San Diego Business Journal

SD REAL ESTATE

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

San Marcos Retail Center Sells for $53.4 Million

A buyer group that includes Emerald Interests Corp. of Scottsdale, Ariz., has purchased the seven-building Campus Marketplace retail center in San Marcos for $53.4 million, according to CoStar Group and public data.

By Lou Hirsh February 9, 2015 12:37 p.m.   Share
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Sudberry Properties Opens First Phase of West Park Apartments

San Diego-based developer Sudberry Properties recently completed and opened the first phase of its 612-unit West Park, a $100 million apartment project located at its larger Civita mixed-use development in Mission Valley.

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BioMed Realty Realigns Executive Team as President Leaves Post

San Diego-based BioMed Realty Trust Inc. has announced a realignment of its executive team, following the departure of company President and Chief Operating Officer Kent Griffin.

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Carlsbad Office Property Sold for $19.5 Million

Buchanan Street Partners of Newport Beach has purchased a Carlsbad office building for $19.5 million, the company announced.

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Trigild Appointed Receiver for $17.5 Million Maryland Property

San Diego-based real estate services provider Trigild has been appointed receiver of Centerpointe, a $17.5 million office and industrial park in Landover, Md.

San Diego Council Approves Controversial One Paseo Project

The San Diego City Council has approved the controversial One Paseo mixed-use development in Carmel Valley, a $750 million project slated to include 1.4 million square feet of retail and office space with 608 condos and apartments.

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Lemon Grove Apartment Building Sells for $2.95 Million

A buyer recorded as Phx Capl LLC Investment Partnership has acquired a 24-unit Lemon Grove apartment property for $2.95 million, according to Voit Real Estate Services, which represented the buyer and seller.

Local Firm Acquires Phoenix Retail Center for $9.9 Million

San Diego-based asset management firm XREIT has acquired a Phoenix shopping center for $9.9 million on behalf of a local client, the company announced.

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North County Office Portfolio Sells for $113 Million

Brookwood Financial Partners LP of Beverly, Mass., has purchased a three-campus portfolio of seven office buildings in Carlsbad and San Marcos for $113 million, according to CoStar Group and brokers handling the transaction.

Timing Looks Right for This New Life Sciences Campus in UTC

Real Estate Column

San Diego’s BioMed Realty Trust Inc. has not announced the tenants for its long-planned, $190 million life-science lab and office campus called i3, which recently broke ground at University Towne Center. But the trends in recent brokerage data suggest the company shouldn’t have much trouble filling up the 316,000-square-foot project.

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Church Buys Miramar Office Building for $3.2 Million

Bread of Life Church has purchased an office building in San Diego’s Miramar neighborhood for $3.2 million, with plans to convert the property for a church and related operations, according to Voit Real Estate Services.

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Retail Building Housing Dave & Buster’s Sold for $11.9 Million

Store Capital of Scottsdale, Ariz., has purchased a Mission Valley retail building housing the restaurant Dave & Buster’s for $11.9 million, according to real estate advisory firm Faris Lee Investments, which represented the buyer and seller.

ClosingCorp Names Mugge Senior VP of Program Development

ClosingCorp, a provider of real estate closing cost data and technology for the residential real estate industry, announced Dan Mugge as its new senior vice president of program development.

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Escondido Industrial Park Sells for $7.3 Million

A San Diego entity recorded as 15 North LLC has purchased an Escondido industrial property known as Simpson Business Park for $7.3 million, according to brokerage company Lee & Associates, which represented the seller.

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Realty Income Posts 2014 Increases in Revenue, Net Income

Revenue at Realty Income Corp. rose 19.6 percent in 2014, reaching $933.5 million, as net income available to common stockholders increased 11.7 percent from 2013, totaling $227.6 million, the Escondido-based company reported.

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New Local Kidder Mathews Office Adds 4 More Commercial Brokers

The newly opened San Diego office of commercial brokerage firm Kidder Mathews has added four experienced brokers to its roster, including three more who switched over from the local office of Cushman & Wakefield Inc.