SD REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...Following the Market Forces
PROPERTY: Class A Space Fills Up, Heating Up Interest in Class B
What a difference an economic recovery makes, when it comes to the balance of power between office tenants and landlords in San Diego County.
Current Economic Climate Creating Demand for Submarket Space
REAL ESTATE: Investors Meeting Demand With Redevelopment, Renovation
Sorrento Valley and Sorrento Mesa have some of the region’s oldest commercial properties, with inventory dating back to the 1970s and earlier, but those submarkets have recently seen a rise in redevelopment, renovation and leasing activity.
Professional Profile: Daniel Ryan
Daniel J. Ryan is executive vice president – regional market director (San Diego) and strategic operations for Alexandria Real Estate Equities Inc.
Real Estate Roundup
Projects, developments and other activity in cities in and around San Diego County
Construction is under way in Encinitas, as home builder Brookfield Homes prepares Seaside Ridge, its new collection of 23 semi-custom homes set to grand open in late spring. The California coast-inspired community is located at 809 Dolphin Circle in Encinitas.
Land Developer Seeks Opportunities Nearby
PROPERTY: Neighboring Counties Have Fewer Hurdles
As vacant land tabbed for building new homes becomes harder to find in San Diego, residential developers set their sights to the hinterlands in Riverside and Imperial counties, and beyond.
Fenton Finds Home for Clean-Tech Innovations
PROPERTY: Apartment Project Is User-Friendly for Technology
Residents of an apartment community soon to open in the Scripps Ranch neighborhood, developed by H.G. Fenton Co., will be the first in the region able to get all of their power from the sun, and track their usage on their smartphones.
T.B Penick Awarded $120M In Projects
San Diego-based general contractor T.B. Penick & Sons Inc. has been awarded two projects, valued at approximately $120 million, related to refurbishing of New York City beach areas ravaged by last fall’s Hurricane Sandy.
Real Estate Roundup
Projects, developments and other activity in cities in and around San Diego County
The San Diego office of Colliers International announces that 67 residential lots located on 16.5 acres in Lakeside have sold for $6 million.
Upscale Boutique Hotel Purchase Fits Firm’s Buying Strategy
Real Estate Column
Another downtown San Diego hotel in the hip, upscale “boutique” category has changed hands, with Illinois-based Inland Real Estate Group’s recent $53 million purchase of Andaz San Diego in the Gaslamp Quarter.
Downtown Office Tower Sold for $140.8M
Dallas-based Lone Star Funds has purchased First Allied Plaza on West Broadway in downtown San Diego for approximately $140.8 million, as part of its $621.5 million acquisition of a national office portfolio from Wereldhave USA, according to CoStar Group.
Wisconsin Investment Firm Buys Scripps Ranch Retail Center
Wisconsin-based Hendricks Commercial Properties has purchased the Scripps Mesa Retail Center, in the Scripps Ranch neighborhood, for $6.9 million.
KB Home Buys 67 Residential Lots in Lakeside
Los Angeles-based KB Home Coastal Inc. has purchased 67 residential lots in Lakeside for $6 million, according to a statement from the San Diego office of Colliers International.
Andaz San Diego Hotel Sold for $53M
The Andaz San Diego hotel in the Gaslamp Quarter has been sold for approximately $53 million, according to financial data provider Real Capital Analytics.
Escondido Apartment Community Sells for $15.7M
Wasatch Advantage Group of Mission Viejo has purchased the 161-unit Village Grove Apartments in Escondido for $15.7 million, according to a statement from brokerage firm CBRE, which represented the buyer.
Local Contractors Named Among Nation’s Safest
Local contracting firms have been named among the nation’s safest construction companies by the Virginia-based Associated General Contractors of America.
