San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Trammell Crow Buys Land at Millenia for $15.45 Million

A local affiliate of Dallas-based Trammell Crow Residential Co. has acquired approximately 9.4 acres of land within Chula Vista’s Millenia development for $15.45 million, according to CoStar Group and public data.

Port Moving Forward on National City Waterfront Improvements

San Diego port district commissioners have approved a review of a long-discussed waterfront park expansion and related business land-use enhancements proposed for National City.

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A $40M Mixed-Use Complex Debuting Soon in Rancho Santa Fe

Locally based developer Newport Pacific Inc. plans a mid-summer opening for Palma de la Reina, a $40 million mixed-use complex being built at the entrance to the Whispering Palms residential community in Rancho Santa Fe.

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Berkshire Hathaway HomeServices California Appoints Mary Lee Blaylock CEO, President

San Diego-based Berkshire Hathaway HomeServices California Properties announced the promotion of Mary Lee Blaylock to president and chief executive officer.

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Historic Sherman Heights Apartment Property Sells for $5.3 Million

San Diego-based SENTRE Inc. has acquired a 27-unit historic apartment building in the city’s Sherman Heights neighborhood for $5.3 million, according to the buyer and brokerage firm ACRE Investment Real Estate Services.

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Money Doesn’t Grow on Trees, but What About Near Them?

GREEN: City Aims for More Trees, Seeing Benefit To Business, Homeowners

Trees are good for business. That’s what one downtown neighborhood has found and what many more might find with the city’s latest effort to increase the number of trees in San Diego.

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New Mexico Firm Buys Downtown Tower for $55 Million

Gemini Rosemont LLC of Santa Fe, N.M., has purchased a 19-story downtown San Diego office tower for $55 million, according to CoStar Group and the buyer.

Rental Cars’ Exit Left Big Opening for Redevelopment

PROPERTY: Port Staff Favoring 2 of 6 Proposals For Harbor Island

San Diego port commissioners were scheduled on April 14 to review six proposals to redevelop 57 acres on Harbor Island, including several sites that formerly housed rental car lots. Proposed new elements include hotels, office buildings, public plazas, an aquarium, and a high-tech golf driving range.

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Big Development Opportunity Draws a Crowd of Contenders

PROPERTY: Seaport Village Project Is Rare Chance for Coastal Work

The Unified Port of San Diego has no shortage of companies looking to be part of what eventually replaces the iconic Seaport Village, on a portion of the downtown San Diego waterfront that spans 70 acres.

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Vista Apartments Sold for $5.5 Million

Newkirk Family Trust of San Diego has acquired a 20-unit apartment property in Vista for $5.5 million, according to brokerage firm Marcus & Millichap.

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Carlsbad Apartment Property Sells for $9.35 Million

A buyer listed as Bella La Costa LLC of San Diego has purchased a 24-unit apartment property in Carlsbad for $9.35 million, according to brokerage firm Marcus & Millichap.

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Santee Retail Property Sells for $27.5 Million

Union City Investments LLC of Santa Monica has acquired the four-building Santee Town Center retail property for approximately $27.5 million, according to CoStar Group and public data.

USC Report: Apartment Rents to Keep Rising through 2018

Despite rising construction, increasing demand for apartments will keep vacancies low and drive significant rent increases in San Diego County and elsewhere in Southern California over the next two years, according to a University of Southern California forecast.

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Irvine Firm Buys Escondido Apartment Property for $7.7 Million

The Bascom Group LLC of Irvine has acquired a 43-unit apartment community in Escondido for $7.7 million, the buyer announced.

$15.5 Million Point Loma Marine Facility Finished for UCSD

Marathon Construction Corp. recently completed the $15.5 million replacement of the Nimitz Marine Facility in Point Loma for the University of California, San Diego.