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Besides the usual suspects — development fees, high land costs and cumbersome approval processes — San Diego County has big problems with mismatches when it comes to battling its housing affordability problems.
Hammer Ventures of San Diego has purchased the downtown office tower known as The Executive Complex for $54.4 million, according to CoStar Group and public data.
Locally based NP Ventures LLC and Sucato Family Trust have purchased a portfolio of four San Diego apartment properties for a total of approximately $8.66 million, according to brokerage firm Colliers International Group Inc.
CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.
PROPERTY: Port District Releases 6 Proposals
Since 1980, visitors have gone for simple pleasures like the child-friendly carousel at Seaport Village.
An affiliate of Santa Monica-based Watt Communities Inc. has purchased an 18-acre Santee land parcel for $9.55 million, with plans to build new single-family homes, according to CoStar Group and public data.
Kuhio Partnership of Temecula has purchased a 17-unit apartment property in Carlsbad for $4.1 million, according to brokerage firm Marcus & Millichap.
MVP REIT Inc. and MVP REIT II Inc., San Diego-headquartered investment firms focused on parking structures and facilities, have engaged an investment banking firm to advise them on potential future actions including stock offerings and capital raises.
A Chula Vista buyer recorded as MAAC President John Adams Manor LLC has acquired a 300-unit apartment property in San Diego’s Oak Park neighborhood for approximately $9.3 million, according to CoStar Group and public data.
The Unified Port of San Diego has released six proposals for developments targeting 70 acres of prime downtown San Diego waterfront property, including the current site of the iconic Seaport Village.
“One of the best locations on Earth” is what the original owner said of a home in the Coronado Cays development to Jay Becker, a Realtor with Pacific Sotheby’s International Realty.
Architectural Style Often Takes Back Seat to Practical And Price Considerations, Creating Buildings That Blend in Rather Than Stand Out
Increased focus on volume, cost and function over style and appeal has led to a less regionalized architectural style in San Diego and other cities.
Experts at a University of San Diego conference said the local region’s housing affordability problem is worsening, sparked in part by chronic mismatches – between the number and types of homes being built and what’s in demand, and between where people live and where the jobs are, among other imbalances.
Two San Diego apartment properties recently got new owners, including a 13-unit Bankers Hill property that sold for approximately $3.89 million, according to brokerage firm Marcus & Millichap.
Operators have completed a $2 million renovation of The Stanley, a 26-unit apartment property in San Diego’s South Park neighborhood.