San Diego Business Journal


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

Small Biotechs Add Up To Demand for Space

PROPERTY: REITs Play Bigger Role in Local Market

As big global pharmaceutical companies reduce their San Diego real estate footprints, plenty of smaller firms are moving to take up spaces in various configurations in markets like Torrey Pines.

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Local Construction Contracts Up 60 Percent in First Five Months of 2014

Contracts for future construction in San Diego County rose 60 percent from a year ago in the first five months of 2014, topping $2.3 billion, according to data from McGraw Hill Construction.

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Luxury-Oriented Duty Free Store Opening in San Ysidro

Duty Free City plans a late July opening for a new upscale duty-free retail store in San Ysidro, the first of approximately 25 new U.S. locations slated to be opened by the Florida-based retailer at border crossings with Mexico and Canada.

San Diego Ranks Third Nationally Among Life Science Clusters

San Diego ranks third among U.S. cities for the economic health of its life sciences cluster, scoring high in a newly issued report on factors including research facilities, funding access and critical mass of startup and midtier companies.

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Excel Trust Completes $167.6 Million Common Stock Offering

San Diego-based Excel Trust Inc. completed a public offering of common stock, with total proceeds of about $167.6 million and net proceeds of $160.6 million after underwriting and related expenses.

County's Housing Market Value Is Up Slightly in April

The value of San Diego’s housing market continued to rise in April albeit by only 0.8 percent above a March index, according to the latest S&P/ Case-Shiller price index report.

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Miramar Industrial Property Sells for $7.95 Million

Del Mar-based Solana Enterprises has acquired an 83,335-square-foot Miramar industrial property for $7.95 million, according to brokerage company Cassidy Turley, which represented the buyer and seller.

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Santee Apartments Sold for $9 Million

Locally based Mountain View Villas LP has purchased the 66-unit Mountain View Villas apartment complex in Santee for $9 million, according to brokerage company Cushman & Wakefield Inc.

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NBC 7 Buys Kearny Mesa Building for New Studio, Offices

Local network television affiliate NBC 7 San Diego, which is owned by NBCUniversal Media LLC, has completed a $9.6 million acquisition of a Kearny Mesa office building, where it plans to relocate from its current downtown site.

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Irvine Co. Buys 2 UTC Office Buildings for $29.5 Million

The Irvine Co. of Newport Beach bought a two-building office complex recently vacated by LPL Financial Inc. at University Towne Center.

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Scripps Ranch Apartment Property Sells for $13.6 Million

Point Loma-based Scripps Terrace Apartment Homes LP has purchased the 67-unit Scripps Terrace apartment community in Scripps Ranch for approximately $13.6 million.

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Partnership Pays $40.1 Million for Sorrento Mesa Office Portfolio

A partnership including New York-based DRA Advisors LLC and Cypress Office Properties LLC of San Diego has purchased a three-project office portfolio in Sorrento Mesa for approximately $40.1 million.

Hotels, Retail, Amenities Increasingly Part of Office Development

The future of San Diego County’s office park development — and redevelopment — could be a continued blurring of the lines traditionally separating offices from hotel, retail and other types of commercial projects.

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Project Diversity Helps Put Penick & Sons Among Top Contractors

Construction: Work On Commercial Buildings in And Near NYC Part of Mix

Locally based construction contractors, including T.B. Penick & Sons Inc., continue to capitalize on a steadily improving economy, largely by maintaining a diverse roster of projects that span well beyond San Diego County’s borders.

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Developer Plans 2 Towers on Downtown Block

PROPERTY: $250 Million Mixed-Use Project Counts On Downtown Cachet

Zephyr Partners is counting on continued rising demand for residential units in downtown San Diego, with plans in the works for a $250 million mixed-use project with two high-rise condominium towers.