San Diego Business Journal


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

John Roshala Promoted to Chief Revenue Officer at NoteVault

NoteVault said Oct. 11 that it promoted John Roshala to chief revenue officer.

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Alexandria Buys Torrey Pines Life Science Campus for $182.5 Million

An affiliate of Pasadena-headquartered Alexandria Real Estate Equities Inc. has purchased the three-building Torrey Ridge Science Center office and lab campus in San Diego for $182.5 million, according to brokerage firm CBRE Group Inc.

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Lakeside Apartment Property Sells for $2.05 Million

San Diego-based KA Real Estate LLC has purchased an 11-unit apartment complex in Lakeside for $2.05 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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ClosingCorp Names Bob Jennings CEO

Bob Jennings is the new CEO of ClosingCorp, a provider of real estate closing cost data and technology for the real estate industry, the San Diego company announced Wednesday.

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Point Loma Mixed-Use Property Sells for $2.19 Million

San Diego-based Fig Tree LLC has acquired a mixed-use retail and office property in Point Loma for approximately $2.19 million, according to brokerage firm The Franco Realty Group.

Apartment Investment Brokerage Firm Entering San Diego County Market

Phoenix-based brokerage and advisory firm ABI Multifamily plans to open a new San Diego regional office in Encinitas, with a debut tentatively set for Oct. 20.

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Spring Valley Apartment Property Sold for $26 Million

A San Diego-based joint venture, which includes Stratford Partners and LLJ Ventures, has purchased a 128-unit apartment community in Spring Valley for $26 million, according to brokerage firm Marcus & Millichap.

Parking-Focused Investment Trusts Obtain $30M Credit Facility

San Diego-headquartered MVP REIT Inc. and MVP REIT II Inc. have entered into a credit agreement with KeyBank National Association for a $30 million revolving credit facility, with expansion options to increase the amount up to $100 million.

City Council Approves Plan for Additional Tower at Sharp Chula Vista Medical Center

Sharp HealthCare has won local approval of its plans for a new, seven-floor hospital tower at its existing medical center in Chula Vista.

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National City Apartments Sold for $3.2 Million

San Diego County Ventures LLC of Huntington Beach has acquired a 20-unit apartment property in National City for $3.2 million, according to brokerage firm SVN Asset Advisory Group.

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Apartment Property Sells for $4.6 Million

Waltz Family Trust of San Diego has purchased a 31-unit apartment property in San Ysidro for $4.6 million, according to brokerage firm Marcus & Millichap.

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Golf Shaft Maker Aldila Leases Industrial Space in Carlsbad

Poway-based Aldila Inc., which makes and markets graphite golf shafts, plans to occupy more than 25,000 square feet in Carlsbad after signing a $2.3 million industrial lease, according to brokerage firm Lee & Associates.

40th Annual Orchids and Onions Awards Set for Oct. 13

More than 160 entries have been submitted for the San Diego Architectural Foundation’s 40th annual Orchids & Onions awards ceremony, which highlights the region’s best and worst architecture.

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Affirmed Housing’s $44M Mixed-use Project Moves Forward

The San Diego City Council recently voted to move forward with negotiations on Affirmed Housing’s proposed $44 million mixed-use residential and retail development, planned for the city’s Encanto neighborhood.

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Grocery Outlet Plans New Store in San Diego

Discount supermarket chain Grocery Outlet has leased 20,150 square feet at the Metro Center retail property in San Diego’s College Area, CoStar Group reported.