San Diego Business Journal

SD REAL ESTATE

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

Trolley’s UTC Extension Could Deliver for Malls and Shoppers

Heavy-duty shoppers (of which I am not one) could see at least one big new benefit when San Diego’s trolley system makes its way to the University Towne Center area around 2021. It’s the chance to visit two of the area’s major malls via one trip on mass transit — or three malls with a transfer.

By Lou Hirsh October 20, 2016 4:18 p.m.   $$ Share
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Chula Vista Industrial Building Sells for $9.4 Million

Rethwisch Enterprises LLC of Villa Park has acquired a Chula Vista industrial building for $9.4 million, according to brokerage firm Colliers International Group Inc.

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University Heights Apartment Property Sold for $2.28 Million

San Diego-based Vaeurus Urban Lifestyles Fund II LLC has purchased a nine-unit apartment property in University Heights for $2.28 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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Retail Property in Little Italy Sells for $3.15 Million

India and Juniper LLC of San Diego has acquired a Little Italy retail property for $3.15 million, according to brokerage firm Colliers International Group Inc.

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Point Loma Retail Center Sold for $2.45 Million

San Diego-based Williams@Rosecrans LLC has acquired a strip shopping center in Point Loma for $2.45 million, according to brokerage firm Franco Realty Group.

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Murphy Development Nears Completion of Otay Mesa Industrial Park

San Diego-headquartered Murphy Development Co. is nearing completion on its Siempre Viva Business Park in Otay Mesa, with the recent groundbreaking on an $11.9 million industrial building at 8500 Kerns St.

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House Gives Buyer a Chance to ‘Make History’ or Just Enjoy It

The seaside resort town of Del Mar is just 1.8 square miles, but within its boundaries are some of the most architecturally significant and interesting homes in San Diego County.

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The Shoppes’ Multipurpose Makeover Is About People Pleasing

After years of delays and ownership changes, it appears that the long-fading mall in northern Carlsbad, known as Plaza Camino Real when it opened nearly a half-century ago, is ready to benefit from an extensive renovation.

Renovations Dominate Commercial Projects

CONSTRUCTION: Value Is Trending Above 2015

Converting older non-residential buildings for new and updated uses makes up more than three-quarters of the work being done these days by busy San Diego construction firms like Jaime Partners, and industry observers say those kinds of projects present further growth opportunities for local contractors in 2017 and beyond.

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Crowne Plaza Hanalei Hotel in Mission Valley Gets New Owner

A private client of Irvine-based Brighton Management has purchased the 419-room Crowne Plaza Hanalei hotel in Mission Valley for an undisclosed price, according to brokerage firm CBRE Group Inc.

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CBRE to Relocate Main San Diego Office to Westfield UTC

Commercial real estate services firm CBRE Group Inc. plans to move its central San Diego office in University Towne Center to the Westfield UTC mall, which is currently undergoing a $585 million renovation and expansion by owner Westfield Corp.

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Sorrento Mesa Industrial-Office Property Sells for $7 Million

A San Diego buyer recorded as Rodney R. Starkey A Trust has acquired a Sorrento Mesa industrial building for $7 million, according to brokerage firm Marcus & Millichap.

Quartus Engineering Relocates Its Headquarters, Manufacturing Space to New Facility in UTC

San Diego-based engineering and manufacturing firm Quartus Engineering Inc., which works with the aerospace, defense and optical industries, recently relocated its corporate headquarters, offices and manufacturing space to a new 47,000-square-foot facility in University Towne Center.

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County’s Construction Starts Rise 29% in First 10 Months of 2016

The value of San Diego County’s construction starts rose 29 percent from a year ago in the first 10 months of 2016, topping $3.61 billion, according to the latest monthly figures from Dodge Data & Analytics.

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Innovative Industrial Properties Begins Selling Stock Shares

San Diego-based Innovative Industrial Properties Inc., a new investment company focused on medical-use cannabis facilities, plans a Dec. 6 close on a $67 million initial public offering of common stock that began on Dec. 1.

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Second Office Building Planned After $31.3M Site Purchase in Scripps Ranch

Carlsbad-based developer Newport National Corp. has acquired a 20.9 acre site containing an office building, in San Diego’s Scripps Ranch submarket, for approximately $31.3 million, according to brokerage firm Colliers International.