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Pacific Beach is one of many communities in the county that benefited from the railroad link between San Diego and the East Coast in 1885. Soon to follow were hordes of visitors and would-be buyers of real estate in the area. And buy they did, so much so that a San Diego Union newspaper report during this time cautioned buyers to beware of the inflated prices of the bayside lots “going for $25 and $100.”
Property: Being Competitive is a Must in Building Maintenance
The phenomenon of two women owning and running a building maintenance business may have gotten attention in San Diego’s business circles in the days when Ronald Reagan was president.
San Diego-based Realty Income Corp. has closed on a new $2.25 billion unsecured credit facility, to replace a previous $1.5 billion unsecured credit facility.
A strong hospitality climate is keeping hotel properties high on the list of big San Diego County deals so far in 2015.
PROPERTY: Proposal In Mira Mesa Is for a 293-Acre Development
The process is relatively slow due to necessary environmental reviews, but former quarry properties — used for decades to mine materials for the region’s past construction projects — are gradually shaping up as potential sites for future new neighborhoods and mixed-use developments.
Zephyr Partners recently named the lead building design and landscape architects for The Block, a $250 million downtown mixed-use project announced last year by the San Diego-based developer.
Carlsbad-based HomeFed Corp., real estate investment and development firm, announced that it has successfully closed a private placement of $125 million of 6.50 percent senior notes due 2018.
An affiliate of Boston-based Rockpoint Group LLC has purchased the Aventine office building in La Jolla for approximately $150 million, according to CoStar Group and public data.
Workers recently removed a 1940s-era neon sign from atop the historic Hotel Churchill in downtown San Diego, which is being converted into affordable apartments in a $20.5 million renovation by the San Diego Housing Commission.
San Diego’s home prices rose 4.5 percent in the year since April 2014, according to a national index measuring housing prices, slowing down from the 4.8 percent growth reported for March and continuing to lag behind an average of the nation’s 20 largest cities.
Housing developer KB Home of Los Angeles has acquired a 5.47-acre land parcel in El Cajon for $6.43 million, according to commercial brokerage company Colliers International.
Three San Diego-based companies made the latest annual list of the nation’s 100 largest construction management firms based on 2014 revenue, published recently by the industry magazine Engineering News-Record (ENR).
Brookwood Financial Partners of Beverly, Mass., has purchased the Carlsbad Executive Plaza office property for $23.9 million, according to brokerage company DTZ.
San Diego-based BioMed Realty Trust Inc. plans to develop a 155,000-square-foot building in Cambridge, England, that will eventually house the European headquarters of genomic research and development firm Illumina Inc.
New York-based Angelo Gordon Real Estate Co. and Citivest Commercial Investments LLC of Newport Beach have purchased a portfolio of nine San Diego County retail properties for $183.25 million, according to Flocke & Avoyer Commercial Real Estate.