SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
The San Diego City Attorney’s Office has released a project labor agreement tied to the planned $520 million expansion of the San Diego Convention Center, after a local coalition supporting nonunion contractors filed a lawsuit to make details public.
Mortgage Master, a Massachusetts-based mortgage bank, said it plans to expand its current La Jolla office.
Nationally known local architect Graham Downes has died at age 55, as a result of injuries sustained in an altercation at his Bankers Hill home, according to a statement from his San Diego-based firm, Graham Downes Architecture Inc.
A $186.5 million loan backing the Park Hyatt Aviara in Carlsbad has been placed back in special servicing because of a payment default by the borrower.
PROPERTY: Area’s Popularity Increasing With Various Firms
Mayor Bob Filner recently appointed Jason Hughes, who heads the local brokerage firm Hughes Marino Inc., to advise the City of San Diego on a volunteer basis as it decides what to do with a half-million square feet of downtown office leases set to expire in the next few months.
REAL ESTATE: Vacancy Rate for Sector Is at Lowest Level Since Mid-2011
Improving fundamentals in San Diego County’s industrial property market are piquing the interest of locally based investors like SR Commercial, as vacancy rates in that sector continue to head downward.
Real Estate Column
A Denver-based investment firm has purchased a La Jolla apartment community located on a site with ties to San Diego’s history.
PROPERTY: Lower Rents, New Highway Are Area’s Pluses
Locally based Murphy Development Co., already the largest developer of industrial properties in Otay Mesa, is increasing its bet on that region’s long-term economic prospects by starting work on its fourth South County industrial project, a $300 million development known as Brown Field Technology Park.
PROPERTY: Market Forces Said to Be at Play, Not an Overheating
San Diego’s housing market is clearly heating up with increases in median home prices in the past year at double-digit rates, giving rise to concerns that another bubble could be in the works.
REAL ESTATE: Company Boosts Portfolio With New $640M Acquisition
Leaders of BioMed Realty Trust Inc. note that the company’s recently announced $640 million acquisition of a life-sciences property portfolio, currently held by Wexford Science & Technology LLC of Baltimore, underscores two key aspects of a growth strategy that has actually been in place for some time.
PROPERTY: REIT Sets Goal of $200M In 2013Acquisitions
Excel Trust Inc.’s growth strategy for 2013 includes standing by the acquisition priorities that helped it significantly expand its business base since becoming a public company in April 2010.
News and notes from communities around San Diego County
Tarzana-based Mollison 150 Enterprises LP has purchased the 150-unit Bella Vista Apartments in El Cajon for $12 million.
Projects, developments and other activity in cities in and around San Diego County
Heritage on Ivanhoe is a community of new homes ranging from 2,103 to 3,032 square feet. The homes were released for sale in February and twelve of the fourteen homes released are now in escrow. The two remaining homes at Heritage on Ivanhoe are priced at $1,395,000.
Property: Limited Space Options Draw National, Local Investors
Continued recovery in San Diego County’s office market is catching the attention of local and national investors, with the first quarter of 2013 witnessing a string of high-profile property acquisitions and leasings.
PROPERTY: Terramar Sees Drawing Power of Good Food
Carlsbad-based Terramar Retail Centers has at least two notable restaurant tenants lined up for its $40 million project in downtown San Diego, known as “The Headquarters,” and is targeting an October opening at the renovated former police headquarters building.