San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Work Begins on New Public Park at Sudberry’s Civita

Hazard Construction Co. has broken ground on Civita Park, the latest element of the Civita mixed-use community in Mission Valley, being developed by San Diego-based Sudberry Properties.

San Diego County Hotel Property Deals Declined in First Half

The volume of San Diego County’s hotel property sales transactions declined 16 percent from a year ago in the first half of 2015, while the dollar volume of those deals slipped 1 percent, according to a newly released mid-year report by brokerage and research firm Atlas Hospitality Group.

Median Home Price Increases to $470,000 in July

The median home price in San Diego County rose 5.6 percent in July from the year before, to $470,000, while the number of homes sold continued their recent double-digit spurt, increasing 22 percent to 4,322, according to data from CoreLogic.

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ROIC Reports Increase in Second-Quarter Revenue

Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $46.2 million for its second quarter ending June 30, up from $36.9 million in the year-ago quarter.

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Carlsbad Retail Center Getting $15 Million Renovation, Rebranding

Owner Linwood Ventures of Los Angeles plans a $15 million renovation of the former La Costa Towne Center in Carlsbad, with plans to rebrand the property as a luxury retail center called The Beacon La Costa.

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Los Angeles Firm Buys Spring Valley Apartments for $14 Million

New Standard Equities (NSE) of Los Angeles has purchased a 74-unit apartment property in Spring Valley for $14 million, the company announced.

Correction: Downtown Courtyard Hotel Not Being Sold

Contrary to a prior report, the 245-room Courtyard San Diego Downtown hotel is not for sale and is not under contract to be acquired by Richmond, Va.-based Apple Hospitality REIT.

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Historic East Village Commercial Property Sells for $4.35 Million

PREF, an affiliate of San Diego-based investment firm Paragon, has acquired an historic East Village retail property known as the Unicorn Building for $4.35 million, according to brokerage firm Colliers International.

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Carlsbad Firm Buys Retail Center for $12.7 Million

Carlsbad-based investment firm Capstone Advisors has purchased a three-building retail center in San Diego’s Carmel Mountain Ranch neighborhood for $12.7 million, the company announced.

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Growing Peregrine Semiconductor Corp. Adds Third Building

Peregrine Semiconductor Corp. said on Aug. 13 that it added a third building to its two-building complex in San Diego’s Miramar neighborhood.

La Jolla Farms Is a Perfect Canvas for Masterpiece Designs

There are a number of distinct areas in La Jolla, each with its own charm and appeal. Among the most storied, and encompassing some of the county’s most exclusive real estate, is La Jolla Farms.

In This Tight Market, a Retail Property Rarity Draws Buyers

Prime retail properties rarely hit the market in San Diego, and when they do, the price tags are rarely discounted. The latest example is the recent $107 million sale of the Walmart-anchored McGrath Center on Clairemont Mesa Boulevard in Kearny Mesa.

Survey Finds Commercial Development Optimism Remains Strong

Statewide demand from industries including technology, advertising, media and information services is generating continued optimism among commercial real estate professionals, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

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Four-Campus San Diego Office Portfolio Sold for $258 Million

John Hancock Life Insurance Cos. has acquired a portfolio of four San Diego office campuses for $258 million, according to public data and real estate services provider HFF Inc.

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Chula Vista Medical Office Buildings Sold for $15 Million

Orlando, Fla.-based CNL Healthcare Properties Inc. has purchased two medical office buildings in the Eastlake village of Chula Vista for $15 million, according to brokerage company JLL.