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

Housing Prices Rose 4.8 Percent Over Last Year, Index Shows

San Diego home prices rose 4.8 percent in the year since March 2014, according to a national index measuring housing prices, barely less than the 5 percent increase seen across the country’s 20 largest cities and nudging out the 4.7 percent growth reported for February.

Foreclosure Rate Dips Slightly in March

San Diego foreclosure rates fell one-tenth of a percentage point in March compared to last year, with 0.42 percent of outstanding mortgage loans foreclosing, according to CoreLogic.

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Pathfinder Partners Closes Sales of Multifamily Properties for $16.2 Million

San Diego-based Pathfinder Partners LLC, specializing in real estate investments, announced it completed the sales of an $8.7 million, 96-unit apartment property in Phoenix and a 78-unit apartment community in Seattle for $7.5 million.

Kilroy Announces Compromise With Community Groups on One Paseo Project

Kilroy Realty Corp. and three community groups announced that they have reached a compromise that allows a scaled-down version of the One Paseo mixed-used development project to move forward.

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Commercial Real Estate Makes Some Gains in the County

PROPERTY: South And North Counties See Industrial Demand

Conditions vary by neighborhood, but rising tenant and investor demand in an improving economy continues to move fundamentals generally in favor of commercial real estate landlords in San Diego County.

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Finding a Better Way

PROPERTY: The I-15 Corridor Gives Businesses Access to Favorable and Employee Friendly Locations

San Diego’s Interstate 15 corridor has quietly emerged as a major center of office leasing, office purchase and office development for numerous industries, due in part to the area’s relatively lower housing prices and easier commutes.

Council Repeals Approval of One Paseo Project

PROPERTY: Lightner Calls for Compromise On Less-Dense Version

San Diego City Council has voted unanimously to repeal its February approval of the controversial One Paseo mixed-use project in Carmel Valley, as developer Kilroy Realty Corp. and community opponents work out details on a scaled-down version that officials can review at a later date.

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Developer’s Optimism in Downtown Builds at Least 41 Stories

PROPERTY: Second Condo Tower Is Also Planned for Nearby

There’s no sign yet of a return to the early-2000s boom times for downtown San Diego’s high-rise condominium construction market.

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Project Blueprint Is Predominantly Green

PROPERTY: Development, Preservation Included in Plan

Carlsbad voters could eventually be deciding the fate of plans to turn 203 acres near Interstate 5 of former strawberry fields into an open-space preserve with retail elements.

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Bankers Hill Office Building Sells for $2.97M

Penhun Limited Partnership and the Cohen Family Trust recently purchased the Park West Square office property in Bankers Hill for approximately $2.97 million, according to brokerage company Marcus & Millichap Inc.

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Hillcrest Retail Building Sells for $2.38M

Ohio Street Villas Group LLC has purchased a Hillcrest retail building for approximately $2.38 million, with plans to renovate it for retail, restaurant and office uses, according to brokerage company Colliers International.

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Poway Hotel Property Sells for $4.5M

MNC Hospitality Inc. of Los Angeles has purchased the 43-room Best Western Country Inn hotel in Poway for $4.5 million, according to CoStar Group and public data.

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City Council Repeals Approval of One Paseo Project

San Diego City Council has voted unanimously to repeal its February approval of the controversial One Paseo mixed-use project in Carmel Valley, as developer Kilroy Realty Corp. and community opponents work out details on a scaled-down version that officials can review at a later date.

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Ballpark Village Development Site sold for $32.3 Million

An affiliate of Charleston, S.C.-based Greystar Real Estate Partners recently paid approximately $32.3 million for a 1.4-acre land parcel where work is currently underway on the first phase of the mixed-use Ballpark Village apartment project, in downtown San Diego’s East Village.

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Little Italy Apartment Site Sells for $12.8 Million

Lennar Multifamily Communities LLC has acquired a site in downtown San Diego’s Little Italy for $12.8 million, with plans to develop a high-rise apartment project, according to brokerage company Colliers International.