San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Realty Income Conducts $450 Million Stock Offering

Realty Income Corp. is expected to close Oct. 7 on a public offering of common stock with net proceeds of approximately $450 million, the San Diego-based company announced.

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Los Angeles Firm Buys Carlsbad Apartments for $112 Million

Decron Properties Corp. has acquired the 450-unit Eaves Carlsbad apartments in Carlsbad for $112 million, the Los Angeles-based company announced.

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Best Buy, Grace Digital Take New Spaces at Poway Business Park

Retailer Best Buy and consumer electronics company Grace Digital have taken spaces at two newly completed buildings at Poway Corporate Center, after signing leases valued at a total of more than $5.1 million, according to locally based developer Techbilt Companies.

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Mission Valley Office Building Sold for $5.5 Million

An entity recorded as Jim D. Petropoulos Revocable Trust has purchased a Mission Valley office building for $5.5 million, according to brokerage company Colliers International.

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La Jolla Planning Group Approves $65 Million Performing Arts Center

The city of San Diego’s La Jolla Community Planning Association recently approved plans for the proposed $65 million Conrad Prebys Performing Arts Center, being developed by the La Jolla Music Society.

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Sorrento Mesa Industrial Park Sells for $90M

An affiliate of New York-based Clarion Partners has acquired the five-building Pacific Technology Park in Sorrento Mesa for $90 million, according to CoStar Group and public data.

Community HousingWorks Spins Off Home Buying Programs

Community HousingWorks (CHW), a nonprofit organization based in San Diego dedicated to helping people find home stability, has spun off its home buying programs and transferred them to Springboard, a national consumer financial services nonprofit.

Office Building Groundbreaking to Get Makers Quarter Started

PROPERTY: East Village Mixed-Use Project Would Cost $1B Fully Built-Out

After moving in slow fits and starts since it was announced in 2013, developers now say that the mixed-use, multiblock Makers Quarter in East Village should see its first significant groundbreakings within the next six months.

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Downtown View

PROPERTY: A Project and A Purchase Turn Developer’s Attention Back to City’s Center

Nearly 35 years after he built his earliest office and hospitality projects in downtown San Diego, including the region’s first high-rise waterfront hotel, Douglas Manchester’s primary development focus is now returning to that neighborhood.

Groundbreaking Takes Place for 635-Unit Community in Carlsbad

Presidio Residential Capital and Cornerstone Communities broke ground Sept. 28 on a 635-unit community in northeast Carlsbad, the San Diego-based real estate investment firm and developer said.

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Scripps Ranch Retail Property Sells for $20.45 Million

An entity recorded as Villa Ruchello LLC of Santa Barbara has acquired Scripps Ranch Marketplace Phase II retail center in San Diego for $20.45 million, according to brokerage firm CBRE Group Inc. and public data.

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Westcore Buys Southern California Industrial Portfolio for $69.4 Million

San Diego-based Westcore Properties has acquired a Southern California industrial portfolio from a real estate investment arm of MetLife for $69.4 million.

San Diego Home Price Gains Beat National Average, Index Shows

San Diego’s home prices rose 5.4 percent in the year ending in July 2015, according to an index measuring housing prices, edging out the national growth rate and recording some of the strongest long-term growth in the country.

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Discount Retailer Opens New Store in National City

Pleasanton-based retailer dd’s Discounts recently opened a new store in National City, marking its seventh location in San Diego County.

Carlsbad Lagoon Project Opponents Submit More than 9,000 Signatures

Carlsbad opponents of a controversial lagoon-adjacent development have delivered referendum petitions with 9,074 signatures to the city clerk, in a bid to have City Council’s recent approval of the project overturned or placed before voters.