San Diego Business Journal


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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These Were 2016’s Biggest Retail Property Deals

With new construction scarce and empty store spaces quickly being filled, San Diego County’s retail property vacancy rate keeps getting lower – 3.8 percent at the end of 2016, according to a recent report by CoStar Group.

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Fallbrook Apartment Complex Sold For $3.57M

DiPiero Family Trust of Escondido has acquired a 25-unit apartment property in Fallbrook for approximately $3.57 million, according to brokerage firm Lee & Associates.

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Illinois Firm Buys San Marcos Retail Center for $73.3 Million

Illinois-headquartered InvenTrust Properties Corp. has purchased the Campus Marketplace retail center in San Marcos for approximately $73.3 million, according to CoStar Group and brokerage firm Lee & Associates.

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Rental-Home Realities Likely to Reshape Some of the Market

“The new American dream involves a home, but it doesn’t necessarily involve the ownership of the home,” said Mitch Roschelle, a partner in the consulting firm PwC, during a recent forum presented by the University of San Diego’s Burnham-Moores Center for Real Estate.

Developers Applaud Mayor’s Plan to Streamline Housing Permits

ECONOMY: Transit-Centered Projects, Greater Density Also Being Pushed

Real estate developer Tony Pauker saw part of himself reflected in Mayor Kevin Faulconer’s new plan to solve San Diego’s housing crisis.

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La Mesa Apartment Property Sells For $19 Million

Vista Investment Group LLC of Los Angeles has acquired an 80-unit La Mesa apartment community for approximately $19 million, the company announced.

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Miramar Office-Industrial Property Sells for $4.1 Million

San Diego investors Peter and Pattiann Aardema have acquired a Miramar office and industrial property for $4.1 million, according to brokerage firm Pacific Coast Commercial.

Coldwell Banker Commercial Taps Brown to Lead San Diego Office

Coldwell Banker Commercial Southern California has hired Rhyne Brown to serve as executive managing director for the company’s San Diego regional operations.

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Kensington Apartment Property Sold for $2.2 Million

Newkirk Family Trust of San Diego has acquired an eight-unit apartment property in the city’s Kensington neighborhood for $2.2 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Colliers International Group Inc.

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Oceanside Industrial Building Sells for $2 Million

A local buyer listed as J&H Oceanic Properties LLC has acquired an Oceanside industrial and manufacturing building for approximately $2 million, according to brokerage firm Lee & Associates.

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Walt Conwell Architects Names Partner, Rebrands

San Diego architect Walt Conwell, 74, who has had a career of more than 30 years as principal architect and owner of multiple design firms in San Diego, has brought on a new partner, Bryan Macias, 33, and renamed the firm.

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Ramona Apartment Complex Sells for $4M

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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RAF Pacifica Group Buys a San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

Kleinfelder to Oversee $125 Million Oil Refinery CleanUp

Kleinfelder announced Thursday its selection by a Fortune 500 petroleum client to oversee a $125 million environmental clean-up program in New Jersey.

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These Were the Biggest Industrial Deals of 2016

San Diego County’s industrial property market ended 2016 with a historically low 5.1 percent vacancy rate, according to the latest quarterly data from CoStar Group.