San Diego Business Journal


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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Blackstone Buys Oceanside Commercial Properties for $13.5 Million

An affiliate of New York-based Blackstone Group LP has purchased 16 buildings and land parcels at Pacific Coast Business Park in Oceanside for approximately $13.5 million, according to CoStar Group and public data.

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Kearny Mesa Industrial Building Sells for $4.85 Million

Locally based Thomas M. Murray Trust has acquired a Kearny Mesa industrial building for $4.85 million, according to brokerage company Marcus & Millichap.

Revenue, Net Income Rise at Realty Income

Realty Income Corp. saw total revenue rise 6.5 percent from a year ago in its fourth quarter ending Dec. 31, reaching $263.7 million, as net income available to common stockholders increased 7.2 percent, to $76.2 million.

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San Diego Retail Center Sells for $7.67 Million

McClurken Inc. of Spring Valley has acquired a three-building retail center in southern San Diego for approximately $7.67 million, according to CoStar Group and public data.

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President/CEO of Affirmed Housing to Chair State Housing Consortium

James Silverwood, the president and CEO of local company Affirmed Housing, will serve as 2016 board chair of the California Housing Consortium.

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Escondido Office Building, Land Parcel Sold for $7 Million

An affiliate of Escondido-based James Crone & Associates Inc. has acquired office and land properties in that city for a total of approximately $7 million, according to CoStar Group and public data.

Partnership Buys Oceanside Residential Land for $12.6 Million

A partnership that includes New York-based JEN Partners LLC has acquired 35.5 acres of residential land in Oceanside for approximately $12.6 million, with plans to develop 352 homes, according to CoStar Group and public data.

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Two La Jolla Buildings Are Part of $86.6 Million Portfolio Deal

Two La Jolla properties are among 13 retail and office buildings acquired in a multistate, $86.6 million portfolio deal by an affiliate of New York- based Lone Star Americas Acquisitions LLC, according to CoStar Group and public data.

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CH Projects Opening New Steakhouse in Little Italy

San Diego-based hospitality venue operator CH Projects plans to open a new Little Italy steakhouse called Born & Raised in late summer of 2016. The venue will debut at 1909 India St. after a $2.5 million renovation of the building that is currently underway.

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Local Firm Buys Scripps Ranch Office Property for $19.75 Million

San Diego-based Cypress Office Properties LLC has purchased the Willow Creek Corporate Center office building in Scripps Ranch for $19.75 million, according to brokerage company JLL.

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From Bay to Breakers, Point Loma Leaves You Awash in Beauty

es to everything and Point Loma is no exception. On the west side of the hilly peninsula there are dramatic sandstone cliffs high above the ocean known as Sunset Cliffs. The east side slopes toward San Diego Bay with homes right to the water’s edge.

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Croce’s Closes on a Sad Note for Viability of Live Music Venues

“Never say never,” Ingrid Croce said during a recent phone call when asked if she envisioned opening any more dining or music venues a few days after closing her Croce’s Park West in Bankers Hill.

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Agriculture Incentive Zone Could Be Sprouting in S.D.

PROPERTY: Tax Breaks Used to Provide Plots For Growing Produce

The city of San Diego is considering new property tax incentives designed to get fresh produce onto tables in neighborhoods underserved by grocery stores, farmers markets and other sources of healthful foods.

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Teledyne Instruments Signs $22 Million Lease for Scripps Ranch Expansion

Teledyne Instruments Inc., which makes measurement and monitoring devices used in manufacturing, has signed a 10-year lease valued at more than $22 million for two buildings in Scripps Ranch, according to brokerage company CBRE Group Inc.

Lilac Hills Project Could Go Before Voters in November

North County supporters have filed paperwork with the county for an initiative petition drive, with the aim of placing the proposed 1,700-home Lilac Hills Ranch development on the November 2016 ballot.