SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Locally based Sunwood Ventures has purchased El Dorado Business Park in Scripps Ranch for approximately $6.12 million, according to brokerage company Cushman & Wakefield.
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.
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.
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.