San Diego Business Journal


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

San Diego Ranks 5th in Nation for Million-Dollar Home Sales

San Diego ranked fifth in the nation for the number of sales of million-dollar houses in the third quarter, according to a recent report from Redfin.

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Vista Industrial Building Sold for $7.45 Million

PacVentures Inc. of San Diego has purchased a multi-tenant industrial building in Vista for $7.45 million, according to brokerage company Colliers International, which represented the buyer and seller.

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County Construction Contracts Up 20 Percent Through October

The value of San Diego County’s contracts for future construction rose 20 percent from a year ago in the first 10 months of 2014, topping $3.4 billion, according to the latest data from McGraw Hill Construction.

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Web Security Firm Buys UTC Office Building for $8.15 million

Web security solutions provider iboss Inc. has acquired a University Towne Center office building for approximately $8.15 million, according to CoStar Group and public data.

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Mission Valley Office Building Sells for $11.1 Million

Shopoff Realty Investments LP of Irvine has purchased a Mission Valley office building for approximately $11.1 million, according to CoStar Group and public data.

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Miramar Industrial Building Sells for $5.6 Million

Torrey Hills LLC of San Diego has purchased a Miramar industrial building for approximately $5.6 million, according to CoStar Group and public data.

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Quidel Corp. Relocates Headquarters to Del Mar Heights

San Diego-based Quidel Corp., a provider of diagnostic healthcare technologies, has relocated to newly completed corporate headquarters at One Del Mar, in the city’s Del Mar Heights neighborhood.

You Really Don't Need the Sign to Know You're in Elfin Forest

Less than a mile or so from the densely populated community of San Elijo Hills is Elfin Forest.

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McCarthy Moves San Diego Office to Kearny Mesa

General contractor McCarthy Building Companies Inc. has relocated its San Diego operations to larger facilities in the Kearny Mesa neighborhood.

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Construction Company Buys El Cajon Industrial Buildings for $5 Million

Cameron Brothers Construction Co. LP has purchased four adjacent industrial buildings in El Cajon for $5 million, according to brokerage company Pacific Coast Commercial, which represented the seller.

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Airport Green Build Named Best Project by Engineering News-Record

The $907 million Green Build Terminal 2 expansion at San Diego International Airport was recently named Best Project, in annual awards bestowed by the industry news publication Engineering News-Record, published by McGraw-Hill Construction.

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Partnership Plans $12.5 Million Renovation of Westminster Manor

Chelsea Investment Corp. has entered into a $28.6 million joint venture with the current property owner to acquire and renovate the 152-unit Westminster Manor senior housing building in downtown San Diego, according to brokerage company Colliers International.

Report: Asian Americans Had Most Purchase Mortgages

The Asian Real Estate Association of America, a national trade group based in San Diego serving Asian Americans in the real estate industry, said a recent report shows that segment applied for and obtained the largest share of purchase mortgages than any other minority group in recent years, measured both in number and dollars.

HFF Secures $140M Financing for Omni San Diego

HFF announced that it has secured a $140 million financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.

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Civic San Diego Seeking Advisor for Housing Development Fund

Civic San Diego, the city’s downtown project oversight agency, has issued a request for proposals for professional advisory services, related to plans by the organization to form a transit-oriented development investment fund.