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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Permanent 10,000-Seat Outdoor Venue for Symphony Proposed

After years of debates, lawsuits and postponements afflicting various waterfront projects in downtown San Diego — some of which are now being built — residents and government leaders may be ready for something a little more harmonious.

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Lack of Supply Drives Rents Up Across Entire Market

PROPERTY: Industrial Opportunities Limited To Suburban Submarkets

Fueled by steady job growth, San Diego County’s commercial real estate scene in 2015 saw a continuation of post-recession trends including dropping vacancy rates and rising rents.

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Perfectly Tucked Away in La Jolla Is a Lovely Family Paradise

Most people who live in or visit La Jolla don’t drive through the Muirlands to get anywhere — unless, of course, you’re a resident. One of La Jolla’s largest neighborhoods, Muirlands is also among the most sought after for this very reason.

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Former Downtown Rental Car Building Sold for $3 Million

Pacifica Cos. of San Diego has acquired a downtown building most recently occupied by Fox Rent A Car for $3 million, with plans to redevelop it as a self-storage facility, according to brokerage company ECP Commercial.

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Solid Ground

San Diego Market Somewhat Insulated From External Volatility

The start of 2016 had many kinds of investors reaching for the Pepto-Bismol, as the year began with a severe economic slowdown in China, a global plunge in oil prices, and widespread volatility in U.S. stock markets.

Emmes Adding Fitness Center at Downtown San Diego Tower

Property owner Emmes Realty Services LLC will have a new Crunch Fitness gym operating at its 701 B office tower later this year, following a $3.5 million renovation of the downtown San Diego building.

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El Cajon Apartment Property Sells for $2.2 Million

San Diego investors Erik and Kristyn Thompson have acquired the 16-unit Las Palmas Apartments in El Cajon for approximately $2.2 million, according to brokerage firms ACRE Investment Real Estate Services and ACI Apartments.

Apartment Developer Buys Portion of Irvine’s Colton Plaza

PROPERTY: Garden Communities Is Planning Multifamily Development

San Diego-based Garden Communities of California has bought a multibuilding portion of the Colton Plaza office campus next to John Wayne Airport where the company plans to build a big multifamily project.

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Hotel Proposed at Former Site of Convention Center Expansion

REAL ESTATE: Project Requires Approval From Port, Coastal Commission

Local developers The Robert Green Co. and Fifth Avenue Landing LLC are proposing an 831-room, $270 million hotel, slated for the downtown waterfront site where an extensive expansion of San Diego Convention Center was previously proposed.

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Portland Firm Buys El Cajon Industrial Park for $29.8 Million

Harsch Investment Properties of Portland, Ore., recently purchased a six-building industrial park in El Cajon for approximately $29.8 million, according to the buyer and CoStar Group data.

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Carlsbad Apartment Property Sold for $3.24 Million

San Diego investor Jing Zeng has acquired the nine-unit Centella Apartments in Carlsbad for approximately $3.24 million, according to brokerage company Marcus & Millichap.

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Scripps Ranch Business Park Sells for $6.12 Million

Locally based Sunwood Ventures has purchased El Dorado Business Park in Scripps Ranch for approximately $6.12 million, according to brokerage company Cushman & Wakefield.

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Historic Bankers Hill Building to Become Affordable Senior Apartments

LISC San Diego, a community development support organization, has made a $5.8 million loan to Housing Development Partners (HDP), to finance acquisition and closing costs for a planned $16.4 million renovation of the historic New Palace Hotel apartment property in Bankers Hill.

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Rancho Bernardo Office Building Sold for $2.1 Million

Locally based WeMo Holdings LLC, which operates as Axis Medical Technologies, has purchased the Madera Plaza office building in Rancho Bernardo for $2.1 million, according to brokerage company Colliers International.

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San Diego Apartment Property Sold for $14 Million

A New York City buyer recorded as College Grove 6410 LLC has acquired a 45-unit apartment property in eastern San Diego for $14 million, according to CoStar Group and public data.