San Diego Business Journal

SD REAL ESTATE

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

Investment Firm Westcore Properties Names New COO

San Diego-based commercial real estate investment firm Westcore Properties has named Matthew Bateman as its new chief operating officer.

By Lou Hirsh April 3, 2015 1:53 p.m.   Share
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Market Does Some Local Sourcing for Lineup

Most of the food purveyors announced so far for the upcoming new Liberty Public Market in Point Loma are unknown to many people in San Diego County and elsewhere, and the project’s chief developer says that’s by design.

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Excel Shareholders Approve $2 Billion Acquisition By Blackstone

Shareholders of San Diego-based Excel Trust Inc. have formally approved the previously announced acquisition of the company by Blackstone Group, in a deal valued at approximately $2 billion.

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Second-Quarter Revenue, Income Rise at Realty Income

San Diego-based Realty Income Corp. saw revenue rise 11.1 percent from a year ago in its second quarter ending June 30, reaching $253.9 million.

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Irvine Co. Completes $150 Million Renovation of Mission Valley Apartments

Commercial property owner and developer The Irvine Co. has completed a $150 million renovation of its 1,410-unit apartment community in Mission Valley, now known as The Village Mission Valley.

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American Assets Trust Posts Increase in Revenue, Income

American Assets Trust Inc. reported revenue up 7.3 percent from a year ago for its second quarter ending June 30, reaching $66.7 million.

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Qualcomm to Let Some Leases Go

PROPERTY: Downsizing Hits Office Market

Local commercial office brokers are anticipating a significant supply-and-demand impact — likely in favor of technology companies and other tenants — from Qualcomm Inc.’s recently announced corporate downsizing.

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The Other Downtown

PROPERTY: UTC Area Sees Construction Boom As It Fulfills Its Big Plans

If there’s any place giving downtown San Diego a run for its money when it comes to significant investment in new construction projects, it’s most likely the city’s “second downtown” — better known as University Towne Center, or UTC.

California Economic Activity Index Shows Second Monthly Increase

Comerica Bank’s California Economic Activity Index grew in May, increasing 0.8 of a percentage point to a level of 120.5.

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Watkins Landmark Tapped to Build Hotel at El Paseo

Carlsbad-based Watkins Landmark Construction has been awarded the contract to build a new Marriott Autograph Collection luxury hotel in Palm Desert’s upscale El Paseo shopping district.

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City Heights Apartment Property Sold for $2.44 Million

SRM Investments LLC of San Diego has purchased a 14-unit apartment property in City Heights for $2.44 million, according to brokerage company ACRE Investment Real Estate Services.

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Developer Sunroad Names Dow as President of Multifamily Division

San Diego-based developer Sunroad Enterprises has named Michael Dow as president of its multifamily division, as the company looks to expand its portfolio in that category.

Home Prices Gained 4.8 Percent From May 2014 to May 2015

San Diego’s home prices rose 4.8 percent from May 2014 to May 2015, according to a national index measuring housing prices, catching up to the average growth rate in the country’s 20 largest cities.

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San Diego Retail Property Sells for $2.8 Million

Lai Family LP has purchased a three-building retail property in San Diego’s Grantville neighborhood for $2.8 million, according to commercial brokerage company Pacific Coast Commercial.

Guild Mortgage's Loan Volume Reaches $6.7 Billion

Guild Mortgage Co.’s loan volume reached $6.7 billion in the first six months of the year, more than double its volume during the same period the year before and its best first half in the company’s history, Guild said Monday.

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Point Loma Apartments Acquired for $3 Million

Mills Family Trust of Los Angeles has purchased an 11-unit apartment property in Point Loma for $3 million, in an all-cash deal, according to brokerage company Marcus & Millichap Inc.