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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Expansion Plans Run Into Space Limitations

PROPERTY: Retail Gathering Highlights Diverse Interests in Region

When it comes to U.S. retail expansion, discounts and caffeine rule. And there’s no longer a one-size-fits-all “box” — big or small, online or offline — when it comes to retailers and restaurant chains looking to expand at a time when good locations are tough to find, especially in places such as San Diego County.

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Pro-Growth Plans

PROPERTY: Discount Retailers and Eateries Look to Add Locations

Seven years after the official end of the Great Recession, there’s still a distinct discount-minded focus among nationwide retail and restaurant chains looking to expand their footprint in the coming year.

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Vista Industrial Park Sold for $7.5 Million

A Santa Barbara private investor recorded as La Mirada Drive LLC has acquired a three-building industrial business park in Vista for $7.5 million, according to brokerage firm Lee & Associates.

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Industrial Property in Oceanside Sells for $3.5 Million

Coastal Investment 2 LLC of Santa Barbara has purchased an Oceanside industrial building for $3.5 million, according to brokerage firm Lee & Associates.

Local Construction Starts Down 23 Percent in First 4 Months of 2016

The value of San Diego County’s construction starts declined 23 percent from the year-ago period in the first four months of 2016, totaling just over $831.8 million, according to the latest monthly figures from Dodge Data & Analytics.

BNBuilders Begins Remodel at Scripps La Jolla

BNBuilders, a general contractor with a San Diego office, announced the start of the remodel of the obstetrics unit at Scripps Memorial Hospital La Jolla May 31.

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San Marcos Industrial Building Sold for $3.5 Million

Cross Development of Carrollton, Texas, has acquired a San Marcos industrial building for approximately $3.5 million, according to brokerage firm Lee & Associates. The property will be occupied by Caliber Collision, a nationwide provider of collision repair services.

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University of California Regents Buy Torrey Pines Office Campus for $134.1 Million

The Oakland-based Regents of the University of California, which oversees the statewide public university system that includes UC San Diego, has acquired a five-building office campus at Torrey Pines for approximately $134.1 million, according to CoStar Group and public data.

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Office Project Planned After $2.9M Land Buy in Carlsbad

Burke Real Estate Group of Costa Mesa has purchased a 3.1-acre land parcel in Carlsbad for $2.9 million, with plans to develop a two-story creative office building, according to brokerage firm CBRE Group Inc.

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Irvine Co. Opens New UTC Office Building, with Another Underway

Irvine Company’s office property division has opened its new three-story Eastgate Summit at University Towne Center, and has construction underway on a nearby building called Eastgate Terrace. The projects represent a total investment of more than $50 million by the Newport Beach-based company.

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Rhonda Beathard to Lead Mason-McDuffie Mortgage Corp.'s New La Jolla Office

Mason-McDuffie Mortgage Corp., a privately held mortgage banking firm headquartered in San Ramon, is opening an office in La Jolla.

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Apartments Planned Following $6.1M Purchase of San Diego Hotel

Fowler Property Acquisitions LLC of Newport Beach has acquired Hotel Metro, in downtown San Diego’s East Village, for $6.1 million. Plans call for redeveloping the property into market-rate studio apartments, according to brokerage firm CBRE Group Inc.

Jackie Robinson YMCA Breaks Ground on New Facility

The Jackie Robinson Family YMCA celebrated the groundbreaking of its new $31.5 million, 50,000-square-foot community center in southeastern San Diego on May 20.

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‘Passive House’ Designed for an Active Role in Sustainability

ENERGY: House Has Wind Turbine, Intelligent Energy Monitoring

Builders of a new house in Ramona are trying to change the future of the residential housing market by building green, ultra-low energy homes at a lower cost.

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Meeting the Demand Keeps Rents High at Medical Offices

PROPERTY: Offices Under Construction Are Already Leased

Rising demand for care services, along with limited new construction in high-demand submarkets, continue to make San Diego County a friendly place for owners of medical office buildings.