San Diego Business Journal

SD REAL ESTATE

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

Paying The Price

Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May ContinueArecent report on rising rents, by the Lusk Center for Real Estate at the University of Southern California, painted a clear good news/bad news picture of San Diego County’s apartment property market so far in 2016.

By Lou Hirsh May 5, 2016 1:07 p.m.   $$ Share
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Restaurant and Movie Complex Opens at Liberty Station

San Diego-based Boffo Cinemas LLC has opened The Lot Liberty Station, which includes a restaurant and six-screen movie theater, at the mixed-use Liberty Station in Point Loma.

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Westcore Acquires Commercial Buildings in U.K., Seattle

Westcore Europe, an affiliate of San Diego-based Westcore Properties, has acquired an office building in the United Kingdom for approximately $19.6 million in U.S. dollars.

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Scripps Ranch Office Building Sells for $17.8 Million

An affiliate of San Francisco-based Graymark Capital has purchased a Scripps Ranch office property for approximately $17.8 million, according to CoStar Group and public data.

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Will Wonder Bread Building Be Sandwiched Into Convadium?

The historic Wonder Bread building has now survived for nearly a century in East Village, but the proposed “convadium” project put forward by the San Diego Chargers could put its future in doubt.

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Good Views

Local Real Estate Experts See Strong Demand and Low Vacancy Rates Pushing Up Commercial Rents

s nearly 40,000 new positions were created regionwide during the past year, job growth continued to fill San Diego County’s office, industrial and retail buildings during the first quarter of 2016.

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Luxury Still Has the Leading Role in Lush Fairbanks Ranch

Fairbanks Ranch in Rancho Santa Fe occupies the land that was once an 800-acre working dairy and citrus ranch owned by the 1920s “Hollywood Royalty” couple Douglas Fairbanks and Mary Pickford. Now, Fairbanks Ranch is an exclusive gated community of 618 homes with miles of jogging and walking trails, a lake, tennis courts and more than 40 acres of open space for recreation.

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New ‘Downtown’ Takes Shape in San Marcos

DEVELOPMENT: It Aims for Mixed-Use Community Hub

Pieces are gradually falling into place for a mixed-use, 200-acre “University District” long envisioned by the city of San Marcos, which in coming years could also become what developers have billed as “North County’s Downtown.”

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Sudberry Properties Breaking Ground on Imperial Beach Retail Center

Developer Sudberry Properties plans a May 5 ground-breaking for Breakwater Town Center, a new shopping center and community hub in Imperial Beach.

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Eureka! Restaurant Joins Lineup at SDSU Mixed-Use Plaza

San Diego State University has signed the restaurant chain Eureka! as the latest new tenant at its mixed-use South Campus Plaza, currently under construction.

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Petherbridge Named President and CEO of Excel Trust

San Diego-headquartered Excel Trust has appointed Luke J. Petherbridge as chief executive officer and president.

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Charter School Buys La Mesa Retail Property for $2.1 Million

Student Success Programs, a local charter school, has acquired a La Mesa retail property for approximately $2.1 million, with plans to set up school operations, according to brokerage firm Lee & Associates.

Gas Station with Retail Planned after $3 Million Land Buy in Vista

J&T Business Management of Corona has purchased a 4.6-acre land parcel in Vista for approximately $3 million, with plans to build and operate a nationally branded gas station with additional retail, according to brokerage firm Lee & Associates.

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San Diego Apartment Property Sold for $3.6M

Fenway Properties I LLC of San Diego has purchased a 20-unit apartment property in the city’s Normal Heights neighborhood for $3.6 million, according to brokerage firm Marcus & Millichap.

Industrial Property Sells for $3.5 Million

A buyer recorded as TP Otay Mesa LLC has acquired a two-parcel industrial site in Otay Mesa for $3.5 million, according to brokerage firm Lee & Associates.