San Diego Business Journal

SD REAL ESTATE

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

Local Median Home Price Up 8% for the Year in June

The median price on house sold last month in San Diego was $450,000, up 2.3 percent from May, and up 8 percent from June 2013, according to Dataquick, the San Diego real estate research firm.

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Pension Fund Buys Three Carmel Valley Office Buildings for $39.2M

West Sacramento-based CalSTRS, the pension fund of the California State Teachers’ Retirement System, bought a three-building office portfolio in Carmel Valley for $39.2 million, according to CoStar Group and public data.

San Marcos High-End Real Estate Is a ‘Sweet Spot’ In the Sun

When most of us think of San Diego County luxury homes, San Marcos may not be the first community to come to mind. But think again. This sleepy city that houses the relatively new California State University, San Marcos has several pockets of magnificent luxury homes, many with the best views in the county.

Mixed-Use and Mass Transit Combine to Meet Needs of Tomorrow

DEVELOPMENT: Input Sought on Plan for Trolley Linking Downtown, UTC

As demographic groups, millennials and retirees are both making strong cases for developing dense, walkable neighborhoods along mass-transit corridors, with shopping, dining and other amenities accessible without a car trip.

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North Embarcadero Makes Changes for the Better

PROPERTY: Additional Amenities Add to Public Appeal of Waterfront Site

The ever-changing face of San Diego’s downtown waterfront, now a busy hive of construction activity, is about to see completion of its newest addition — the $31 million first phase of the North Embarcadero improvement project.

RV Park Plan Driven Away By Port Delays

PROPERTY: Car Shipping Biz Proposes Rail Line at Site

The developer of a proposed RV park next to the National City Marine Terminal notified the Port of San Diego it is no longer interested in pursuing the project.

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Course Correction

PROPERTY: Golf Facilities Face Strain Of Competition, Costs

The fate of the defunct Escondido Country Club is in the hands of that city’s voters, after supporters led by a local developer gathered enough signatures to challenge a recent City Council decision — declaring the entire 110-acre site as nondevelopment open space — on the November ballot.

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Otay Mesa Industrial Property Sold for $8.1 Million

A San Diego entity recorded as Niceride1 LLC has purchased an Otay Mesa industrial property for approximately $8.1 million, according to CoStar Group and public data.

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San Diego Office Buildings Part of $214.4 Million Portfolio Deal

Four San Diego office buildings are part of a seven-state, 37-property commercial portfolio acquired by an affiliate of Dallas-based Lone Star Funds for $214.4 million, according to CoStar Group and public data.

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Kleinfelder Acquires Canadian Engineering Firm

San Diego-based Kleinfelder Inc., which provides construction engineering and architectural services, has acquired the privately held Hood Engineering & Technical Services of Edmonton, Alberta.

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Carlsbad Office Building Sold for $26.2 Million

A San Francisco-based affiliate of New York Life Investment Management LLC has purchased the Centerpoint Plaza office building in Carlsbad for approximately $26.2 million, according to CoStar Group and public data.

County Median Price for House in June is $525,000

The median price for single family houses sold in San Diego last month rose 5 percent from May to $525,000, while the median price for condos sold here last month was unchanged at $334,500, according to the Greater San Diego Association of Realtors.

Eco Building Products to Establish Joint Venture With Canadian Co.

Eco Building Products Inc., a Vista maker of treated wood products that protect against fire and mold, said it entered into a letter of intent to establish a joint venture with Steelhead Structures, based in Canada.

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HCP Buys Torrey Pines Life Science Property for $43.7M

Property was 93 percent occupied when it was sold.

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Conatus Pharmaceuticals Moving Headquarters

Move comes after one year of being a public company.