SD REAL ESTATE

Group Launching SDSU-Focused Drive to Redevelop Stadium Site

A group has announced plans for a ballot initiative aimed at redeveloping the current Mission Valley stadium site into a western campus of SDSU.

S.D. County’s Construction Starts Dropped 14% in First 8 Months of 2017

San Diego County’s construction starts declined 14 percent from a year ago in the first eight months of 2017, with new projects valued at approximately $2.83 billion, according to latest figures.

Setting A New Course

The Crosby, a gated golf community in Rancho Santa Fe, has a new lease on life. It was purchased out of bankruptcy in January 2017 by the South Korean golf and construction firm Bando Development Co. Ltd. The firm immediately invested millions in improvements with a commitment for future value-enhancing upgrades. On one of the largest lots on the far edge of the development is a custom, private cul-de-sac estate overlooking the ninth hole. The serene view over the infinity-edged pool reveals a breathtaking natural amphitheater of dramatic red rocks, native chaparral and the mountains beyond.

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Brown Field Lands Grant for Runway Improvement

The city of San Diego recently announced that it has received $5.68 million to rehabilitate the main runway at Brown Field Airport in Otay Mesa. Officials said the grant from the Federal Aviation Administration will also be used to change signage for the airport’s taxiways, with full completion of the work expected in spring 2018.

Bike Store – of Course – Sets Up Shop at Bikeway Village

Another retail piece is in place at Bikeway Village, a mixed-use project in Imperial Beach that aims to capitalize on proximity to South County’s popular Bayshore Bikeway. Fittingly, local retailer 2 Wheels Cycling Boutique recently opened a full-service shop there at 536 13th St.

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Wave of Spec Development To Hit North County

Several optimistic North County developers have speculative industrial and office construction projects underway, though in most cases nobody yet knows who the upcoming tenants might be.

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Carlsbad Industrial Building Sold for $5.1 Million

Rancho Santa Fe-based Cardiff Investments LLC has acquired a Carlsbad industrial building for approximately $5.1 million.

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San Diego Apartment Property Sells for $8.15 Million

Investor Ronnie T. Neri of Chula Vista has acquired a 47-unit apartment property in San Diego’s Valencia Park submarket for $8.15 million, according to CoStar Group and public data.

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Logistics Cos. on the Move in Otay Mesa Submarket

When it comes to rising industrial space demand in San Diego’s Otay Mesa region, some of the biggest movers are logistics companies focused on moving things around for their corporate customers

Imperial Beach Apartments Sold for $10.2 Million

San Diego-based Truman Johnson Inc. has acquired three Imperial Beach apartment buildings totaling 56 units for $10.2 million, according to brokerage firm CBRE Group Inc.

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Los Angeles Tech Firm Signs as First Tenant at Torrey Point Office Campus

Tsunami ARVR Inc., a Los Angeles-based maker of enterprise software and other technology geared to virtual and augmented reality, has signed as the first tenant at the newly developed Torrey Point office campus in San Diego’s Carmel Valley area.

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East County Retail Building Sold for $4.82 Million

Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million, according to brokerage firm Retail Insite.

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East County Retail Building Sold for $4.82 Million

Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million.

X-Ray Machine Maker Buys San Marcos Industrial Property for $3.2M

San Marcos-based Creative Electron Inc., which makes X-ray machines, plans to occupy an industrial property there that it recently acquired for $3.2 million.

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Upgrades Were Fine Finishing Touches on Descanso Treasure

The scale of development that is happening just a few miles west of Interstate 15 out Rancho Bernardo Road is stunning. Once past the fully developed 4S Ranch community, there is a proliferation of new housing development — some sold out, some in process. In addition, there’s new shopping centers, schools and community centers nearly all the way to the borders of Rancho Santa Fe and Fairbanks Ranch.

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