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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Speculating On What’s Next

With Few Spec Projects Underway, Market Conditions Continue to Drive Up Tenant Costs

Halfway through 2015, San Diego County’s commercial real estate market is reaping the benefits of continued new-job creation and an unemployment rate that had dipped to 4.9 percent as of late spring, down from around 6 percent at the same point of 2014.

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Poway Industrial Property Purchased for $16.9 Million

Rexford Industrial Realty Inc. of Los Angeles has acquired a Poway industrial building for $16.9 million, the company announced.

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Zephyr Plans Mixed-use Dana Point Project after $50 Million Land Buy

San Diego-based Zephyr Partners has acquired a nine-acre parcel in Dana Point for $50 million, with plans to develop a mixed-use community on the property.

Foreclosures Down 4 Percent Over Last Year

San Diego saw 1,735 completed foreclosures in the year ending in May, down about 4 percent from 1,809 the year before, as foreclosures dropped sharply nationwide, according to data from CoreLogic.

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San Diego Apartments Sold for $2.45 Million

Imhotep Properties LLC of Rancho Palos Verdes recently purchased two contiguous seven-unit apartment buildings in San Diego’s Talmadge neighborhood for $2.45 million, according to brokerage company Marcus & Millichap Inc.

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Imperial Beach Apartment Property Sells for $8 Million

Investor Craig Knudson of San Diego has acquired the 36-unit Rancho Coronado apartment property in Imperial Beach for $8 million, according to brokerage company Marcus & Millichap Inc.

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ALPINE AERIE

This contemporary architectural Alpine beauty is inside the gates of the equestrian residential community of Rancho Palo Verde.

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Neustar Moving to New Irvine Company Tower at UTC

Information services technology provider Neustar Inc. has signed a lease to occupy approximately 23,000 square feet at One La Jolla Center, Irvine Company’s recently completed office tower at University Towne Center.

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Local Firm Buys Carlsbad Industrial Building for $8.75 Million

Investment firm SR Commercial of Solana Beach has purchased a Carlsbad industrial building for $8.75 million, according to brokerage company DTZ.

Sales of Townhomes, Condos Jump 20 Percent in June

Sales of San Diego condos and townhomes jumped 20 percent in June compared to the year before, with nearly 1,200 sales recorded at a median price of $354,000, according to the Greater San Diego Association of Realtors.

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Verizon Takes Large Space at Sorrento Mesa Office Campus

Telecommunications giant Verizon Communications Inc. has leased 110,000 square feet of space at the recently renovated Enclave Sorrento office campus in Sorrento Mesa, according to brokerage company JLL.

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Carlsbad Supporters Deliver 20,000 Signatures for Agua Hedionda Development

Proponents of a planned open-space preserve and commercial development near Agua Hedionda Lagoon in Carlsbad have delivered more than 20,000 signatures to the city clerk, in an effort to place a development-related ballot measure before voters in an upcoming election.

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Hughes Marino Joins New Global Tenant-Focused Real Estate Group

Commercial real estate services provider Hughes Marino Inc. of San Diego has joined Exis, a global business organization focused exclusively on tenant representation.

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Newly Opened Gaslamp Quarter Hotel Gets New Owner

Columbia Properties Inc. of Seattle has acquired the recently completed and opened Hotel Z, a new 96-room boutique hotel in downtown San Diego’s Gaslamp Quarter.

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Five-Building Carlsbad Office Portfolio Sells for $48.85 Million

An affiliate of Beverly, Mass.-based Brookwood Financial Partners LLC has purchased a five-building Carlsbad office portfolio for $48.85 million, according to CoStar Group and public data.