SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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.
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.
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.
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.
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.
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.
BLT Enterprises of Santa Monica has acquired a two-building office campus in Sorrento Mesa for $12.6 million, the buyer announced.
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 San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.
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.
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.
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.
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.
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.