San Diego Business Journal


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

CBRE Forms New Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

By Lou Hirsh June 23, 2016 3:15 p.m.   $$ Share
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New Carlsbad Industrial Buildings Planned After $15M Land Buy

San Diego-based developer RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.

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Assessments Often Unsupported by Market Values

Although the economy as a whole has shown signs of life after the Great Recession, the recovery is not being driven by commercial real estate prices and values. It is more accurate to describe the economic recovery as occurring despite the ongoing distress affecting some segments and submarkets of the commercial real estate market.

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Cushman & Wakefield Names New Brokerage Director in San Diego

Commercial real estate services firm Cushman & Wakefield has named Nick Di Paolo as its director of brokerage in San Diego, overseeing all brokerage lines including five local offices and approximately 90 brokers.

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Guild Mortgage Signs $10M Lease for Local Headquarters Expansion

San Diego-based Guild Mortgage Co. has signed a 10-year lease for 40,000 square feet valued at approximately $10 million, as it expands its headquarters in Kearny Mesa, according to local commercial brokers.

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Encinitas Homes Build On the Style, Charm of City’s Past

A drive along the side streets off Leucadia Boulevard between Interstate 5 and El Camino Real is a simultaneous look at the past of Encinitas and its future. West of Quail Gardens Drive, the area is a densely populated mix of ramshackle, mid-1950s ranch houses alongside newer, million-dollar estates that replaced the original homes.

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Carlsbad Industrial Building Sold for $7.55 Million

Los Angeles-based Alvarez & Marshal Capital Real Estate LLC has purchased a Carlsbad industrial building for $7.55 million, according to brokerage firm Lee & Associates.

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Sorrento Mesa Office Campus Sells for $12.6 Million

BLT Enterprises of Santa Monica has acquired a two-building office campus in Sorrento Mesa for $12.6 million, the buyer announced.

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San Francisco Firm Buys Mira Mesa Retail Center for $229 Million

San Francisco-based Stockbridge Capital Group LLC has purchased the Mira Mesa Marketplace retail center in Mira Mesa for $229 million, according to CoStar Group and public data.

Four Housing Projects Awarded Nearly $4 Million

Four San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.

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Developer Plans $44M Mixed-Use Project in Encanto

A committee of Civic San Diego, the city’s project oversight agency for downtown and southeastern neighborhoods, recently recommended plans for a $44 million mixed-use community in Encanto.

Pacific Highlands Ranch Residential Land Sold for $61.6 Million

The San Diego division of Pardee Homes recently sold off 9.38 acres of residential land in the city’s Pacific Highlands Ranch community to two other homebuilders, for a total of approximately $61.6 million, according to CoStar Group and public data.

Region’s Live-Work Dynamic Not in Alignment

Besides the usual suspects — development fees, high land costs and cumbersome approval processes — San Diego County has big problems with mismatches when it comes to battling its housing affordability problems.

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S.D. Office Tower Sold for $54.4 Million

Hammer Ventures of San Diego has purchased the downtown office tower known as The Executive Complex for $54.4 million, according to CoStar Group and public data.

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S.D. Apartment Portfolio Sells for $8.66 Million

Locally based NP Ventures LLC and Sucato Family Trust have purchased a portfolio of four San Diego apartment properties for a total of approximately $8.66 million, according to brokerage firm Colliers International Group Inc.