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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Investment Firm ConAm Group Announces Executive Changes

Rob Singh has returned to The ConAm Group of Cos. to serve as president and chief investment officer, the San Diego-based real estate investment and development services company announced.

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Xpera Tapped to Manage Construction of Viejas Hotel Project

San Diego-based construction management consulting firm Xpera CM has been retained by the Viejas Band of Kumeyaay Indians to manage work on a second hotel tower currently underway at Viejas Casino in Alpine.

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La Jolla Medical Office Building Sold for $7 Million

Monarch La Jolla LLC has purchased a La Jolla medical office building for approximately $7 million, with plans to convert the property into an upscale assisted living facility, according to Voit Real Estate Services.

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El Cajon Apartments Sold for $5 Million

An entity recorded as Finest City Oil Corp. of La Mesa with trustee Najiba Kassab has acquired the 38-unit Marquis Apartments in El Cajon for approximately $5 million, according to CoStar Group and public data.

Home Sales Increase in February, Prices Hold Steady

Sales of previously owned homes increased in February after a particularly slow January, according to the Greater San Diego Association of Realtors.

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Downtown Draw

PROPERTY: Millennials Keep Coming; Hope Is for More Businesses to Follow

The post-recession recovery will be palpable in downtown San Diego starting later this year, as hundreds of new apartments hit the market with the completion of several big projects.

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Barrio Logan Property Sells for $3.66 Million

A joint venture of Irvine-based Pelican Realty Group LLC and Los Angeles-based PI Properties has acquired the two-building Harbor Center industrial property in San Diego’s Barrio Logan neighborhood for $3.66 million, the buyers announced.

One Paseo Opponents Start a Referendum Drive

To the surprise of few people, the controversial One Paseo mixed-use development in Carmel Valley could now be heading toward the city ballot box in San Diego.

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Kidder Mathews Acquires StepStone

Commercial real estate services provider Kidder Mathews has acquired StepStone Real Estate Services, a San Diego-based asset and property management firm, for an undisclosed price.

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Chula Vista Apartments Sell For $9.17 Million

Cova Management Inc. has purchased the 71-unit Burkhart Apartments in Chula Vista for approximately $9.17 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

Cushman & Wakefield Is Exploring Sale

REAL ESTATE: Exit Rate High at San Diego Office

The majority owner of commercial real estate services provider Cushman & Wakefield Inc. is reportedly exploring a sale of the New York-based company, but it’s not clear whether that is connected to the recent departure of at least 13 brokers from the firm’s San Diego operations.

USD Names Norm Miller to Endowed Chair

Norm Miller has been named the Ernest W. Hahn Chair of Real Estate Finance at the Burnham-Moores Center for Real Estate in the School of Business at the University of San Diego.

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San Diego Firm Buys Phoenix Apartments for $36.2 Million

San Diego-based MG Properties Group has acquired the 270-unit Trillium Papago Apartments in Phoenix for approximately $36.2 million, the private investment company announced.

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Poway Industrial Building Sold for $14.4 Million

An affiliate of CT Realty has purchased a Poway industrial building housing General Atomics Aeronautical Systems Inc. for $14.4 million, the Aliso Viejo-based property investment company announced.