rise residential/retail tower in the Little Italy neighborhood of downtown San Diego.

Located at 1460 India Street, the 10,019-square-foot site is currently being used as parking lot. India & Beech, LLC recently acquired the site for $7.1 million, and used Parkview’s loan in conjunction with the borrower’s cash to acquire the property.  The buyer has plans for the development of a fully entitled mixed-use 28-story urban infill project. The proposed project is planned to include 150 apartment units over 11,724 square feet of retail space and two levels of above-grade parking totaling 150 spaces. The project is set to begin construction in 2020 with completion anticipated for 2022.

“Parkview is pleased to help with the funding for both the acquisition as well as the initial construction phase,” said Paul Rahimian, CEO of Parkview Financial.  “This project will be a great addition to this dense pocket in San Diego.”

 He added, “Downtown San Diego is a vibrant area and Little Italy is particularly popular with those seeking an amenity-rich, coastal-adjacent place to live. We see 1460 India as a project that will help meet the local demand for housing as well as retail in this dense infill location.”

 Little Italy is a trendy, highly walkable neighborhood in downtown that offers a diverse set of amenities to residents and visitors alike. Some of these include cocktail bars, brewpubs and restaurants with outdoor seating, retail shops, the weekly Little Italy Mercato Farmers’ Market and Waterfront Park with access to the bay.



Parkview Financial provides $7 million loan for the land acquisition and development of a planned 28-story apartment/retail project in downtown San Diego

1460 Indian St Rendering
Parkview Financial provided a $7 million loan to India & Beech, LLC for the acquisition of land for a high-rise residential/retail tower in San Diego.

Parkview Financial announced it has provided a $7 million loan to San Francisco-based India & Beech, LLC for the acquisition of a land parcel and first phase of construction funding for a high-rise residential/retail tower in the Little Italy neighborhood of downtown San Diego.

Located at 1460 India Street, the 10,019-square-foot site is currently being used as parking lot. India & Beech, LLC recently acquired the site for $7.1 million, and used Parkview’s loan in conjunction with the borrower’s cash to acquire the property.  The buyer has plans for the development of a fully entitled mixed-use 28-story urban infill project. The proposed project is planned to include 150 apartment units over 11,724 square feet of retail space and two levels of above-grade parking totaling 150 spaces. The project is set to begin construction in 2020 with completion anticipated for 2022.

“Parkview is pleased to help with the funding for both the acquisition as well as the initial construction phase,” said Paul Rahimian, CEO of Parkview Financial.  “This project will be a great addition to this dense pocket in San Diego.”

 He added, “Downtown San Diego is a vibrant area and Little Italy is particularly popular with those seeking an amenity-rich, coastal-adjacent place to live. We see 1460 India as a project that will help meet the local demand for housing as well as retail in this dense infill location.”

 Little Italy is a trendy, highly walkable neighborhood in downtown that offers a diverse set of amenities to residents and visitors alike. Some of these include cocktail bars, brewpubs and restaurants with outdoor seating, retail shops, the weekly Little Italy Mercato Farmers’ Market and Waterfront Park with access to the bay.

TMG Partners names Patrick McCarthy partner

Patrick McCarthy
TMG Partners and its wholly owned subsidiary PKN Manager LLC, announces Patrick McCarthy has joined the firms as Partner. (Photo credit: Gary Wagner Photography)


TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, and its wholly owned subsidiary PKN Manager LLC, today announces Patrick McCarthy has joined the firms as Partner.

“Patrick will be an asset to our continued growth as he participates in construction management and acquisitions, as well as having a strong role in our development team,” said TMG Partners Chairman and CEO Michael Covarrubias. “His past experience dovetails with our strategy.”

As Partner at PKN Manager LLC, Patrick will focus on managing the development of a luxury condominium project at Pier 70 Parcel K North.

Patrick brings 15 years of real estate experience managing the development of complex projects across multiple product types on both the developer and owner’s rep side. As the Vice President for Oyster Development Corp., Patrick was responsible for sourcing and analyzing acquisition opportunities, as well as managing the design, permitting, and construction of Oyster’s mixed-use project portfolio.  He delivered three high-density residential condominium developments in San Francisco: Rockwell, Vida, and Marlow, which totaled 478 units and approximately $500M in value.

Prior to Oyster Development, Patrick was a Project Manager for Cambridge Construction Management where he managed multiple large projects from high school campuses to the $1B development of UCSF Medical Center in Mission Bay.

Patrick is a member of the Urban Land Institute, as well as the US Green Building Council. He is a LEED BD+C Accredited Professional, and holds a BS in Mechanical Engineering and an M.B.A. in Finance, both from Santa Clara University.

TMG Partners has been active for over 35 years with more than 70 development projects in the Bay Area Region, including the one-million-square-foot Platform 16 office project near Diridon Station in Downtown San Jose in a co-development with Boston Properties. Most recently, the firm launched leasing efforts for Telegraph Tower, a fully-entitled, next generation office development at 2200 Telegraph Avenue, which is at the corner of Telegraph and West Grand Avenues in the heart of the Oakland’s Uptown neighborhood. Groundbreaking for the tower is slated for mid-2020.



TMG Partners names Patrick McCarthy partner

Patrick McCarthy
TMG Partners and its wholly owned subsidiary PKN Manager LLC, announces Patrick McCarthy has joined the firms as Partner. (Photo credit: Gary Wagner Photography)

TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, and its wholly owned subsidiary PKN Manager LLC, today announces Patrick McCarthy has joined the firms as Partner.

“Patrick will be an asset to our continued growth as he participates in construction management and acquisitions, as well as having a strong role in our development team,” said TMG Partners Chairman and CEO Michael Covarrubias. “His past experience dovetails with our strategy.”

As Partner at PKN Manager LLC, Patrick will focus on managing the development of a luxury condominium project at Pier 70 Parcel K North.

Patrick brings 15 years of real estate experience managing the development of complex projects across multiple product types on both the developer and owner’s rep side. As the Vice President for Oyster Development Corp., Patrick was responsible for sourcing and analyzing acquisition opportunities, as well as managing the design, permitting, and construction of Oyster’s mixed-use project portfolio.  He delivered three high-density residential condominium developments in San Francisco: Rockwell, Vida, and Marlow, which totaled 478 units and approximately $500M in value.

Prior to Oyster Development, Patrick was a Project Manager for Cambridge Construction Management where he managed multiple large projects from high school campuses to the $1B development of UCSF Medical Center in Mission Bay.

Patrick is a member of the Urban Land Institute, as well as the US Green Building Council. He is a LEED BD+C Accredited Professional, and holds a BS in Mechanical Engineering and an M.B.A. in Finance, both from Santa Clara University.

TMG Partners has been active for over 35 years with more than 70 development projects in the Bay Area Region, including the one-million-square-foot Platform 16 office project near Diridon Station in Downtown San Jose in a co-development with Boston Properties. Most recently, the firm launched leasing efforts for Telegraph Tower, a fully-entitled, next generation office development at 2200 Telegraph Avenue, which is at the corner of Telegraph and West Grand Avenues in the heart of the Oakland’s Uptown neighborhood. Groundbreaking for the tower is slated for mid-2020.