San Diego Business Journal


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

Carlsbad Office Property Housing Bank Sells for $7.2 Million

San Diego investor and developer Dan Floit has acquired a Carlsbad office building housing Bank of America for $7.2 million, according to brokerage company CBRE Group Inc.

By Lou Hirsh September 9, 2014 4 p.m.   Share
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Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

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Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

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San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.

Median Home Price in November Was $430,000

The median price for houses sold last month in San Diego County was $430,000, down 2.2 percent from October, but up 3.6 percent from November 2013, according to the most recent CoreLogic Dataquick real estate report.

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Oceanside Residence Inn Hotel Getting $2 Million Renovation

Operators of Residence Inn San Diego Oceanside have begun a $2 million renovation of the 125-room property at 3603 Ocean Ranch Blvd. in Oceanside.

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Downtown San Diego Office Building Sells for $18.5 Million

Bosa Development of Vancouver, B.C., has acquired the downtown San Diego office building at 1620 Fifth Ave. for $18.5 million, according to the seller, locally based Douglas Wilson Cos.

They Keep the Amenities Close and Style Closer in the Covenant

Within a few short miles of traveling east on Lomas Santa Fe Drive off of Interstate 5 is the west side of the Rancho Santa Fe Covenant.

Key Economic Drivers to Keep Fueling Real Estate Demand

property: Defense, Biotech, Tourism and Tech Are Region's Engines

Technology, biotech, defense and tourism – and various combinations of all four – are expected to have a continued strong impact on local real estate demand in 2015 and beyond, said experts at a recent symposium on the subject.

Karras to Lead USD’s Burnham-Moores Center

REAL ESTATE: New Executive Director Replaces Retiring Mark Riedy

University of San Diego’s School of Business Administration has named Stath Karras as the new executive director of the school’s Burnham-Moores Center for Real Estate, effective Jan. 19.

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Developers Cashing In On UTC’s Popularity

PROPERTY: Projects Include Mix of Industries and Services

San Diego’s University Towne Center will see a slew of new commercial projects completed over the next three years — with office, retail and hotel elements on the way — as the neighborhood moves well beyond its longtime role as a “second downtown” for financial services providers.

The Search Is On – Top Real Estate Deals Nominations Close Jan. 5

The San Diego Business Journal is accepting nominations for the 2015 Top Real Estate Deals, featuring the CRASD Deal Maker Awards, which honor the top brokers on both the buyer and seller side of San Diego County’s biggest, best and most complex projects.

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Vista Apartments Sold for $4.5 Million

Trustees of two local Glorioso family trusts have purchased the 34-unit Sunglen Apartments in Vista for $4.5 million, according to brokerage firm ACRE Investment Real Estate Services, which represented the buyer and seller.

Apartment Vacancy Rate Falls to 2.3 Percent

The apartment vacancy rate in San Diego County fell to 2.3 percent this fall, nearly halving the 4.1 percent vacancy rate from one year earlier, according to the San Diego County Apartment Association’s semi-annual survey of landlords.

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Target Planning Store in San Diego’s Del Sur Neighborhood

Minneapolis-based Target Corp. recently made a $10 million purchase of land in San Diego’s Del Sur neighborhood for a proposed new retail store, according to CoStar Group and public data.