San Diego Business Journal


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

Apartments Near Imperial Beach Sold for $20.2 Million

The Apartment Co. of San Diego has acquired the 134-unit Clubhouse at Imperial Beach apartment community for $20.2 million, according to real estate services company HFF, which represented the seller.

By Lou Hirsh February 27, 2015 2:03 p.m.   Share
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San Diego Firm Buys Phoenix Apartments for $36.2 Million

San Diego-based MG Properties Group has acquired the 270-unit Trillium Papago Apartments in Phoenix for approximately $36.2 million, the private investment company announced.

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Poway Industrial Building Sold for $14.4 Million

An affiliate of CT Realty has purchased a Poway industrial building housing General Atomics Aeronautical Systems Inc. for $14.4 million, the Aliso Viejo-based property investment company announced.

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Opponents Start Petition Drive to Repeal One Paseo Approval

Opponents of the controversial One Paseo mixed-use development in Carmel Valley have begun a signature-gathering campaign, aimed at repealing San Diego City Council’s recent approval of the project or placing the issue before city voters.

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San Diego Office and Industrial Building Sells for $2.45 Million

Locally-based Sasa Group LLC has purchased an office and industrial property in the Mt. Hope area of southeast San Diego for $2.45 million, according to brokers handling the transaction.

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El Cajon Apartment Property Sold for $2.6 Million

Carlsbad Garden Apartments LLC has purchased the 20-unit Sierra Vista Apartments in El Cajon for approximately $2.6 million in an all-cash transaction, according to Marcus & Millichap Inc., which handled the deal.

Carlsbad Land for Potential Residential Project Sells for $4.15 Million

Developer Integral Communities of Newport Beach has purchased a 10.46-acre land parcel in Carlsbad for $4.15 million, with plans for a 200-unit multi-family residential project, according to brokerage company Lee & Associates, which represented the buyer.

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Alpine Medical and Office Building Sells for $6 Million

A buyer recorded as Alpine Regional Center LLC has purchased a multi-tenant medical and office building in Alpine for $6 million, according to brokerage company CBRE Group Inc., which represented the buyer and seller.

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Downtown Sheraton Suites Hotel Sells for $50 Million

An affiliate of Maryland-based Marriott International Inc. has acquired the 264-room Sheraton Suites San Diego hotel in the downtown area for approximately $50 million, according to CoStar Group and public data.

Aviara’s Neighborhoods Provide the Perfect Place for a Stroll

A walk along the trail bordering the protected 610-acre Batiquitos Lagoon is to experience what it must have been like 1,300 years ago when Native Americans were the only inhabitants.

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Back to Business For One Paseo

PROPERTY: Retail Leasing Is on Development’s Agenda

With the political battles set aside at least for the moment, Kilroy Realty Corp. and its brokers are proceeding to fill retail and office spaces at the company’s controversial $750 million One Paseo mixed-use development in Carmel Valley.

Hot Tub Maker Watkins Acquires Endless Pools

Vista-based Watkins Manufacturing Corp., the world’s largest manufacturer of hot tubs, has acquired Endless Pools Inc. through its parent company, Masco Corp.

County’s Construction Contract Values Rose 69 Percent in January

San Diego County’s contracts for future construction rose 69 percent in January from a year ago, topping $301.6 million, according to the latest monthly figures from Dodge Data & Analytics.

Ryan Granito Appointed Vice President of Real Estate at Fundrise

Ryan Granito has been named vice president of real estate for Fundrise, a real estate crowdfunding platform.

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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.