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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City Heights Apartments Sell for $2.09 Million

Xavier Family Trust of Del Mar has purchased a 14-unit apartment building in San Diego’s City Heights neighborhood for $2.09 million, according to brokerage firm South Coast Commercial Inc.

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San Diego Retail Center Sells for $8.1 Million

Diversified Properties of Solana Beach has acquired the Bay City Plaza retail center in southern San Diego for $8.1 million, according to brokerage firms Voit Real Estate Services and Cushman & Wakefield.

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Developer Gets $145M in Refinancing for UTC Apartments

San Diego-based developer The Premiere Residential has obtained $145 million in refinancing for two apartment communities in University Towne Center, according to CBRE Group Inc., which arranged the financing.

ROIC Posts Revenue Increase in Third Quarter

San Diego-based Retail Opportunity Investments Corp. posted an 18.5 percent increase in total third-quarter revenue from a year ago, reaching $59.4 million for the period ending Sept. 30.

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BNBuilders Gets $23.8 Million Contract For UCLA’s Geffen Academy

The San Diego office of general contractor BNBuilders was recently awarded a $23.8 million contract to build Geffen Academy, a new college preparatory school on the campus of University of California Los Angeles.

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El Cajon Medical Office Property Sold for $3.27 Million

Thu Tran and Lisa Tran Trust of La Jolla has acquired an El Cajon medical office complex for $3.27 million, according to brokerage firm The Heritage Group.

S.D. Law Firms' Real Estate Footprint Relatively Unchanged; Rents Remain High

A study released Monday by Chicago-based real estate investment and advisory firm JLL on the real estate outlook for law firms in San Diego said local firms have not decreased their footprints as much as firms have in some other primary U.S. markets.

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Put Your Life on Course for Luxury Living at Country Club

On the most southwestern edge of Rancho Santa Fe off San Dieguito Road is the Del Mar Country Club, one of the county’s finest golf courses and communities.

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Oceanside Industrial Properties Sold for $16.2 Million

An affiliate of Denver-based Industrial Property Trust Inc. has acquired a 13-property portfolio in Oceanside for $16.2 million, according to CoStar Group and public data.

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Mitek Relocates Headquarters to Downtown San Diego

Locally based Mitek Systems Inc., which makes software geared to mobile image capture and identity verification, is relocating its headquarters to 600 B St. in downtown San Diego, according to brokerage firm Colliers International Group Inc.

In 12-Month Period California Adds 30,900 Construction Jobs

California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America.

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Kleinfelder Names John A. Murphy CFO, Patrick Schaffner SVP

Civil engineering firm Kleinfelder on Thursday said John A. Murphy has been named chief financial officer and executive vice president and Patrick Schaffner has been named senior vice president and director of human resources.

East Village Project With Ritz-Carlton Hotel Gets City Approval

The San Diego City Council has approved the city’s first Ritz-Carlton Hotel, along with a Whole Foods grocery store and housing, in a $400 million mixed-use development project in East Village.

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Michael O’Hanlon Appointed COO at OliverMcMillan

Commercial real estate development firm OliverMcMillan said Tuesday it has hired Michael O’Hanlon as chief operating officer.