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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Petco Plans New Headquarters Site in Rancho Bernardo

Petco Animal Supplies Inc. plans to establish a new headquarters and support center in Rancho Bernardo, as the San Diego-based retailer consolidates operations currently located at sites in Miramar and Scripps Ranch.

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Airport Green Build Project Earns LEED Platinum Status

The newly expanded terminal and related upgrades at San Diego International Airport, completed last year in the $907 million Green Build project, have received Platinum certification in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program.

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La Jolla Retail Building Housing CVS Sells for $8 Million

Investor QWN Ltd. of Hong Kong has purchased the leasehold on a La Jolla retail building housing CVS Pharmacy for approximately $8 million, according to brokerage company Lee & Associates, which represented the seller.

Five San Diego Construction Companies to Compete for Navy Task Orders

Five San Diego County construction companies stand to collectively gain up to $99 million in contracts over five years, following a decision by the U.S. Navy’s facilities command.

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Sorrento Mesa Office Complex Sold for $9.4 Million

A Boston company has bought an office complex in Sorrento Mesa.

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San Diego Apartment Complexes Included in $2.6 Billion, National Portfolio Sale

Two San Diego County properties are part of a $2.6 billion, 51-property sale of apartment and industrial buildings.

San Diego Housing Prices Increase in March

The median price of a single-family house in San Diego rose in March.

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Alexandria Buys Sorrento Valley Industrial Building Portfolio for $12.3 Million

Alexandria Real Estate Equities Inc. of Pasadena has purchased a three-building industrial portfolio in Sorrento Valley for approximately $12.3 million, according to CoStar Group and public data.

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Home of the month: The Crescent

The “Crescent” is a home designed by world famous San Diego-based architect Wally Cunningham.

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The Leucadia Vibe Is Creative Enclave’s Connection to Its Roots

The small coastal community of Leucadia has a particular idiosyncratic vibe, and the real estate found within its original boundaries reflects a spirit of individuality and creativity different from most other California beach towns. It’s different even from the four other areas — Old Encinitas, New Encinitas, Olivenhain and Cardiff-by-the-Sea — that join it as part of the city of Encinitas.

Craft Beer Wave Is Headed for New Eatery at Belmont Park

These days a San Diego restaurant opening or menu update is hardly complete without craft beer somewhere in the mix, and local brews will soon play a big role in the ongoing renovation of the iconic Belmont Park in Mission Beach.

High-Rises Dominate Downtown Office Space Leasing for 2013

Real Estate: Vacancy Rate of ‘Skyline 20’ Up, But Below Downtown Overall

Downtown San Diego’s 20 largest high-rises accounted for 70 percent of all signed office lease deals in that neighborhood during the past year, according to brokerage services company JLL.

Cell Towers Are Technological ‘Tenants’ With Deep Pockets

PROPERTY: Experts Can Help in Negotiating Equitable Placement Deals

The continuing push among major wireless carriers to boost local infrastructure is bringing opportunities and challenges for commercial property owners who lease space — or may be considering leasing space — to the carriers for their towers.

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OKAY IN OTAY

PROPERTY: Updated Blueprint for Otay Mesa Gives Developers Direction

Businesses like locally based developer Murphy Development Co. are lauding a recent move by the city of San Diego to clarify the future of what gets built in Otay Mesa after nearly 13 years of debate over the neighborhood’s future.

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Lincoln Property Co. Buys Carlsbad Industrial Building for $9.5 Million

Dallas-based Lincoln Property Co. has purchased a multi-tenant industrial building in Carlsbad for $9.5 million.