San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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San Diego Firm Buys Phoenix Office Tower for $93.75 Million

Parallel Capital Partners Inc. of San Diego has acquired the 20-story One North Central office tower in downtown Phoenix for $93.75 million, the company announced.

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Hospital Design’s Healing Power Changes The Relationship of Architecture and Medicine

An increasing number of architects are employing a new approach to building hospitals, combining evidence-based research in neuroscience with architectural design to promote health and healing.

One Guess as to Where This Big Mixed-Use Project Is Planned for?

New development projects just keep on coming in downtown San Diego, especially in the red-hot East Village neighborhood. Among the latest being considered is a proposal by Lennar Multifamily Communities LLC for a two-building, mixed-use development with 368 residential units planned for a site at 460 16th St.

Remodeling Firm Purchases Kearny Mesa Building for $2.62 Million

Buyer Todd Jackson, who operates a local home remodeling company, plans to expand into a Kearny Mesa industrial building that he recently acquired for $2.62 million.

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San Diego Apartment Property Sold for $9.65M

A buyer recorded as 3635 College Ave LLC recently acquired the 98-unit Park Grove Apartments in San Diego’s College Area for $9.65 million, according to brokerage company Colliers International.

Mission Valley Looks To Plan for Its Future

PROPERTY: Big Projects Coming to Booming Area

The city of San Diego has scheduled a June 30 public meeting that will formally kick off the long-delayed process of updating the Mission Valley community plan, which hasn’t been significantly revised in 30 years.

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San Francisco Firm Buys Escondido Apartments for $2.06 Million

Vista International Inc. of San Francisco has purchased the 18-unit Southwinds Apartments in Escondido for approximately $2.06 million, according to CoStar Group and brokerage companies that handled the transaction.

Chula Vista Apartment Property Acquired for $2.1 Million

Locally based Muraoka Enterprises LLC recently purchased the 12-unit Oxford Villas apartment property in Chula Vista for $2.1 million, according to brokerage company ACI Apartments Inc.

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Company Buys Downtown Retail Property for $4.5 Million

PREF Atria LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has purchased the retail portion of downtown’s Atria Building for $4.5 million, the company announced.

Number of Homes With Negative Equity Continues to Decline

The number of underwater San Diego homes, with owners owing more in mortgages than the homes were worth, fell by about 13,000 to 44,854 in the last year, according to a report released Tuesday by CoreLogic.

Local REIT Buys Parking Facilities for $36 Million

San Diego-based MVP REIT Inc. has purchased five parking facilities in four states for a total of $36 million, the real estate investment trust announced.

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Escondido Apartment Property Sells for $2.04 Million

A buyer recorded as 3rd & Maple LLC of San Diego has acquired a 16-unit apartment property in Escondido for $2.04 million, according to CoStar Group and public data.

Developer Proposes Large Mixed-Use Project in Mira Mesa

San Diego’s Mira Mesa community planning group is reviewing revised plans submitted by developers for Stone Creek, a proposed 293-acre mixed-use project that includes approximately 4,500 apartments and condos.

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Downtown Office Properties Sold for $44 Million

An affiliate of San Diego-based Cisterra Partners LLC has purchased two downtown office buildings for a total of $44 million, according to CoStar Group and public data.

NoteVault Fills New Chief Commercial Officer Position, Names New COO

NoteVault Inc, a San Diego-based provider of mobile reporting solutions for the engineering and construction industries, announced the creation of its chief commercial officer position in order to better support the company’s expansion plans and continued growth.