La Mesa Apartment Property Sells for $5.92 Million

Noel Family Trust of San Diego has purchased a 13-unit apartment property in La Mesa for approximately $5.92 million.

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San Diego Ranks Fourth for Summer Airbnb Stays

San Diego was the nation’s fourth-busiest city for short-term stays booked through Airbnb during the summer of 2017, the San Francisco-based company reported.

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Irvine Co. Enters Del Mar Heights Office Market with Two-Building Purchase

Irvine Co. of Newport Beach has acquired the two-building Township 14 office property in Del Mar Heights, marking its first acquisition in that submarket of San Diego’s Carmel Valley.

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Retail Keeps Rolling Along

Retailer Target Corp. has set a Nov. 8 opening date for its previously announced new store in Oceanside, filling a renovated space that formerly housed a Kmart at 443 College Blvd near state Route 76. Target recently held local hiring fairs to fill an expected 160 job slots at the store, which will be the retailer’s 22nd in San Diego County.

Immigration Reform: What’s the Real Estate Impact?

Recent debate over the fate of the nation’s Deferred Action for Child Arrivals (DACA) program has renewed discussions over the potential impacts that Trump administration immigration policies will have on sectors including commercial real estate and construction.

A Home for Special Ops, More Homes in Little Italy

The Honor Foundation, a local nonprofit that provides transitional services for Navy SEALs and others in the U.S. military’s Special Operations community, recently broke ground on a new 8,000-square-foot headquarters facility in Sorrento Valley. The site at 11055 Roselle St. was donated by property owner Alexandria Real Estate Equities Inc., among the local region’s largest holders of life science and related properties.

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Amazon Expanding Local Offices, But Is More in Store?

E-commerce giant Amazon Inc. really likes San Diego, recently adding to its already growing presence by leasing more than 100,000 square feet of office space at University Towne Center.

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Spec Office-Industrial Redevelopment Underway in Kearny Mesa

Building owner LBA Realty of Irvine is redeveloping a Kearny Mesa property it acquired in December 2016 into a new speculative office and industrial campus, according to brokerage firm CBRE Group Inc.

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Kearny Mesa Apartments Sold for $136.5 Million

Fort Worth, Texas-based Olympus Property, in a partnership with Artemis Real Estate Partners of Washington, D.C., has purchased the 360-unit Broadstone Corsair apartments in Kearny Mesa for $136 million, the buyers announced.

Cargo Services Provider Atlas Expanding Otay Mesa Operations

San Diego-based Atlas Freight Forwarding Inc. plans to expand its local operations, after leasing a nearly 100,000-square-foot industrial distribution suite in Otay Mesa.

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Turner Construction, SVA Architects Begin Design of San Ysidro Library

Design of the long-awaited new San Ysidro Public Library is underway, announced Turner Construction Co. and SVA Architects Inc., which have teamed up on the $10.3 million project.

Westcore Buys Antioch Distribution Facility for $32.4 Million

San Diego-based Westcore Properties has acquired an industrial building in the Bay Area city of Antioch for $32.4 million, the company announced.

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UTC Medical Office Campus Sold for $97 Million

A partnership that includes Virginia-based Anchor Health Properties and Washington, D.C.-based The Carlyle Group has acquired a two-building medical office campus in University Towne Center for $97 million, according to CoStar Group and public data.

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City Heights Apartments Sold for $2.14M

Investors Frank Gomez and Catalina Amuedo-Dorantes of San Diego have acquired a nine-unit apartment property in the City Heights neighborhood for $2.14 million, according to brokerage firm Apartment Advisors Inc.

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