San Diego Business Journal


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

Carlsbad Office Property Housing Bank Sells for $7.2 Million

San Diego investor and developer Dan Floit has acquired a Carlsbad office building housing Bank of America for $7.2 million, according to brokerage company CBRE Group Inc.

By Lou Hirsh September 9, 2014 4 p.m.   Share

Carlsbad Approves Lease for Grand Pacific’s Expansion Plans

After more than a year of discussion and debate, the city of Carlsbad has a plan in place to convert a small piece of city-owned land into an expansion site for a hotel owned and operated by locally based Grand Pacific Resorts.

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Travelodge in Mission Valley Sells for $9 Million

An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.

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Goodwill Industries Purchases Chula Vista Retail Buildings for $3.1 Million

Goodwill Industries of San Diego has purchased three Chula Vista retail buildings for approximately $3.1 million, according to CoStar Group and public data.

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San Ysidro Retail Center Is Sold for $2.85M

Southbay Investment Co. LLC of San Diego has purchased a San Ysidro retail center for approximately $2.85 million, according to brokerage company Duhs Commercial Inc., which handled the transaction.

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Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

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Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

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San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.

Median Home Price in November Was $430,000

The median price for houses sold last month in San Diego County was $430,000, down 2.2 percent from October, but up 3.6 percent from November 2013, according to the most recent CoreLogic Dataquick real estate report.

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Oceanside Residence Inn Hotel Getting $2 Million Renovation

Operators of Residence Inn San Diego Oceanside have begun a $2 million renovation of the 125-room property at 3603 Ocean Ranch Blvd. in Oceanside.

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Downtown San Diego Office Building Sells for $18.5 Million

Bosa Development of Vancouver, B.C., has acquired the downtown San Diego office building at 1620 Fifth Ave. for $18.5 million, according to the seller, locally based Douglas Wilson Cos.

They Keep the Amenities Close and Style Closer in the Covenant

Within a few short miles of traveling east on Lomas Santa Fe Drive off of Interstate 5 is the west side of the Rancho Santa Fe Covenant.

Key Economic Drivers to Keep Fueling Real Estate Demand

property: Defense, Biotech, Tourism and Tech Are Region's Engines

Technology, biotech, defense and tourism – and various combinations of all four – are expected to have a continued strong impact on local real estate demand in 2015 and beyond, said experts at a recent symposium on the subject.

Karras to Lead USD’s Burnham-Moores Center

REAL ESTATE: New Executive Director Replaces Retiring Mark Riedy

University of San Diego’s School of Business Administration has named Stath Karras as the new executive director of the school’s Burnham-Moores Center for Real Estate, effective Jan. 19.

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Developers Cashing In On UTC’s Popularity

PROPERTY: Projects Include Mix of Industries and Services

San Diego’s University Towne Center will see a slew of new commercial projects completed over the next three years — with office, retail and hotel elements on the way — as the neighborhood moves well beyond its longtime role as a “second downtown” for financial services providers.