San Diego Business Journal

SD REAL ESTATE

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
Tease photo

House Gives Buyer a Chance to ‘Make History’ or Just Enjoy It

The seaside resort town of Del Mar is just 1.8 square miles, but within its boundaries are some of the most architecturally significant and interesting homes in San Diego County.

Tease photo

The Shoppes’ Multipurpose Makeover Is About People Pleasing

After years of delays and ownership changes, it appears that the long-fading mall in northern Carlsbad, known as Plaza Camino Real when it opened nearly a half-century ago, is ready to benefit from an extensive renovation.

Renovations Dominate Commercial Projects

CONSTRUCTION: Value Is Trending Above 2015

Converting older non-residential buildings for new and updated uses makes up more than three-quarters of the work being done these days by busy San Diego construction firms like Jaime Partners, and industry observers say those kinds of projects present further growth opportunities for local contractors in 2017 and beyond.

Tease photo

Crowne Plaza Hanalei Hotel in Mission Valley Gets New Owner

A private client of Irvine-based Brighton Management has purchased the 419-room Crowne Plaza Hanalei hotel in Mission Valley for an undisclosed price, according to brokerage firm CBRE Group Inc.

Tease photo

CBRE to Relocate Main San Diego Office to Westfield UTC

Commercial real estate services firm CBRE Group Inc. plans to move its central San Diego office in University Towne Center to the Westfield UTC mall, which is currently undergoing a $585 million renovation and expansion by owner Westfield Corp.

Tease photo

Sorrento Mesa Industrial-Office Property Sells for $7 Million

A San Diego buyer recorded as Rodney R. Starkey A Trust has acquired a Sorrento Mesa industrial building for $7 million, according to brokerage firm Marcus & Millichap.

Quartus Engineering Relocates Its Headquarters, Manufacturing Space to New Facility in UTC

San Diego-based engineering and manufacturing firm Quartus Engineering Inc., which works with the aerospace, defense and optical industries, recently relocated its corporate headquarters, offices and manufacturing space to a new 47,000-square-foot facility in University Towne Center.

Tease photo

County’s Construction Starts Rise 29% in First 10 Months of 2016

The value of San Diego County’s construction starts rose 29 percent from a year ago in the first 10 months of 2016, topping $3.61 billion, according to the latest monthly figures from Dodge Data & Analytics.

Tease photo

Innovative Industrial Properties Begins Selling Stock Shares

San Diego-based Innovative Industrial Properties Inc., a new investment company focused on medical-use cannabis facilities, plans a Dec. 6 close on a $67 million initial public offering of common stock that began on Dec. 1.

Tease photo

Second Office Building Planned After $31.3M Site Purchase in Scripps Ranch

Carlsbad-based developer Newport National Corp. has acquired a 20.9 acre site containing an office building, in San Diego’s Scripps Ranch submarket, for approximately $31.3 million, according to brokerage firm Colliers International.

Tease photo

Rancho Bernardo Office Property Housing Bel Fuse Sold for $3.5 Million

San Diego-based Sabin Holdings LLC has purchased a Rancho Bernardo office property currently housing Bel Fuse Inc. for $3.5 million, according to brokerage firm Colliers International Group Inc.

Tease photo

Vista Retail Center Owner Obtains $37 Million in Refinancing

Owner ValCenters of Newport Beach has obtained $37 million in refinancing for North County Square, a grocery-anchored retail center in Vista, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

Tease photo

Old Town Office Property to Become Hotel After $2.2 Million Purchase

San Diego-headquartered Hotel Investment Group (HIG) has acquired an Old Town office complex for $2.2 million, with plans to convert it into an extended-stay boutique hotel.

Tease photo

Three Tenants Pre-lease Space at Carlsbad Industrial Development

Developer RAF Pacifica Group has signed three tenants at a new speculative industrial project currently under construction in Carlsbad, including global hair products supplier Unite Eurotherapy.

Tease photo

Developer Pinnacle International Buys Downtown Site for $14.5 Million

Vancouver, B.C.-based Pinnacle International has acquired a redevelopment site in downtown San Diego for $14.5 million, according to brokerage firm Marcus & Millichap.