San Diego Business Journal


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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Two La Jolla Buildings Are Part of $86.6 Million Portfolio Deal

Two La Jolla properties are among 13 retail and office buildings acquired in a multistate, $86.6 million portfolio deal by an affiliate of New York- based Lone Star Americas Acquisitions LLC, according to CoStar Group and public data.

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CH Projects Opening New Steakhouse in Little Italy

San Diego-based hospitality venue operator CH Projects plans to open a new Little Italy steakhouse called Born & Raised in late summer of 2016. The venue will debut at 1909 India St. after a $2.5 million renovation of the building that is currently underway.

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Local Firm Buys Scripps Ranch Office Property for $19.75 Million

San Diego-based Cypress Office Properties LLC has purchased the Willow Creek Corporate Center office building in Scripps Ranch for $19.75 million, according to brokerage company JLL.

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From Bay to Breakers, Point Loma Leaves You Awash in Beauty

es to everything and Point Loma is no exception. On the west side of the hilly peninsula there are dramatic sandstone cliffs high above the ocean known as Sunset Cliffs. The east side slopes toward San Diego Bay with homes right to the water’s edge.

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Croce’s Closes on a Sad Note for Viability of Live Music Venues

“Never say never,” Ingrid Croce said during a recent phone call when asked if she envisioned opening any more dining or music venues a few days after closing her Croce’s Park West in Bankers Hill.

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Agriculture Incentive Zone Could Be Sprouting in S.D.

PROPERTY: Tax Breaks Used to Provide Plots For Growing Produce

The city of San Diego is considering new property tax incentives designed to get fresh produce onto tables in neighborhoods underserved by grocery stores, farmers markets and other sources of healthful foods.

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Teledyne Instruments Signs $22 Million Lease for Scripps Ranch Expansion

Teledyne Instruments Inc., which makes measurement and monitoring devices used in manufacturing, has signed a 10-year lease valued at more than $22 million for two buildings in Scripps Ranch, according to brokerage company CBRE Group Inc.

Lilac Hills Project Could Go Before Voters in November

North County supporters have filed paperwork with the county for an initiative petition drive, with the aim of placing the proposed 1,700-home Lilac Hills Ranch development on the November 2016 ballot.

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Multifamily Property in University Heights Sold for $3 Million

Locally based Carlone Family Trust has acquired a seven-unit multifamily property in University Heights for $3 million in an off-market transaction, according to brokerage company Colliers International.

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Point Loma Apartment Property Sells for $3.4 Million

San Diego-based MCFT Holdings LLC has purchased a 17-unit Point Loma apartment property for $3.4 million, according to brokerage company South Coast Commercial Inc.

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Local Company Buys Marriott in Carmel Valley for $80.5 Million

San Diego-based Southwest Value Partners has acquired the 284-room Marriott San Diego Del Mar hotel in Carmel Valley for $80.5 million, according to the buyer.

December Home Prices Up 6.7 Percent Over 2014

Home values in San Diego and Carlsbad rose 6.7 percent in December from the year before, as higher home values across the country appear to be spurring additional single-family home construction, according to a report Tuesday from CoreLogic.

S.D. Realtor Group Partners With 3 Others Nationwide to Form New Company

The Greater San Diego Association of Realtors announced it has partnered with three other Realtor groups across the country to form a company that will help associations vet vendors and share technology.

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Construction Management Firm Cumming Acquires London Company

Cumming Corp., a San Diego-headquartered construction project management firm with offices worldwide, announced Feb. 1 that it is acquiring and merging with London-based consulting firm GB Fitzsimon. Financial details were not disclosed.

LPA Inc. Relocates Office to Renovated Building Downtown

Architectural firm LPA, Inc. relocated its East Village office Feb. 1 to a new space downtown on National Avenue.