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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Keep Freedom in Landlord-Tenant Representation

Earlier this year, Hughes Marino, a tenant rep brokerage firm based in San Diego, sponsored California Assembly Bill 1059. If enacted, that bill would have outlawed dual agency in all commercial, industrial and retail transactions. Fortunately, serious reservations by several judiciary committee members, both Democrat and Republican, derailed the bill for this year’s session. However, Hughes Marino will likely make a similar attempt in the future, most likely during the 2018 session.

By Tim Hayes August 3, 2017 2:17 p.m. share »
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Encinitas Vibe And Vibrancy

Built with painstaking attention to the details of a quintessential Santa Barbara-style estate, this sea-bluff home is a serene enclave of stillness and expansive ocean views.

By ste August 3, 2017 2:07 p.m. share »
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Cerullo Center Chooses Special Over Spectacle

Before being sold on the site for his organization’s proposed development, a religious education campus with a hotel and other hospitality features, lead planner Jim Penner stopped by several adjacent locations along busy Interstate 8 in Mission Valley.

By Lou Hirsh August 3, 2017 12:47 p.m. share »

County Construction Starts Declined 8 Percent in 2017’s First Half

The overall value of San Diego County’s construction starts declined 8 percent from a year ago in the first half of 2017, despite a 14 percent increase in new residential projects, according to the latest monthly numbers from research firm Dodge Data & Analytics.

By Lou Hirsh August 2, 2017 12:48 p.m. share »
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Two Oceanside Industrial Properties Get New Owners

Two Oceanside industrial properties recently changed hands, including a multi-tenant property housing several automotive-related businesses that sold for approximately $3.8 million.

By Lou Hirsh August 2, 2017 12:45 p.m. share »
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Pacific Beach Apartment Complex Sells for $4.65 Million

Silver Property Investments LLC of La Palma has acquired a 17-unit apartment complex in Pacific Beach for $4.65 million, according to brokerage firm Apartment Consultants Inc. (ACI)

By Lou Hirsh August 1, 2017 12:13 p.m. share »
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Sorrento Mesa Industrial Campus Sold for $20.1 Million

An affiliate of Miami Beach, Fla.-based Jewell Capital LLC has acquired a three-building industrial campus in Sorrento Mesa for $20.1 million, according to CoStar Group and public data.

By Lou Hirsh July 31, 2017 3:37 p.m. share »
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Construction Begins on $52M Industrial Project in Oceanside

Developer McDonald Property Group recently broke ground on a two-phase industrial complex within Pacific Coast Business Park in Oceanside. Company President Bruce McDonald said the estimated cost of the four-building project at full build-out is $52 million.

By Lou Hirsh July 31, 2017 3:22 p.m. share »
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Santee Apartment Property Sells for $13M

CVG Properties Inc. of Solana Beach has acquired a 70-unit apartment property in Santee for $13 million, according to the seller, San Diego-based investment and development firm SENTRE.

By Lou Hirsh July 28, 2017 9:35 a.m. share »

Realty Income Reports Revenue Increase for Second Quarter

Realty Income Corp. saw total revenue rise 10.8 percent from a year ago for its second quarter ending June 30, reaching $300.2 million, the San Diego-based company reported.

By Lou Hirsh July 27, 2017 3:53 p.m. share »
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Commercial Bakery Planned after $3.41M Poway Industrial Property Purchase

San Diego-based Escobar Family Real Estate Holdings LLC has acquired a Poway industrial property for $3.41 million, with plans to relocate an existing commercial baking facility to the site, according to brokers who handled the deal.

By Lou Hirsh July 27, 2017 3:46 p.m. share »
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Vision, Leadership Lacking from SDSU, City

When I read the “Vision for Mission Valley” document from San Diego State University this week, my first thought was, What was the tiff all about?

By Huntley Paton July 27, 2017 2:46 p.m. share »
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$20M Supportive Housing Opens

San Diego-based Affirmed Housing recently opened Cypress, a $20 million supportive housing development serving homeless residents with special needs in downtown San Diego.

By Lou Hirsh July 27, 2017 2:17 p.m. share »
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Mainfreight Unpacks in Otay; New Dishes for East Village, SDSU

In Otay Mesa, San Diego’s Murphy Development Co. recently signed global logistics provider Mainfreight Ltd. to occupy 24,050 square feet at its Siempre Viva Business Park. Murphy officials said the five-year lease is valued at $1.2 million, and the location is within the first speculative industrial building completed in Otay Mesa since 2006, at 2600 Melksee St.

By Lou Hirsh July 27, 2017 2:16 p.m. share »
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Things Continue to Look Up for Tallest Towers and Their Owners

A new report from brokerage firm JLL notes that 2017 is the 10th consecutive year in which downtown San Diego started the year with no new speculative office space under construction within its “Skyline” subset — in other words, the city’s 20 tallest towers.

By Lou Hirsh July 27, 2017 2:15 p.m. share »