San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Cisterra Expects June Completion for New Sempra Headquarters Tower

San Diego-based Cisterra Development is anticipating a June 2015 completion for the new headquarters building for Sempra Energy, currently under construction in downtown’s East Village neighborhood.

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Work Progressing on $43 Million Senior Care Facility in Chula Vista

Construction is progressing on a new $43 million retirement and care community in Chula Vista, being built by St. Paul’s Senior Homes & Services.

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BioMed Markets Developments Via New Mobile App

BioMed Realty Trust Inc. recently launched a new mobile application geared to informing tenants and brokers about potential development at its life science properties in San Diego and three other markets.

Dallas Firm Buys Carlsbad Retail Center for $31.6 Million

A Dallas-based firm has purchased the La Costa Town Center shopping center in Carlsbad for $31.6 million.

Median Housing Price in County Is $445,000 for September

The median priced house in San Diego County in September cost $445,000, down 0.78 percent from the median priced house in August, according to the latest CoreLogic Dataquick residential report.

Oceanside Auto Repair Building Sold for $6 Million

An Oceanside retail building housing a Midas auto repair shop has been sold for approximately $6 million, according to CoStar Group and public data.

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Home of the Month: Spectacular Sanctuary in Sky

On the far eastern edge of Rancho Santa Fe is the community of Cielo.

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Retail’s Momentum Expected to Keep Pushing Vacancy Rate Down

PROPERTY: Barriers To Entry Are Keeping New Construction Sparse

Growing payrolls and a steady influx of tourists have brought full recovery to San Diego County’s retail industry, though the region is still about a year away from pre-recession sales highs reached at stores and restaurants, according to a recent third-quarter report by the brokerage company Marcus & Millichap Inc.

City of San Diego Finally Moves Many Permit Processes Online

DEVELOPMENT: Firms Say Belated Changes Will Save Time and Money

Facing a rising tide of new development projects heading through the pipeline, the City of San Diego has taken steps to streamline its processing of project permits and plans, moving a large portion of operations online.

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Partnership Buys North Park Apartments for $18.47 Million

A partnership that includes Arc Capital Partners LLC of Los Angeles, Baltimore-based Alex. Brown Realty Inc. and New Standard Equities of Encino has purchased a 132-unit apartment property in San Diego’s North Park neighborhood.

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San Diego Ranks 24th Globally for Commercial Property Investment

San Diego ranks 24th among the world’s 25 largest markets for commercial property investment dollar volume, according to a report by brokerage company Cushman & Wakefield Inc.

Median Price for Single Family Home in County Remains Unchanged From August to September

The median price for a single family house in San Diego remained unchanged in September from August at $510,000. The price was about 5 percent above the median in September 2013, according to the Greater San Diego Association of Realtors.

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Chula Vista Retail Property Sells for $21.9 Million

New York-based RREEF Property Trust Inc. has purchased a Chula Vista property housing two big-box retailers for $21.9 million, according to CoStar Group and public data.

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Construction Starts on $100 Million Downtown Hotel

Encinitas-based developer The Robert Green Co. and Montage Hotels & Resorts of Laguna Beach have begun construction on Pendry San Diego, a new 317-room luxury hotel in downtown San Diego’s Gaslamp Quarter.

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Cohn Breaks Ground on $10 Million Restaurant at Harbor Island

Cohn Restaurant Group of San Diego has broken ground on a new restaurant at Harbor Island, with an expected development cost of at least $10 million and set for a spring 2015 opening.