San Diego Business Journal


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

Bigger Budget Approved for Park Planned at Horton Plaza

Not much has happened at the site of the former Robinsons-May building since it was torn down more than a year ago to make way for a new downtown public square park at Horton Plaza.

Something for Everyone

PROPERTY: Varied Office, Industrial Markets Give Tenants Options

Trends like the comeback of San Diego’s downtown urban core, along with rising space demand fueled by the booming craft beer industry, contributed to continuing improvement in the region’s office and industrial real estate markets in the first half of 2014.

Find the Perfect View for Watching Downtown Luxury Develop

For this column, my goal was to get a true picture of the current market for high-end real estate downtown and to find out what it’s like to live in a thriving metropolis. The best way to do this is to talk to a real estate agent who has lived and worked in downtown for some time.

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BioMed Realty Signs Tenant Bristol-Myers to Additional Space and Lease Extension

Bristol-Myers Squibb has signed a 10-year lease with San Diego-based BioMed Realty Trust Inc. for about 61,000 square feet of additional laboratory and office space at BioMed’s Woodside Technology Park, a life science industry campus in Redwood City.

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Realty Income Reports Gains in Revenue, Income for Second Quarter

Escondido-based Realty Income Corp. saw revenue rise 22.6 percent from a year ago in its second quarter ending June 30, reaching $228.6 million.

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National City Apartment Building Sells for $9.8 Million

M&L Financial Co. XXXI of Newhall has purchased the 151-unit Golden Paradise senior apartment building in National City for $9.8 million, according to CoStar Group and public data.

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San Diego Building Housing Rite Aid Sells for $7.1 Million

B3 Black Mountain LLC of San Diego has acquired a Rancho Penasquitos retail building housing a Rite Aid drugstore for approximately $7.1 million, according to CoStar Group and public data.

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El Cajon Industrial Property Sells for $5.7 Million

Propco LP of Solana Beach has purchased a 70,713-square foot industrial park in El Cajon for approximately $5.7 million, according to brokerage company Cassidy Turley.

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Green Flash Brewing to Distribute in Europe, Expand to Poway

The local brewer signed a $1.28 million, 10-year lease for an industrial building to expand capacity.

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Sudberry Adds Electric Vehicle Charging Stations at Civita Development

The charging stations provide 12 to 25 miles of charge per hour.

CHW Launches Online Financial Counseling for Hopeful Low- and Moderate-Income Homebuyers

The service, called E-asy Account, uses real-time consumer data to help clients set realistic financial goals.

San Diego City Council Committee Delays Vote on Linkage Fee Plan

A San Diego City Council committee has voted to postpone action on a proposed compromise plan regarding commercial development linkage fees.

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Dempsey Completes $1.2M Pavilion at Art Institute

Dempsey Construction Inc. of Carlsbad recently completed a new $1.2 million education pavilion at Lux Art Institute in Encinitas.

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Kleinfelder Sees Downtown as Central Place to Expand Globally

ENGINEERING: Access To Work And Workers a Key Driver in Co.’s Strategy

The increasingly overlapping worlds of energy, transportation and the environment figure into the business expansion plans of San Diego-based Kleinfelder Inc., and they were also a factor in the recent move of its headquarters to downtown San Diego.

Proposed Linkage Fees Would Double Levy

PROPERTY: All Sides See Need For Affordable Housing Solutions

Affordable-housing advocates and the business community have worked out a compromise Version 2.0 of a controversial plan to boost so-called linkage fees geared toward commercial development projects in the city of San Diego.