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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Historic Britt-Scripps House in Bankers Hill Sold for $2.9 Million

New Romax Inc. of El Monte has purchased the historic Britt-Scripps House, in San Diego’s Bankers Hill neighborhood, for $2.9 million, according to brokerage company Colliers International.

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La Mesa Apartment Property Sells for $5.4 Million

Lenrae LLC of La Mesa has purchased a 27-unit apartment building in that city for approximately $5.4 million, according to CoStar Group and public data.

Median Price for Home in October Was $440,000

The median price of a house sold in San Diego County in October was $440,000, down 1 percent from the median price paid in September, said Corelogic Dataquick.

Haskell Construction Acquires Consultants FreemanWhite

Haskell, a national design, engineering and construction firm, announced it has acquired FreemanWhite, a Charlotte-based consulting and design practice focused exclusively on the health care sector. FreemanWhite has an office in San Diego.

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Chula Vista Apartment Property Sells for $22.56 Million

Sunwest Management Co. of La Mesa has purchased the 94-unit One Park apartment community in Chula Vista for $22.56 million, according to CoStar Group and public data.

Project Services Provider Cumming Opens Larger Office in Dubai

San Diego-based Cumming, which provides construction project management and cost consulting services, has expanded its international operations by opening a new office in Dubai.

Developer Gets 10 Years in Prison For $50 Million Scam

A former Escondido commercial developer was sentenced to 10 years in prison on Nov. 10 for bilking about 150 investors, including many retired seniors, of $50 million, according to the U.S. Attorney’s Office in San Diego.

Price For Single-Family Home Drops to $496,750 in October

The median price for a single-family house in San Diego dipped 3 percent to $496,750 in October from the prior month, according to the Greater San Diego Association of Realtors.

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Oceanside Retail Buildings Sold for $4.1 Million

Pier View LLC of Glendora has purchased three Oceanside retail buildings for $4.1 million, according to CoStar Group and public data.

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Safeway Division Opens New Retail Center in Carlsbad

Property Development Centers LLC, a division of Pleasanton-based Safeway Inc., recently held a soft opening for La Costa Town Square, a new Vons-anchored retail center in Carlsbad.

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Home of the Month: Music-Inspired Mansion on Mount Helix

This residence at 4625 Calavo Drive on Mount Helix in La Mesa was built for Charles Wakefield Cadman in 1930, a famous American composer in Los Angeles. Cadman was considered one of the top Hollywood film composers at the time, and was considered an expert on American Indian music.

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Coronado Retail Buildings Sell for $4.25 Million

A Newport Beach entity recorded as Russell E. Fluter Separate Property Trust has purchased two Coronado retail properties for $4.25 million, according to CoStar Group and public data.

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Escondido Office Property Sells for $3.7 Million

San Diego-based SENTRE Partners has purchased Escondido Gateway, a 26,000-square-foot office property in Escondido, for $3.7 million, marking the company’s third acquisition this year in North County.

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Firm Has Nature’s Back as Projects Proceed

DEVELOPMENT: Environmental Concerns Keep Sector Growing

The founder and president of Great Ecology says this past spring’s property-destroying wildfires in North County, like others in the San Diego region, served as a reminder of how nature and development are increasingly crossing paths, with potentially bad side effects.

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Partnership Including Encinitas Firm Plans $360 Million La Quinta Resort

A partnership that includes Encinitas-based developer The Robert Green Co. has secured La Quinta City Council approvals for a planned $360 million mixed-use resort in that Coachella Valley community.