A group has announced plans for a ballot initiative aimed at redeveloping the current Mission Valley stadium site into a western campus of SDSU.
San Diego County’s construction starts declined 14 percent from a year ago in the first eight months of 2017, with new projects valued at approximately $2.83 billion, according to latest figures.
The Crosby, a gated golf community in Rancho Santa Fe, has a new lease on life. It was purchased out of bankruptcy in January 2017 by the South Korean golf and construction firm Bando Development Co. Ltd. The firm immediately invested millions in improvements with a commitment for future value-enhancing upgrades. On one of the largest lots on the far edge of the development is a custom, private cul-de-sac estate overlooking the ninth hole. The serene view over the infinity-edged pool reveals a breathtaking natural amphitheater of dramatic red rocks, native chaparral and the mountains beyond.
The city of San Diego recently announced that it has received $5.68 million to rehabilitate the main runway at Brown Field Airport in Otay Mesa. Officials said the grant from the Federal Aviation Administration will also be used to change signage for the airport’s taxiways, with full completion of the work expected in spring 2018.
Another retail piece is in place at Bikeway Village, a mixed-use project in Imperial Beach that aims to capitalize on proximity to South County’s popular Bayshore Bikeway. Fittingly, local retailer 2 Wheels Cycling Boutique recently opened a full-service shop there at 536 13th St.
Several optimistic North County developers have speculative industrial and office construction projects underway, though in most cases nobody yet knows who the upcoming tenants might be.
Rancho Santa Fe-based Cardiff Investments LLC has acquired a Carlsbad industrial building for approximately $5.1 million.
Investor Ronnie T. Neri of Chula Vista has acquired a 47-unit apartment property in San Diego’s Valencia Park submarket for $8.15 million, according to CoStar Group and public data.
When it comes to rising industrial space demand in San Diego’s Otay Mesa region, some of the biggest movers are logistics companies focused on moving things around for their corporate customers
San Diego-based Truman Johnson Inc. has acquired three Imperial Beach apartment buildings totaling 56 units for $10.2 million, according to brokerage firm CBRE Group Inc.
Tsunami ARVR Inc., a Los Angeles-based maker of enterprise software and other technology geared to virtual and augmented reality, has signed as the first tenant at the newly developed Torrey Point office campus in San Diego’s Carmel Valley area.
Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million, according to brokerage firm Retail Insite.
Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million.
San Marcos-based Creative Electron Inc., which makes X-ray machines, plans to occupy an industrial property there that it recently acquired for $3.2 million.
The scale of development that is happening just a few miles west of Interstate 15 out Rancho Bernardo Road is stunning. Once past the fully developed 4S Ranch community, there is a proliferation of new housing development — some sold out, some in process. In addition, there’s new shopping centers, schools and community centers nearly all the way to the borders of Rancho Santa Fe and Fairbanks Ranch.