San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Realty Income Raises Common Stock Dividend by 5 Percent

San Diego-based Realty Income Corp. recently announced that its board of directors has approved a 5 percent increase in the company’s common stock monthly cash dividend.

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Douglas Wilson Cos. Opens New Arizona Office

San Diego-headquartered Douglas Wilson Cos., a provider of real estate services, has opened a new office in the Phoenix market, adding to existing regional offices in Las Vegas, San Francisco and Washington, D.C.

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HP Investors Buys Historic Gaslamp Quarter Property for $6.8M

HP Investors LLC of San Diego has purchased an historic Gaslamp Quarter retail and office property – originally built in 1887 as the Grand Pacific Hotel -- for $6.8 million.

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Permanent 10,000-Seat Outdoor Venue for Symphony Proposed

After years of debates, lawsuits and postponements afflicting various waterfront projects in downtown San Diego — some of which are now being built — residents and government leaders may be ready for something a little more harmonious.

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Lack of Supply Drives Rents Up Across Entire Market

PROPERTY: Industrial Opportunities Limited To Suburban Submarkets

Fueled by steady job growth, San Diego County’s commercial real estate scene in 2015 saw a continuation of post-recession trends including dropping vacancy rates and rising rents.

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Perfectly Tucked Away in La Jolla Is a Lovely Family Paradise

Most people who live in or visit La Jolla don’t drive through the Muirlands to get anywhere — unless, of course, you’re a resident. One of La Jolla’s largest neighborhoods, Muirlands is also among the most sought after for this very reason.

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Former Downtown Rental Car Building Sold for $3 Million

Pacifica Cos. of San Diego has acquired a downtown building most recently occupied by Fox Rent A Car for $3 million, with plans to redevelop it as a self-storage facility, according to brokerage company ECP Commercial.

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Solid Ground

San Diego Market Somewhat Insulated From External Volatility

The start of 2016 had many kinds of investors reaching for the Pepto-Bismol, as the year began with a severe economic slowdown in China, a global plunge in oil prices, and widespread volatility in U.S. stock markets.

Emmes Adding Fitness Center at Downtown San Diego Tower

Property owner Emmes Realty Services LLC will have a new Crunch Fitness gym operating at its 701 B office tower later this year, following a $3.5 million renovation of the downtown San Diego building.

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El Cajon Apartment Property Sells for $2.2 Million

San Diego investors Erik and Kristyn Thompson have acquired the 16-unit Las Palmas Apartments in El Cajon for approximately $2.2 million, according to brokerage firms ACRE Investment Real Estate Services and ACI Apartments.

Apartment Developer Buys Portion of Irvine’s Colton Plaza

PROPERTY: Garden Communities Is Planning Multifamily Development

San Diego-based Garden Communities of California has bought a multibuilding portion of the Colton Plaza office campus next to John Wayne Airport where the company plans to build a big multifamily project.

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Hotel Proposed at Former Site of Convention Center Expansion

REAL ESTATE: Project Requires Approval From Port, Coastal Commission

Local developers The Robert Green Co. and Fifth Avenue Landing LLC are proposing an 831-room, $270 million hotel, slated for the downtown waterfront site where an extensive expansion of San Diego Convention Center was previously proposed.

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Portland Firm Buys El Cajon Industrial Park for $29.8 Million

Harsch Investment Properties of Portland, Ore., recently purchased a six-building industrial park in El Cajon for approximately $29.8 million, according to the buyer and CoStar Group data.

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Carlsbad Apartment Property Sold for $3.24 Million

San Diego investor Jing Zeng has acquired the nine-unit Centella Apartments in Carlsbad for approximately $3.24 million, according to brokerage company Marcus & Millichap.

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Scripps Ranch Business Park Sells for $6.12 Million

Locally based Sunwood Ventures has purchased El Dorado Business Park in Scripps Ranch for approximately $6.12 million, according to brokerage company Cushman & Wakefield.