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PROPERTY: Council Goes Against Committee Pick for Development
Carlsbad officials will soon begin talks with operators on a planned expansion and re-branding of the Sheraton Carlsbad Resort & Spa, after rejecting a new Legoland California Resort hotel proposed for the same city-owned property.
Locally based investment firm Presidio Residential Capital has provided $8.2 million to build the first phase of a planned $18.8 million urban infill project in San Diego’s Golden Hill neighborhood.
Encin Real Estate of La Jolla has purchased an Oceanside retail building, which includes a McDonald’s restaurant, for approximately $6.2 million.
Escondido-based Realty Income Corp. reported record operating results for its third quarter ending Sept. 30, with revenue up 70.2 percent from the year-ago period, to $199.3 million.
BioMed Realty Trust saw revenue rise 18.4 percent from a year ago in its third quarter ending Sept. 30, reaching $159.2 million.
San Diego City Council has given preliminary approval to a hike in “linkage” fees, assessed on commercial construction projects, by five times or more, to fund affordable housing development in the city.
Piazza D’Oro, a 221-unit multifamily and mixed-use complex in Oceanside which includes 17,000 square feet of leasable office space, sold for $81 million.
The U.S. Navy recently awarded a construction contract worth up to $12.8 million to San Diego-based I.E.-Pacific Inc.
PROPERTY: Lowe Said to Be Wanting to Buy, Redevelop Site
Lowe Enterprises’ real estate group is looking to buy and redevelop the Town & Country Resort & Conference Center, according to a lobbying disclosure form filed with the city of San Diego.
About 100 elected officials from around San Diego took part in the official groundbreaking ceremony for Lindbergh Field’s Rental Car Center.
San Diego County’s contracts for future construction dropped 13 percent from a year ago in the first nine months of 2013, according to new data released by McGraw Hill Construction.
PROPERTY: Projects to Craft Pedestrian-Friendly Destination
San Marcos next year could see pieces start falling into place for something the city has long been awaiting: a central, pedestrian-friendly downtown to call its own.
News and notes from communities around San Diego County
Property owners in Imperial Beach may soon get flexibility to build apartments in the city’s commercial sections. City officials said there is little demand for all the retail space in the city.
ARCHITECTURE: Aim Is To Cultivate New Markets, Expanding in Pacific Rim
As the new chief operating officer of San Diego’s Carrier Johnson + Culture, Vincent Mudd plans to apply the same big-picture approach deployed in his past civic leadership work — with the San Diego Regional Chamber of Commerce and Economic Development Corp., among other entities — to the highly competitive architectural industry.
Arthur J. Gallagher & Co. has acquired San Diego-based G.S. Levine Insurance Services Inc. for undisclosed terms, the buyer announced Oct. 24.