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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Punch Bowl Social Rolls Into East Village With Retro Concept

The northeastern quadrant of downtown San Diego’s East Village — a.k.a. the I.D.E.A. District — continues to attract new projects and tenants aiming to make people forget that neighborhood’s long history as a faded hub for under-used warehouses and auto repair lots.

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Seize The Momentum

Hot Spots Heat Up Commercial Markets, But Caution Is in the Air Despite Fairly Solid Forecast

In their recent twice-yearly survey gauging California commercial real estate sentiment, researchers at UCLA Anderson Forecast and the law firm Allen Matkins found investors and developers generally bullish on their prospects through 2019 — even if some expressed a twinge of caution about a coming “topping out” in optimism related to the office and retail markets.

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Local Investor Buys Arizona Medical Office Building for $2.35 Million

San Diego-based GLP Properties LP has purchased a medical office building in Mesa, Ariz., for $2.35 million, according to brokerage firm Lee & Associates.

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Point Loma Apartments Acquired for $90 Million

Chicago-based JLL Income Property Trust, an institutionally managed real estate investment trust, announced that it has purchased a new 180-unit San Diego apartment community for approximately $90 million.

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San Diego Apartments Sold for $2.09 Million

Investor Eileen Wang of San Diego, recorded as Prism Real Estate Investments LLC, has purchased an eight-unit apartment property in San Diego’s Talmadge neighborhood for approximately $2.09 million, according to brokerage firms Apartment Consultants Inc. (ACI) and ACRE Investment Real Estate Services.

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Point Loma Apartment Property Sold for $12 Million

Local buyers recorded as Crest Partners-Poway One Danielson LLC and Point Loma Equity Fund LLC have acquired a 34-unit apartment property in San Diego’s Point Loma Heights neighborhood for $12 million, according to brokerage firm South Coast Commercial Inc. and CoStar Group.

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Kearny Mesa Retail Property Sells for $2.2 Million

A San Diego buyer recorded as 7959 Balboa LLC has acquired a former retail vehicle dealership property in Kearny Mesa for approximately $2.2 million, according to brokerage firm Duhs Commercial. The buyer plans to demolish buildings on the site to build an express car wash.

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Iconic Surf Spot, San Diego Sunsets Set the Scene at Windansea

Windansea Beach at the end of Nautilus Street in La Jolla is one of San Diego County’s most iconic landmarks. The smooth sandstone tables jutting out over the crashing waves, underwater reefs and, of course, the historic “surf shack” are popular backdrops for weddings and photographs of fiery sunsets.

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Insurers to Begin Checking IDs of High-End Homebuyers

PROPERTY: Those Paying Cash Targeted By Treasury Department

The U.S. Treasury Department wants to know who secretly may be buying luxury homes in San Diego.

REITs in Good Position To Gain in Tight Market

PROPERTY: Property Values, Rents Increase on West Coast

So far in 2016, San Diego-headquartered real estate investment trusts are continuing to benefit from a West Coast climate of limited new retail center development in locations where major store operators are still looking to set up shop.

Carlsbad Industrial Campus Planned After $6 Million Parcel Purchase

San Diego-based Badiee Development plans to develop a new two-building industrial campus in Carlsbad, following its $6 million purchase of two land parcels totaling 8.4 acres.

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George J. Pierson Named President/CEO at The Kleinfelder Group

The Kleinfelder Group, which provides construction, engineering and architectural services, on Wednesday named George J. Pierson president and CEO.

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North Park Apartment Property Sells for $2.29 Million

San Diego-based Vaerus Boundary LLC has purchased a 12-unit apartment property in North Park for approximately $2.29 million, according to brokerage firm Marcus & Millichap.

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Carlsbad Office and Retail Property Sells for $6 Million

San Diego-based Stos Partners has acquired a Carlsbad Village office and retail property for $6 million, according to the buyer and CoStar Group data.

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San Diego Apartment Property Sells for $2.18 Million

O’LIDO LLC of La Mesa has acquired an eight-unit apartment property in San Diego’s Golden Hill neighborhood for approximately $2.18 million, according to brokerage firm Marcus & Millichap.