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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Kilroy Breaks Ground on One Paseo in Carmel Valley

Kilroy Realty Corp. has begun construction on One Paseo, the developer’s $660 million mixed-use project in Carmel Valley. The 23.6-acre, multi-phase development is slated to include shops, restaurants, apartments, offices and public plazas.

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REIT Veteran Gold Enters Cannabis Space

REAL ESTATE: Lease-Back Deals Within Framework of Federal Laws

Real estate industry veteran Alan Gold wants to make it clear that his new San Diego-based company’s mission is about the property, not the pot.

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Carlsbad Office Building Sells for $2.49 Million

Lake Street Burbank LLC of San Diego has acquired a Carlsbad office building for approximately $2.49 million, according to brokerage firm Marcus & Millichap.

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Report: County Saw 43 Percent Boost in New Hotel Room Development in 2016

San Diego County added more than 1,000 new hotel rooms to its inventory during 2016, an increase of 43 percent from the number added in 2015, according to the latest year-end California hotel development survey from brokerage and research firm Atlas Hospitality Group.

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Work Begins on $56 Million Residential Development in San Marcos

Builder CaliforniaWest and investment firm Presidio Residential Capital have begun construction on the first model homes at Westerly, a new 71-home neighborhood in San Marcos with a total retail value of $56 million.

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Investors Propose Privately Funded Soccer/Football Stadium at Mission Valley

A local investor group wants to acquire the 166-acre Mission Valley site that currently houses Qualcomm Stadium from the city, to develop a privately funded, mixed-use entertainment district that would include a new stadium for San Diego State University and potentially a professional soccer team.

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These Were 2016’s Biggest Retail Property Deals

With new construction scarce and empty store spaces quickly being filled, San Diego County’s retail property vacancy rate keeps getting lower – 3.8 percent at the end of 2016, according to a recent report by CoStar Group.

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Fallbrook Apartment Complex Sold For $3.57M

DiPiero Family Trust of Escondido has acquired a 25-unit apartment property in Fallbrook for approximately $3.57 million, according to brokerage firm Lee & Associates.

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Illinois Firm Buys San Marcos Retail Center for $73.3 Million

Illinois-headquartered InvenTrust Properties Corp. has purchased the Campus Marketplace retail center in San Marcos for approximately $73.3 million, according to CoStar Group and brokerage firm Lee & Associates.

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Rental-Home Realities Likely to Reshape Some of the Market

“The new American dream involves a home, but it doesn’t necessarily involve the ownership of the home,” said Mitch Roschelle, a partner in the consulting firm PwC, during a recent forum presented by the University of San Diego’s Burnham-Moores Center for Real Estate.

Developers Applaud Mayor’s Plan to Streamline Housing Permits

ECONOMY: Transit-Centered Projects, Greater Density Also Being Pushed

Real estate developer Tony Pauker saw part of himself reflected in Mayor Kevin Faulconer’s new plan to solve San Diego’s housing crisis.

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La Mesa Apartment Property Sells For $19 Million

Vista Investment Group LLC of Los Angeles has acquired an 80-unit La Mesa apartment community for approximately $19 million, the company announced.

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Miramar Office-Industrial Property Sells for $4.1 Million

San Diego investors Peter and Pattiann Aardema have acquired a Miramar office and industrial property for $4.1 million, according to brokerage firm Pacific Coast Commercial.

Coldwell Banker Commercial Taps Brown to Lead San Diego Office

Coldwell Banker Commercial Southern California has hired Rhyne Brown to serve as executive managing director for the company’s San Diego regional operations.

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Kensington Apartment Property Sold for $2.2 Million

Newkirk Family Trust of San Diego has acquired an eight-unit apartment property in the city’s Kensington neighborhood for $2.2 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Colliers International Group Inc.