SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
San Diego-based Cisterra Development is anticipating a June 2015 completion for the new headquarters building for Sempra Energy, currently under construction in downtown’s East Village neighborhood.
Construction is progressing on a new $43 million retirement and care community in Chula Vista, being built by St. Paul’s Senior Homes & Services.
BioMed Realty Trust Inc. recently launched a new mobile application geared to informing tenants and brokers about potential development at its life science properties in San Diego and three other markets.
A Dallas-based firm has purchased the La Costa Town Center shopping center in Carlsbad for $31.6 million.
The median priced house in San Diego County in September cost $445,000, down 0.78 percent from the median priced house in August, according to the latest CoreLogic Dataquick residential report.
An Oceanside retail building housing a Midas auto repair shop has been sold for approximately $6 million, according to CoStar Group and public data.
On the far eastern edge of Rancho Santa Fe is the community of Cielo.
PROPERTY: Barriers To Entry Are Keeping New Construction Sparse
Growing payrolls and a steady influx of tourists have brought full recovery to San Diego County’s retail industry, though the region is still about a year away from pre-recession sales highs reached at stores and restaurants, according to a recent third-quarter report by the brokerage company Marcus & Millichap Inc.
DEVELOPMENT: Firms Say Belated Changes Will Save Time and Money
Facing a rising tide of new development projects heading through the pipeline, the City of San Diego has taken steps to streamline its processing of project permits and plans, moving a large portion of operations online.
A partnership that includes Arc Capital Partners LLC of Los Angeles, Baltimore-based Alex. Brown Realty Inc. and New Standard Equities of Encino has purchased a 132-unit apartment property in San Diego’s North Park neighborhood.
San Diego ranks 24th among the world’s 25 largest markets for commercial property investment dollar volume, according to a report by brokerage company Cushman & Wakefield Inc.
The median price for a single family house in San Diego remained unchanged in September from August at $510,000. The price was about 5 percent above the median in September 2013, according to the Greater San Diego Association of Realtors.
New York-based RREEF Property Trust Inc. has purchased a Chula Vista property housing two big-box retailers for $21.9 million, according to CoStar Group and public data.
Encinitas-based developer The Robert Green Co. and Montage Hotels & Resorts of Laguna Beach have begun construction on Pendry San Diego, a new 317-room luxury hotel in downtown San Diego’s Gaslamp Quarter.
Cohn Restaurant Group of San Diego has broken ground on a new restaurant at Harbor Island, with an expected development cost of at least $10 million and set for a spring 2015 opening.