San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

LPL Celebrates New Digs, 'the Largest Net-Zero Energy' Commercial Office in U.S.

LPL Financial LLC, the independent broker-dealer that has about 2,000 employees here, celebrated the opening of its 13-floor, new office tower in the University Towne Center neighborhood April 2.

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Realty Income Stock Offering Raises $528.5 Million

Realty Income Corp. (NYSE: O) has closed on a public stock offering that raised approximately $528.5 million in net proceeds, after underwriters exercised options to purchase an additional 1.8 million shares, company officials said.

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Miramar Industrial Buildings Sold for $6.5 Million

PB Miramar Distributions LLC of Commerce has purchased a three-building industrial property in Miramar for $6.5 million, according to CoStar Group and public data.

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Downtown Office Building Sells for $5.3 million

Rossi-Kettner LLC of Long Beach has purchased a downtown office building for $5.3 million, according to CoStar Group and public data.

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Spring Valley Apartment Community Sold for $5.65 Million

Doug Wetton Properties Inc. of Newport Beach has acquired the 46-unit Kenora Terrace apartment community in Spring Valley for $5.65 million, according to real estate services provider HFF Inc., which represented the seller.

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Realty Income Stock Offering Is Expected to Raise $459.5 Million

Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.

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Oceanside Retail Center Sold for $12.6M

Doerken Properties Inc. of Santa Monica has purchased the Flags on Mission Shopping Center in Oceanside for $12.6 million, according to brokerage company Lee & Associates, which represented the buyer and seller.

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Oceanside Retail Center Sells for $12.6 Million

Doerken Properties Inc. of Santa Monica has purchased the Flags on Mission Shopping Center in Oceanside for $12.6 million, according to brokerage company Lee & Associates, which represented the buyer and seller.

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Realty Income Stock Offering Expected to Raise $459.5 Million

Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.

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Comeback on Course at Warner Springs Resort

PROPERTY: Renovation’s First Phase Brings Back Golfing

A $50 million overhaul undertaken last year by Pacific Hospitality Group Inc. will begin to bear fruit this summer, when the developer reopens the newly renovated golf course at the historic Warner Springs Ranch Resort.

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Sorrento Valley Industrial Buildings Sold for $6.7 Million

CM Management Services Inc. of Del Mar has purchased a two-building industrial property in Sorrento Valley for approximately $6.7 million, according to CoStar Group and public data.

Petco Park’s Stats Show Its Impact on East Village and Region

In advance of the Padres’ opening night game March 30, a local think tank released a report on the team’s economic impact in the region last year, estimating the net impact at $44.3 million based on spending by out of town visitors.

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Poway Industrial Building Sells for $11.5 Million

Sorrento West Properties Inc. of San Diego, a real estate holdings entity of General Atomics, has purchased a Poway industrial manufacturing building for $11.5 million, according to CoStar Group and public data.

Chula Vista City Manager to Retire July 1

Jim Sandoval, Chula Vista’s city manager for the last six years, said he’s retiring effective July 1.

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San Diego Firm Buys Pasadena Retail Property for $10.8 Million

Investment firm Paragon Real Estate Fund of San Diego has purchased the retail portion of Pasadena Collection, a mixed-use residential and commercial development in that city, for $10.8 million.