San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Green Co., Montage Teaming on $360M La Quinta Resort

Encinitas-headquartered The Robert Green Co. will team with Montage International on the developers’ second Pendry-branded hospitality property, to be built in the desert city of La Quinta as part of a larger $360 million resort. The two companies recently opened the $120 million Pendry San Diego hotel in downtown’s Gaslamp Quarter.

By Lou Hirsh March 7, 2017 1:16 p.m. share »
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Developer’s Local Office Obtains Financing for Anaheim Apartments

The San Diego-based western regional office of developer JPI has closed on $128 million in construction financing for the first phase of Jefferson Stadium Park, a luxury apartment community in Anaheim.

By Lou Hirsh March 6, 2017 11:55 a.m. share »
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Carlsbad Office Building Sells for $2.96 Million

Investor Kathleen Lathrum of San Diego has acquired a Carlsbad office building for approximately $2.96 million, according to brokerage firm Marcus & Millichap.

By Lou Hirsh March 6, 2017 11:27 a.m. share »
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Mixed-Use Building in Hillcrest Sells for $2.2 Million

Investor Tim Foley of San Diego has acquired a mixed-use commercial property in Hillcrest for $2.2 million, according to brokerage firm Marcus & Millichap.

By Lou Hirsh March 3, 2017 12:11 p.m. share »
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Little Italy Apartment Property Sells for $8.57M

Rosemont LLC of San Diego has acquired a 24-unit luxury apartment community in downtown’s Little Italy for approximately $8.57 million, according to brokerage firm Berkadia.

By Lou Hirsh March 3, 2017 11:49 a.m. share »

Software Co. Raken Raises $2M in Seed Round

Raken, a San Diego-based company whose software is used for construction site reporting, has raised a $2 million seed round, the company announced March 3.

By Sarah de Crescenzo March 3, 2017 11:21 a.m. share »

Who Do You Believe? Experts Trade Dueling Economic Outlooks

It was a classic case of dueling expectations.

By Lou Hirsh March 2, 2017 4:59 p.m. share »
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A Timeless Property

Built more than a century ago by John D. Spreckels, San Diego’s richest man at the time, this iconic Coronado beachfront family compound remained in the Spreckels family until 1970. Newly remodeled, the Italian Renaissance-style, concrete and steel-reinforced home is on three contiguous beachfront lots with three separate living quarters and 180-degree views of the ocean. It is a matchless San Diego property representing the best of the past and the indomitable spirit of the future.

By Stephanie Glidden March 2, 2017 3:06 p.m. share »
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S.D.’s Retail Market Is Strong But Not Immune

The brick-and-mortar retail industry’s post-holiday shoe-dropping — in the form of announced store and restaurant closings — is well underway so far in 2017. And San Diego County hasn’t gone unscathed.

By Lou Hirsh March 2, 2017 2:09 p.m. share »
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City Heights Apartments Sold for $3.46 Million

Perkins Family Trust of La Mesa has acquired a 21-unit apartment building in San Diego’s City Heights neighborhood for $3.46 million, according to CoStar Group and public data.

By Lou Hirsh March 1, 2017 4:34 p.m. share »
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Executive Search Firm Buys Little Italy Office Building for $4 Million

An affiliate of San Diego-based executive search firm Bespoke Partners has acquired a Little Italy office building for $4 million, with plans to relocate into the space later this year, according to brokerage firm CBRE Group Inc.

By Lou Hirsh March 1, 2017 2:50 p.m. share »
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Cologne to Lead Higgs Fletcher Law Firm as Morrell Heads to Wilson Cos.

San Diego-based law firm Higgs Fletcher & Mack announced that Steven J. Cologne will become managing partner, succeeding John Morrell as of March 31. The law firm said Morrell, who held the position for 20 years, is leaving to become president of real estate services provider Douglas Wilson Cos.

By Lou Hirsh March 1, 2017 1:02 p.m. share »
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Developer Obtains $12.7M in Financing for Point Loma Mixed-use Project

Developer K&K Veritas LP has obtained approximately $12.7 million in construction financing for a planned new mixed-use luxury apartment community in San Diego’s Midway district in Point Loma, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

By Lou Hirsh February 28, 2017 2:32 p.m. share »

Realty Income Corp. Begins $645.8 Million Stock Offering

Realty Income Corp. has commenced a public stock offering with expected net proceeds of approximately $645.8 million, the San Diego-based company announced.

By Lou Hirsh February 28, 2017 2:24 p.m. share »
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Architectural Firm KTUA Names Two Principals

San Diego-based planning and landscape architecture firm KTUA announced Monday that two longtime employees have been named principals.

By Sarah de Crescenzo February 27, 2017 4:38 p.m. share »