SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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.
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.
Lake Street Burbank LLC of San Diego has acquired a Carlsbad office building for approximately $2.49 million, according to brokerage firm Marcus & Millichap.
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.
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.
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.
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.
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.
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.
“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.
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.
Vista Investment Group LLC of Los Angeles has acquired an 80-unit La Mesa apartment community for approximately $19 million, the company announced.
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 Southern California has hired Rhyne Brown to serve as executive managing director for the company’s San Diego regional operations.
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.