San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Market Forces and, of Course, Money Transform Solana Beach

Solana Beach was primarily farmland in the late 1800s when Col. Ed Fletcher bought 140 acres and began developing the town with his brother-in-law, Eugene Batchelder.

By Stephanie Glidden March 21, 2014 2:14 p.m.   $$ Share
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BioMed Subsidiary to Issue $400M in Notes

BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.

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Nursing Care Facility in El Cajon Sold for $7.5 Million

Rocklin-based Auburn Manor Holding Corp. has purchased Chase Care Center, a skilled-nursing healthcare facility in El Cajon, for $7.5 million, according to CoStar Group and public data.

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Data Services Company Buys Kearny Mesa Office Building for $3.84 Million

Central Data Services Inc. of San Diego has purchased a Kearny Mesa office building, known as Convoy Business Center, for $3.84 million, according to CoStar Group and public data.

Two Local Companies to Compete for Airfield Work for Navy

The U.S. Navy needs a solid place to land its aircraft, and it has chosen two local contractors to make that possible.

Genstar Affiliate Buys Chula Vista Residential Land for $37.1 Million

An affiliate of San Diego-based Genstar Development Co., recorded as GDCI Proctor Valley LP, has purchased 1,140 acres of residential land in Chula Vista for approximately $37.1 million, according to CoStar Group and public data.

Home Sales and Median Price Increase in March

Home sales in San Diego increased in March, and the median price rose 4 percent from February to $427,000, according to Dataquick, the La Jolla real estate research firm.

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San Diego Firm Buys Miramar Retail Center for $12.5 Million

HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.

Three Local Construction Cos. to Compete for Defense Work

Three local companies may have Army construction work in their futures.

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Drywall Construction Stopped on Downtown Apartment Project

Work on the drywall portion of the $150 million, 45-story Pinnacle Towers apartment project in downtown San Diego has been stopped, after the California Contractors State License Board determined that a subcontractor was not properly licensed in the state.

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Santee Contractor Completes $12 Million Armory at Camp Pendleton

A & D General Contracting Inc. of Santee recently completed a new $12 million armory building at Marine Corps Base Camp Pendleton near Oceanside.

Lakeside Construction Co. to Compete for Navy Contracts in Pacific Northwest

Marathon Construction Co., a small business based in Lakeside, took a step toward receiving U.S. Navy construction contracts for work in the Pacific Northwest.

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Apartment Complex in Oceanside Sells for $14.2 Million

An investment entity recorded as 42nd Street Apartments LLC has purchased the 88-unit Forest Glen Condominiums in Oceanside for $14.2 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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Two Rancho Bernardo Retail Buildings Sell for $4.6M

Fairbanks Trail LLC of San Diego has purchased two Rancho Bernardo retail buildings for a total of approximately $4.6 million, according to CoStar Group and public data.

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New Bike Trail Segment Connects With Oceanside Transit Center

Regional officials have completed a new 2,000-foot Oceanside segment of the Coastal Rail Trail, a bikeway that will eventually span 44 miles from Oceanside to San Diego.

Parallel Is Pursuing Office Property Bargains in Secondary Markets

Real Estate: Big-Ticket Sales Show Improving Climate

San Diego’s Parallel Capital Partners Inc. has recently picked up some trophy office properties at what it considers bargain prices by historical standards. And it’s had plenty of company in the local market so far in 2014.