San Diego Business Journal


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

These Markets Offer Dream Homes in Diverse Styles, Settings

The top 10 residential real estate markets in San Diego County, as ranked by median price for 2014, range from Point Loma in the south to Cardiff in the north. As a group, 1,965 homes were sold during 2014 compared with 2,186 in 2013 — a 10 percent decline.

By Stephanie Glidden March 6, 2015 4:49 p.m.   $$ Share
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Carlsbad Office Park Acquired for $16.4 Million

Davlyn Investments Inc. of San Diego has purchased the two-building Paseo Summit office property in Carlsbad for approximately $16.4 million, the company announced.

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Coronado Office Property Sold for $19.7 Million

Island Terraces LP of Los Angeles has purchased Island Terraces, an office property in Coronado, for approximately $19.7 million, according to CoStar Group and public data.

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Realty Income Joining S&P 500 Index

Realty Income Corp. will be added to the S&P 500 index after the close of trading on April 6, the Escondido-based company announced.

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Small Business Lender Is on Big Growth Trajectory

LENDING: Company Looks to Expand into Midmarket Segment

When banks retreated from making small business loans during the depths of the Great Recession, Dave Gilbert saw a huge opportunity.

One Paseo Project Opponents Submit Signatures for Possible Referendum

The San Diego County Registrar of Voters is reviewing more than 60,000 signatures submitted by opponents of the mixed-used One Paseo project in Carmel Valley, aimed at rescinding San Diego City Council’s recent approval or placing the measure on a future election ballot.

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La Mesa Apartment Property Sells for $2.8M

Joehnk LLC of La Jolla has purchased the 14-unit Chateau Shasta apartment building in La Mesa for $2.8 million, according to ACRE Investment Real Estate Services, which represented the seller.

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San Diego Apartments Get $22.8 Million Renovation

National affordable housing developer Vitus Group Inc. has completed a $22.8 million renovation of the 448-unit Meadowbrook Apartments, in San Diego’s Skyline neighborhood.

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Poway Industrial Building Sold for $3.15 Million

Lloyd H. Wells Gift Trust of Poway has acquired a Poway industrial building for approximately $3.15 million, according to CoStar Group and public data.

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Chula Vista Shopping Center Sells for $18.5 Million

Affiliates of Anaheim-based Milan Capital Management have purchased a five-building retail center in Chula Vista for $18.5 million, according to CoStar Group and public data.

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Carlsbad Firm Opens New Senior Apartments in Mission Valley

Chelsea Investment Corp. of Carlsbad has completed and opened Versa at Civita, a $27.7 million, 150-unit apartment complex featuring affordable apartments for seniors 55 and older in Mission Valley.

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Carlsbad Office Building Sold for $4.26 Million

Investor Andrew Lisowski has acquired the Carlsbad Corporate Center office property in Carlsbad for approximately $4.26 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

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Financing Completed for $79.3 Million Downtown Apartment Project

Wakeland Housing and Development Corp of San Diego has closed on financing for its planned $79.3 million Atmosphere affordable housing project in downtown San Diego, according to U.S. Bank.

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Home of the month: Spindrift Sea View Estate

Perched high on the sandstone cliffs in La Jolla Shores is one of San Diego’s most exceptional properties.

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Report: Apartment Industry Has $11.9 Billion Local Impact

The San Diego metro area’s apartment industry had an $11.9 billion economic impact in 2013, including supporting more than 111,000 jobs, according to a recent report by two industry advocacy groups.

Game Over for Sony Stores as Company Shifts Its Retail Strategy

Sony North America, the San Diego-based division of the Japanese electronics giant, is pulling the plug on the last of its retail stores that the company once envisioned as the home-electronics version of those wildly popular Apple stores.