San Diego Business Journal


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

ROIC Reports 50 Percent Rise in Third Quarter Revenue

Total revenue at Retail Opportunity Investments Corp. rose 50 percent from a year ago in the third quarter ending Sept. 30, reaching $40.9 million, officials of the San Diego-based company reported.

Academy Gives the I.D.E.A. District Its E: Education Component

It’s looking like the education component will make the first big impact in downtown San Diego’s long-discussed I.D.E.A. District — a mixed-use conversion of a rundown East Village neighborhood into what’s been envisioned as a lively hub for innovation, design, education and the arts.

Tease photo

Third-Quarter Revenue Rises 6 Percent at BioMed Realty Trust

San Diego-based BioMed Realty Trust Inc. saw total revenue rise 6 percent from a year ago in its third quarter ending Sept. 30, reaching $168.9 million, with rental revenue for the period hitting a company record $122.8 million.

Apartments Planned at San Diego Site Acquired for $3.5 Million

Rize Eagles LLC has purchased a 1.8-acre parcel in San Diego’s College area for $3.5 million, with plans to develop a new apartment community, according to brokerage company Colliers International.

Tease photo

Wermers Completes $6.5 Million Kensington Apartment Project

San Diego-based Wermers Multi-Family Corp. recently completed construction of Kensington Commons, a 34-unit apartment project on Adams Avenue in the city’s Kensington neighborhood.

Tease photo

Realty Income Reports Third-Quarter Gains in Revenue, Income

Realty Income Corp. posted a 16.6 percent gain in revenue from a year ago and a 40.8 percent rise in net income available to common stockholders for its third quarter ending Sept. 30.

Tease photo

County Construction Contracts Up 30 Percent in First 9 Months

San Diego County’s contracts for future construction rose 30 percent in value for the first nine months of 2014 compared with the same year-ago period, topping $3.2 billion, according to the latest data from McGraw Hill Construction.

Tease photo

Richman Group Begins Work on $28 Million Seniors Community

La Jolla-based Richman Group of California has broken ground on a $28 million, 95-unit affordable apartment community for seniors in downtown Fullerton.

Tease photo

Hillcrest Apartment Project Gets $7.46 Million in Construction Financing

Real estate and capital services provider HFF has secured $7.46 million in construction financing for a planned 36-unit apartment building in Hillcrest, being developed by San Diego-based Veritas Urban Properties.

Tease photo

Alexandria Buys Sorrento Mesa Office Property for $13.1 million

Alexandria Real Estate Equities Inc. of Pasadena has acquired the two-building Barnes Canyon Center office property in Sorrento Mesa for $13.1 million, according to CoStar Group and public data.

Tease photo

Hyatt Place Hotel in Vista Sells For $22 Million

An entity recorded as HP Vista LLC has purchased the 150-room Hyatt Place hotel in Vista for $22 million, according to CoStar Group and public data.

Coldwell Banker Ranked No. 1 For Listings Through August

Coldwell Banker was ranked No. 1 in San Diego County for listing unit, buyer units, total units and sales volume through the end of August, according to the most recent Trendgraphix Market Share Report.

Tease photo

Carlsbad Office Campus Sells for $9.5 Million

Dallas-based Lincoln Property Co. and Artemis Real Estate Partners of Maryland have purchased the three-building Research Center Plaza in Carlsbad for $9.5 million, according to CoStar Group and public data.

Tease photo

LA Firm Arranged $95M Financing for Pendry San Diego

George Smith Partners, a Los Angeles-based commercial real estate investment banking firm, has arranged $95 million in construction financing for development partners The Robert Green Co. and Montage Hotels & Resorts of Laguna Beach to construct Pendry San Diego, a new 317-room luxury Montage-branded hotel in the Gaslamp Quarter, according to George Smith Partners’ Principal Malcolm Davies.

Port Selects Company to Negotiate on Chula Vista Bayfront Project

DEVELOPMENT: Resort Hotel Would Be Centerpiece of Waterfront

The board of Port Commissioners announced the selection of RIDA Development Corp. to enter negotiations to develop a destination resort and convention center on the Chula Vista Bayfront.