SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
REAL ESTATE: Homes Above $1M Rising, But Still Below 2008 Median
San Diego’s median home prices continued climbing last month with the increases in the luxury category, above $1 million, rising faster than the rest of the market, say housing industry sources.
PROPERTY: East Village Transformation to Create Tech, Design Hub
Lowe Enterprises and locally based I.D.E.A. Partners recently moved forward with plans to develop a $90 million mixed-use development in East Village, considered the first element in a long discussed strategy to turn the downtown neighborhood into a job-creating hub for cutting-edge technology and design firms.
REAL ESTATE: New Agency Will Address Plans For Redevelopment Needs
San Diego officials in coming weeks will be strategizing on ways to maintain development momentum downtown and elsewhere in the city, without the help of the California redevelopment agency program abolished by the state last year.
Real Estate Column
The latest figures from McGraw-Hill Construction show San Diego County 18 percent ahead of a year ago for construction projects in the pipeline.
News and notes from communities around San Diego County
The City Council recently approved plans to build another shooting range in the Poway Business Park. This time it is new construction rather than a building conversion.
BUILDING: A Process Called ‘Lean Construction’ Smooths Road to Renovation
Tenant improvements and site renovations have been crucial to the business enhancement efforts of local contracting companies over the past five years, as work assignments in new-construction projects remain tough to come by in San Diego County and elsewhere.
HEALTH CARE: Clinic Interior Promotes Healing; ‘Not Just a Decorating Job’
San Ysidro Health Center is using what’s called evidence-based design to inform the renovation of its new three-story clinic and urgent care center in Chula Vista — and streamlining health care in the process.
John Dempsey is president of Dempsey Construction Inc., a commercial general contracting and construction management firm, which he formed in 2010. Dempsey, who previously spent 28 years with Lusardi Construction, has built a business model that delivers a blend of large-company experience with the hands-on approach of a boutique company.
PROPERTY: Busy Season Begins Late June Through August
The coming of summer means it’s high season for businesses such as Penny Realty Inc. The Pacific Beach firm rents out 90 vacation homes, largely but not exclusively in Pacific Beach and neighboring Mission Beach.
PROPERTY: Firm’s Focus Is on Renovation Of Existing Properties
When Pacifica Hotel Co. recently sold the 73-room Empress Hotel in La Jolla, company leaders said the sale would open up opportunities for the growth-focused firm to pursue new coastal hotel development deals.
PROPERTY: Avison Young Brings Its Model to Local Market
Toronto-based commercial real estate services firm Avison Young is rapidly growing its own U.S. office footprint, most recently entering a competitive San Diego market already filled with several established regional and national brokerage players.
Projects, developments and other activity in cities in and around San Diego County
Voit Real Estate Services announced that Jonathan Segal, a San Diego-based urban-infill developer, has acquired a 29,700-square-foot site near the northeast corner of Balboa Park in the community of North Park for $2,250,000.
Eden Properties LLC of Los Angeles has purchased Ocean Villas, an eight-unit beachfront apartment building in Carlsbad, for $7.3 million.
Pearson Dental Supply of Sylmar has purchased the Kearny Villa Coast Medical office building in Kearny Mesa for $12.1 million, according to CoStar Group and public data.