San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Marketing Firm Buys Kearny Mesa Building to House New Headquarters

San Diego-based InnoVision Marketing Group recently purchased a Kearny Mesa building, which will serve as its new headquarters.

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Office Tower Owner Emmes Adds Charging Stations at Downtown Location

Downtown office property owner Emmes Realty Services has installed and opened 30 electric vehicle charging stations in its public parking garage at 707 Broadway, which the company says is the largest concentration of publicly available chargers in San Diego.

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Chula Vista Apartment Complex Sells for $49 Million

An affiliate of Philadelphia-based Resource Real Estate has purchased the 295-unit Villages at Bonita Glen apartment complex in Chula Vista for approximately $49 million, according to CoStar Group and public data.

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Marriott Marquis Hotel Plans $7M Marina Renovation

Owner Host Hotels & Resorts Inc. has a $7 million renovation planned for the marina at its Marriott Marquis San Diego Marina hotel in downtown San Diego. Operators said the project is set to begin in the fourth quarter of 2015.

County Median Home Price Increased 5.8% in June

The median home price in San Diego County rose about 5.8 percent in June from the year before, to $476,000, as the number of homes sold increased 20 percent, to 4,467, according to data from CoreLogic.

National Investment Firms Buying into Carlsbad Office Market

The city of Carlsbad has emerged as San Diego County’s hot hub for big sales of existing office properties so far in 2015.

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Speculating On What’s Next

With Few Spec Projects Underway, Market Conditions Continue to Drive Up Tenant Costs

Halfway through 2015, San Diego County’s commercial real estate market is reaping the benefits of continued new-job creation and an unemployment rate that had dipped to 4.9 percent as of late spring, down from around 6 percent at the same point of 2014.

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Poway Industrial Property Purchased for $16.9 Million

Rexford Industrial Realty Inc. of Los Angeles has acquired a Poway industrial building for $16.9 million, the company announced.

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Zephyr Plans Mixed-use Dana Point Project after $50 Million Land Buy

San Diego-based Zephyr Partners has acquired a nine-acre parcel in Dana Point for $50 million, with plans to develop a mixed-use community on the property.

Foreclosures Down 4 Percent Over Last Year

San Diego saw 1,735 completed foreclosures in the year ending in May, down about 4 percent from 1,809 the year before, as foreclosures dropped sharply nationwide, according to data from CoreLogic.

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San Diego Apartments Sold for $2.45 Million

Imhotep Properties LLC of Rancho Palos Verdes recently purchased two contiguous seven-unit apartment buildings in San Diego’s Talmadge neighborhood for $2.45 million, according to brokerage company Marcus & Millichap Inc.

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Imperial Beach Apartment Property Sells for $8 Million

Investor Craig Knudson of San Diego has acquired the 36-unit Rancho Coronado apartment property in Imperial Beach for $8 million, according to brokerage company Marcus & Millichap Inc.

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This contemporary architectural Alpine beauty is inside the gates of the equestrian residential community of Rancho Palo Verde.

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Neustar Moving to New Irvine Company Tower at UTC

Information services technology provider Neustar Inc. has signed a lease to occupy approximately 23,000 square feet at One La Jolla Center, Irvine Company’s recently completed office tower at University Towne Center.

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Local Firm Buys Carlsbad Industrial Building for $8.75 Million

Investment firm SR Commercial of Solana Beach has purchased a Carlsbad industrial building for $8.75 million, according to brokerage company DTZ.