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
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Westfield Said to Be Considering Referendum to Block Carlsbad Lagoon Project

Mall operator Westfield Corp., whose local properties include Westfield Carlsbad, is mulling options including a referendum campaign, aimed at overturning the city’s approval of Caruso Affiliated’s planned retail center near the Agua Hedionda Lagoon.

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Belching Beaver Buys Oceanside Building to Expand Beer Production

Vista-based craft beer maker Belching Beaver Brewery has purchased an Oceanside industrial building for approximately $2.36 million, with plans to operate a new five-stage, 30-barrel production system, according to brokerage firm Lee & Associates.

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La Jolla Apartments Sell for $8.55 Million

LJ Tides LLC has purchased a 30-unit apartment building known as The Tides for $8.55 million, according to brokerage company Colliers International.

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Agreement Could Clear the Way for $1.25 Billion Navy Broadway Development

Manchester Financial Group has reached a settlement agreement with the California Coastal Commission, possibly clearing the way for work to proceed on a long-delayed, $1.25 billion redevelopment of the Navy Broadway Complex in downtown San Diego.

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Town and Country's $80M Renovation Set to Start in Early 2016

Destination Hotels & Resorts is finalizing plans for a previously announced $80 million renovation of the landmark Town and Country Resort & Convention Center in Mission Valley, now slated to begin in early 2016.

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City Park Opening Near Pinnacle’s New Downtown Apartments

Civic San Diego and developer Pinnacle International have scheduled an Aug. 28 grand opening for Fault Line Park, the first public park to open in downtown’s East Village in more than a decade.

Old Carlsbad Delivers a Bouquet of Beauty and Charms

It’s hard to beat living on the beach in Carlsbad.

New One Paseo Proposal Cuts Down on Retail, Office Space

Talks are in progress on Version 2.0 of One Paseo, and San Diego city officials, as soon as January, could be reviewing a downsized version of the controversial mixed-use development in Carmel Valley.

Housing Crisis Hurts At Home and Work

ECONOMY: Solutions Sought; Workforce Can’t Afford S.D.

Thirteen years ago, San Diego City Council declared the city was suffering from a housing emergency, with less than 25 percent of families able to afford a median-priced home, then worth $379,000.

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Spectacular

PROPERTY: Irvine Puts Best Features Forward as It Bets Big on Spec Office

Irvine Co. apparently is not just welcoming surfers and bicyclists as potential future tenants at One La Jolla Center, its newly completed 15-story, $100 million tower at University Towne Center. There are design touches catering directly to them.

Carlsbad Council Approves Plan for Retail Center Near Lagoon

Carlsbad City Council has unanimously approved plans by developer Caruso Affiliated to build a new Nordstrom-anchored retail center near the Agua Hedionda Lagoon.

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Chula Vista Industrial Buildings Sold for $8.9 Million

Buyers recorded as Britannia Partners LLC and VJS & BES Family Trust have purchased three Chula Vista industrial buildings for approximately $8.9 million, according to CoStar Group and public data.

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Poway Apartment Complex Sold for $41.15 Million

An affiliate of Palo Alto-based Pacific Urban Residential has purchased the 193-unit Summerlyn Apartments in Poway for $41.15 million, according to brokerage company CBRE Group Inc.

Index Reports Local Home Prices Increased 4.6% Over 12 Month Period

San Diego’s home prices rose 4.6 percent in the 12 months ending in June 2015, according to a national index measuring housing prices, maintaining its persistent growth just behind the average growth rate in the country’s 20 largest cities.

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Emmes Gets $130 Million in Refinancing for Downtown Tower

An affiliate of property owner Emmes Group of Cos. has received $130 million in first mortgage debt to recapitalize 1 Columbia Place, its office tower at 401 W. A St. in downtown San Diego.