San Diego Business Journal


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

Realty Income Announces $600M Senior Note Offering

Realty Income Corp. has commenced a $600 million offering of senior unsecured notes, expected to close on Oct. 12, the San Diego-based company announced.

Tease photo

San Diego’s Strata Equity Group Partners on $720M Apartment Deal

San Diego-based Strata Equity Group Inc., in partnership with a private Mexican investor group, has acquired a four-state, 24-property apartment portfolio for approximately $720 million.

Tease photo

Mayor Cites Protections, Backs Measure C

POLITICS: Chargers Agree to 8 Conditions, Including Cap on Costs

Mayor Kevin Faulconer has endorsed Measure C, the San Diego Chargers’ November ballot proposition to finance a $1.8 billion downtown stadium with convention facilities, after the team agreed to eight conditions including a cap on project costs.

Tease photo

Poway Is Home Run for Raising Family in a Luxurious Setting

WalletHub, a financial services company owned by Washington, D.C.-based Evolution Finance Inc., just released the results of a 2016 research project to determine the best places to raise a family in California. Of the 240 California cities surveyed, Poway came in at No. 17, the highest in San Diego County.

Parties Stake Out Their Ground in Chargers’ Measure C Debate

During a recent debate forum at Liberty Station regarding the San Diego Chargers’ proposed downtown “convadium,” moderator Lynn Reaser of Point Loma Nazarene University commended both sides for avoiding the combative tone of the first U.S. presidential debate held two days earlier.

Tease photo

East County Considering Options for Gillespie Field Area

ECONOMY: Financing District on the Table as Aerotropolis Is Delayed

With federal funding stalled, East County officials are seeking alternatives for turning the area near the county-run Gillespie Field airport in El Cajon into a job-generating commercial hub with corporate and aviation-serving commercial amenities.

Tease photo

San Diego Firm Buys Wildomar Apartments for $78.5 Million

San Diego-headquartered R&V Management Corp. has purchased a 312-unit apartment property in Wildomar for $78.5 million, according to brokerage firm Berkadia.

Pathfinder Partners Buys 2 Arizona Multifamily Properties for $34.1M

Pathfinder Partners LLC of San Diego has purchased two Arizona apartment properties totaling 300 units for a total of $34.1 million, the company announced.

Tease photo

Imperial Beach Mixed-Use Property Sold for $3.3 Million

Somo Family Revocable Trust of San Diego has acquired a mixed-use retail and residential property in Imperial Beach for $3.3 million, according to brokerage firm Colliers International Group Inc.

Investment Firm’s San Diego Office Partnering on Anaheim Apartments

The San Diego regional office of investment and development firm JPI announced that it is partnering with Grand China Fund of Beijing in a $255 million joint venture to develop 747 luxury apartments in Anaheim.

Tease photo

Developer Plans New Office Campus After $4.8M Carlsbad Land Buy

RAF Pacifica Group has acquired a 4.43-acre land parcel in Carlsbad for $4.8 million, with plans to build a new speculative office campus. The deal is the latest in a recent string of North County property acquisitions by the Encinitas-based company.

Tease photo

Westcore Buys 22-Building Industrial Portfolio for $75 Million

Westcore Properties has acquired a four-campus industrial property portfolio, with a total of 22 buildings in three North County submarkets, for approximately $75 million, the San Diego-headquartered company announced.

Harper Construction Co. Awarded $33.8M Army Contract

The U.S. Army awarded Harper Construction Co. Inc. a fixed-price, $33.8 million contract to design and build a depot maintenance dock hangar. Work will run through September 2018.

Downtown Partnership Board Supports Chargers’ Ballot Measure

The Downtown San Diego Partnership announced Sept. 30 that its board of directors has voted to support the San Diego Chargers’ Measure C, which calls for a hotel tax hike to finance a proposed new stadium with convention facilities in East Village.

Tease photo

Contractor Completes $7M Renovation of U.S. Immigration Services Office

San Diego-based general contractor Pacific Building Group recently completed a $7 million tenant improvement project for the downtown office of the U.S. Citizenship and Immigration Services department, which is part of the federal Department of Homeland Security.