San Diego Business Journal

SD REAL ESTATE

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

Why Mission Valley Stadium Site Looks Better 12 Years Later

DEVELOPMENT: Politics Might Align With Nearby Projects

Two members of the Citizens’ Stadium Advisory Group, each of whom is an expert on land-use or construction matters, say they’re confident that Mission Valley will be the place that ultimately keeps the San Diego Chargers in town if the financing is right.

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San Diego Apartment Properties Sold for $12.7M

An affiliate of Newport Beach-based WLA Investments Inc. has purchased a three-property portfolio of San Diego apartment properties for approximately $12.7 million, according to CoStar Group and public data.

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San Diego Business Park Sells for $4 Million

Rio San Diego LLC has purchased the Mission Gorge Business Park industrial and office property in San Diego for approximately $4 million, according to brokerage firm ECP Commercial.

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Solana Beach Firm Buys 2 Nevada Hotels for $20 Million

Solstar Investments LLC of Solana Beach has acquired the 120-room Marriott SpringHill Suites and 108-room Marriott TownePlace Suites hotels in Henderson, Nev., for a total of $20 million, according to Nevada public records.

San Diego Firms Buy Arizona Hotels for $8.65 Million

Hospitality management and consulting firm R.A. Rauch & Associates Inc. and investment firm PacVentures Inc., both of San Diego, recently acquired two Arizona hotel properties for a total of $8.65 million, the companies announced.

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Carlsbad Firm Buys Two Local Retail Centers for $10.8 Million

Investment firm Capstone Advisors has purchased retail centers in San Diego and Poway in separate transactions for a total of $10.8 million, the Carlsbad-based company announced.

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Mission Valley Hilton Completes $12 Million Renovation

Operators recently completed a $12 million renovation of the Hilton San Diego Mission Valley hotel, with a new outdoor event deck and pool area expected to open this spring.

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La Mesa Townhomes Sold for $2.88 Million

Munther and Jawan Jarjes Gorial of San Diego recently acquired Helix Manor Townhomes, a 16-unit multifamily property in La Mesa, for approximately $2.88 million, according to brokerage company Colliers International.

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El Cajon Apartment Property Purchased for $4.96 Million

Vincent and Donna Ivicevic of San Diego recently acquired a 38-unit apartment property in El Cajon for $4.96 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

Report: Apartment Industry Has $11.9 Billion Local Impact

The San Diego metro area’s apartment industry had an $11.9 billion economic impact in 2013, including supporting more than 111,000 jobs, according to a recent report by two industry advocacy groups.

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Poway Industrial Building Sells for $4.5 Million

An entity recorded as Kirkham Pacific LLC of San Diego has purchased a Poway industrial building for $4.5 million, according to CoStar Group and public data.

Kidder Mathews Acquires StepStone Real Estate

PROPERTY: Firm Expanding After Recent Entrance to S.D. Market

Commercial real estate services provider Kidder Mathews has acquired StepStone Real Estate Services, a San Diego-based asset and property management firm, for an undisclosed price.

North County Clusters Spur Property Demand

REAL ESTATE: Health Care, Other Sectors Seek Out Space

Growth in North County’s key “cluster” industries — including health care, biotech, clean-tech and sports-related lifestyle companies — is creating jobs, and also raising demand for commercial real estate space.

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Imperial Beach Apartments Sold for $4.5 Million

IB Villas LLC of Del Mar has purchased the 33-unit Stuart Manor apartment property in Imperial Beach for $4.5 million, according to brokerage company Berkadia.

Excel Trust Sells Arizona Office Property for $65 Million

San Diego-based Excel Trust Inc. has sold the two-building Promenade Corporate Center office property in Scottsdale, Ariz., for $65 million, according to Arizona public data.