San Diego Business Journal


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

Bayfront Hotel Gets Official Approvals

TOURISM: Chula Vista’s $969M Plan May Change Tourism MapAfter two decades of talk about developing Chula Vista’s waterfront, officials have set the stage for a $969.3 million hotel project that could give San Diego County’s second-largest city its first significant share of the region’s tourism and convention dollars.

By Lou Hirsh June 22, 2017 12:55 p.m.   $$ Share
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San Diego Apartment Property Sells for $73 Million

Affiliates of Palo Alto-based Pacific Urban Residential have acquired a 169-unit Mira Mesa apartment property for approximately $73 million, according to CoStar Group and public data.

By Lou Hirsh June 23, 2017 11:20 a.m. share »
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San Diego Medical Office Building Sells for $28.5 Million

A joint-venture affiliate of San Diego-based Coast Income Properties Inc. has acquired a medical office building in Carmel Valley for $28.5 million, according to CoStar Group and public data.

By Lou Hirsh June 22, 2017 1:41 p.m. share »
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Garden Shop Relocates; Bikes, Ballet And Cookies Make Their Move

Glendora-based Armstrong Garden Centers recently opened its relocated store in San Diego’s Morena neighborhood, now at 1364 Morena Blvd. after moving from 1350 W. Morena Blvd. Operators said the move was necessitated by changes in the neighborhood brought about by development of a new station as part of the Mid-Coast Trolley extension project. The garden supplies retailer operates 32 California stores, including seven in San Diego County.

By Lou Hirsh June 22, 2017 1:23 p.m. share »
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NYC’s Past Will Have Presence in Gaslamp

The eating and drinking lineup in downtown’s always-evolving Gaslamp Quarter is about to get a splashy new arrival, helmed by six veterans of San Diego’s hospitality scene. A multistory, 7,800-square foot venue called Queensborough — a 1920s-style cocktail bar, lounge and restaurant named for the New York City borough — will open in July in the space that formerly housed Maloney’s Tavern for 25 years at 777 Fifth Ave.

By Lou Hirsh June 22, 2017 1:20 p.m. share »
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Major Reconfiguration in the Works for UCSD Main Campus

Within the next six years, University of California, San Diego as it’s now known to visitors could be looking very different. Construction should be getting in gear starting next summer for what’s expected to be a major, long-range reconfiguration of the main campus in La Jolla.

By Lou Hirsh June 22, 2017 1:19 p.m. share »
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Rosetta Joins Kilroy Realty as Chief Investment Officer

Steve Rosetta, who most recently served as a San Diego-based vice chairman and Global Advisory Board member at brokerage firm Cushman & Wakefield, has joined Kilroy Realty Corp. as executive vice president and chief investment officer.

By Lou Hirsh June 21, 2017 4:24 p.m. share »
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San Diego Firm Buys Vista Apartment Property for $134 Million

An affiliate of San Diego-based MG Properties Group has acquired the 410-unit Alexan Melrose apartment community in Vista for $134 million, according to CoStar Group and brokerage firm Holliday Fenoglio Fowler LP (HFF).

By Lou Hirsh June 21, 2017 11:44 a.m. share »

Port, Chula Vista Officials Approve Development of Convention Hotel

Port district and Chula Vista city leaders have approved a resolution calling for the development of a $969.3 million, 1,450-room convention hotel project, deemed the lynchpin for long-sought commercial development of the Chula Vista bayfront.

By Lou Hirsh June 20, 2017 4:56 p.m. share »
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Oceanside Apartments Sold for $3.7 Million

Encinitas-based SJR Real Estate Holdings LLC has acquired a two-building Oceanside apartment property totaling 11 units for $3.7 million, according to brokerage firm Palma Commercial.

By Lou Hirsh June 20, 2017 2:56 p.m. share »
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City Council Rejects Special Election for SoccerCity Project

San Diego City Council has voted 5-4 to defer the proposed SoccerCity mixed-use development to the November 2018 general election, despite pleadings from project supporters that a vote was needed this year in order to meet timelines for delivering a pro soccer franchise to the city.

By Lou Hirsh June 20, 2017 10:37 a.m. share »
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Nature’s Beauty Is Your Constant Companion on This Property

The family-friendly town of Ramona in the heart of San Diego County is well-known for its miles of hiking, biking and equestrian trails. But in the past decade or so, Ramona has also established itself as a destination for wine lovers.

By Stephanie Glidden June 19, 2017 3:46 p.m. share »
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We’re No. 9…We’re No. 9

When it comes to industry clout, San Diego ranks No. 9 among the top 25 U.S. “Tech Cities.” Brokerage firm Cushman & Wakefield’s inaugural tracking report on the sector is based on factors such as real estate and housing costs, educated workforce, capital availability and job growth prospects.

By Lou Hirsh June 19, 2017 3:35 p.m. share »
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L.A. Investor Buys Center; The Food Just Keeps Coming

Investor Brittanya McCall Razavi of Los Angeles is the new owner of the historic Heritage Square retail center in downtown Fallbrook, after acquiring the property at 507 S. Main Ave. and 110-122 W. Beech St. for approximately $1.37 million. According to Lee & Associates, whose brokers Al Apuzzo, Patrick Miller and Matt Weaver represented seller Heritage Square Investments, the buyer plans to hold the 7,884-square-foot property for future development.

By Lou Hirsh June 19, 2017 3:34 p.m. share »
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Upscale Retail Will Be at Home In UTC’s $600M Expansion

As other local observers have pointed out, the oft-repeated mantra about U.S. retail — “the mall is dead” — has never really applied to the San Diego market.

By Lou Hirsh June 19, 2017 3:33 p.m. share »
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Major Reconfiguration in the Works for UCSD Main Campus

Six years from now, the main La Jolla campus of University of California, San Diego could be looking very different from what currently greets its students, staff and visitors.

By Lou Hirsh June 19, 2017 3:20 p.m. share »