San Diego Business Journal

SD REAL ESTATE

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

Majority of Region's Businesses Say Housing Costs Are Too Expensive

More than 90 percent of San Diego-area businesses believe the region’s housing has become too expensive, and most think more residences should be built, according to survey results released Wednesday.

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County’s Hotel Property Deal Volume Declined in First Half

San Diego County’s hotel property transaction volume declined 38 percent from a year ago in the first half of 2016, with the dollar volume down 65 percent, according to a recent mid-year report by brokerage and consulting firm Atlas Hospitality Group.

eSUB Construction Software Hires Chief Technology Officer

eSUB Construction Software, a San Diego software-as-a-service company that offers subcontractors a mobile platform for project management, recently announced it has hired a new CTO.

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Barracks to be Converted into $20M Hotel at Liberty Station

San Diego-based McMillin LLC and Untitled Hospitality plan to develop a new arts-themed, $20 million hotel called The Barracks Hotel, using historic buildings at Liberty Station in Point Loma.

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Owner Begins $6.6 Million Renovation of Aventine Office Building

Owner Rockpoint Group has begun a $6.6 million renovation of its Aventine office building at University Towne Center, following its 2015 purchase of the building at 8910 University Center Lane.

Developer Plans $13.5M Industrial Park in Escondido After Land Purchase

San Diego-based Badiee Development Inc. has purchased a 4.87-acre parcel in Escondido, with plans to build a new $13.5 million industrial park.

Contractor Awarded $9.7M Navy Contract

The U.S. Navy awarded A&D General Contracting Inc. a $9.7 million task order to build a combat service support facility at Marine Corps Base Camp Pendleton.

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Angels Won’t Take Flight to OliverMcMillan Site in Tustin

San Diego developer OliverMcMillan and team officials have apparently struck out in efforts to bring the Los Angeles Angels to the developer’s proposed Tustin Legacy project in Orange County, according to published reports.

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Work begins on $100 Million Residential Community in San Marcos

The Southern California division of homebuilder Brookfield Residential has begun grading and land development work on Rancho Tesoro, a new $100 million master-planned community in San Marcos.

BNBuilders Gets $2.7 Million Contract for Hall of Justice Renovation

The San Diego office of general contractor BNBuilders has been awarded a $2.7 million contract for a renovation of San Diego County’s Hall of Justice, the downtown location of the state Superior Court.

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Punch Bowl Social Rolls Into East Village With Retro Concept

The northeastern quadrant of downtown San Diego’s East Village — a.k.a. the I.D.E.A. District — continues to attract new projects and tenants aiming to make people forget that neighborhood’s long history as a faded hub for under-used warehouses and auto repair lots.

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Seize The Momentum

Hot Spots Heat Up Commercial Markets, But Caution Is in the Air Despite Fairly Solid Forecast

In their recent twice-yearly survey gauging California commercial real estate sentiment, researchers at UCLA Anderson Forecast and the law firm Allen Matkins found investors and developers generally bullish on their prospects through 2019 — even if some expressed a twinge of caution about a coming “topping out” in optimism related to the office and retail markets.

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Local Investor Buys Arizona Medical Office Building for $2.35 Million

San Diego-based GLP Properties LP has purchased a medical office building in Mesa, Ariz., for $2.35 million, according to brokerage firm Lee & Associates.

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Point Loma Apartments Acquired for $90 Million

Chicago-based JLL Income Property Trust, an institutionally managed real estate investment trust, announced that it has purchased a new 180-unit San Diego apartment community for approximately $90 million.

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San Diego Apartments Sold for $2.09 Million

Investor Eileen Wang of San Diego, recorded as Prism Real Estate Investments LLC, has purchased an eight-unit apartment property in San Diego’s Talmadge neighborhood for approximately $2.09 million, according to brokerage firms Apartment Consultants Inc. (ACI) and ACRE Investment Real Estate Services.