San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Carlsbad Building Housing ViaSat Sells for $13 Million

Investor Testa Family LP II, based in Huntington Beach, has acquired a Carlsbad office building fully occupied by ViaSat Inc. for $13 million, according to brokerage firm Marcus & Millichap.

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Rental Condo Property in National City Sold for $15.8 Million

An Irvine buyer recorded as 12th Street Apartments LLC has purchased the 61-unit Centro Condominiums rental property in National City for $15.8 million, according to brokerage firm Berkadia.

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Home of The Month - A Summer Palace

Referred to as the “Downton Abbey of Coronado,” this historic property is one of Coronado’s most palatial estates.

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UC San Diego Health Delivers a Timely Investment in Care

MEDICINE: New $943M Medical Center to Fill Growing Need in County

The $664 million UC San Diego Health originally expected to spend building a new hospital in La Jolla would have been quite a bargain, even if it didn’t look that way when the plan was announced April 1, 2010. (And no, it wasn’t an April Fools’ joke).

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Some See Employers as Part of Housing Solution

HOUSING: Cos. May Have to Act to Keep S.D. Competitive

It didn’t sound like real estate advisor Gary London was toning things down in his recently published assessment that San Diego’s housing shortage has become an impending crisis for local employers and that the latest approach to solving it could backfire and contribute to an “unprecedented economic challenge.”

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Developer Begins Work on $25M Chula Vista Apartment Project

Los Angeles-based LaTerra Development LLC has started construction on Stone Creek Casitas, a $25 million project in Chula Vista that will have 97 garden-style apartments.

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Miramar Industrial Building Sells for $3.94 Million

A San Diego buyer recorded as RM-Use LLC has acquired a Miramar industrial building for approximately $3.94 million, according to CoStar Group and public data.

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Oceanside Retail Center Sold for $23.2 Million

Illinois-based InvenTrust Properties Corp. has acquired the Old Grove Marketplace retail center in Oceanside for approximately $23.2 million, the company announced.

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San Diego Firm Buys Santa Rosa Apartments for $43 Million

San Diego-based Davlyn Investments Inc. has purchased a 138-unit apartment community in Santa Rosa for $43 million, the company announced.

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Escondido Office Building Sells for $6.9 Million

Torrance-based Showprop Pico Rivera LLC has acquired a 25,380-square-foot office building in Escondido for $6.9 million, according to the seller, San Diego-based SENTRE Inc.

Report Calls for Enhanced ‘Placemaking’ in S.D.

The city of San Diego can do more to meet community and business goals by creating a sense of place in its individual neighborhoods, according to a new report by the regional nonprofit Circulate San Diego.

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Lakeside Apartment Property Sold for $3.3M

San Diego investor Roger Carr has acquired a 20-unit apartment complex in Lakeside for $3.3 million, according to brokerage firm Apartment Consultants Inc., also known as ACI.

The New Home Co. Is Expanding Into San Diego County

REAL ESTATE: OC Firm to Build 133 Homes In Civita Development

New Home Co. has bought land for its first homebuilding project in San Diego, and is also expanding its reach in Orange County through a new project at the La Floresta development in Brea.

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Wave of Renovations and Redevelopments Hits the Village

Whatever you call it, the Village of La Jolla — aka Downtown La Jolla, aka La Jolla Cove — has been on a tear for the past two years when it comes to commercial real estate.

JLL Report: San Diego Life Science Leasing Remains Strong

Tenant demand for life science real estate in San Diego remains robust so far in 2016, even as leasing activity has declined from levels seen in the first half of 2015, according to a new report from brokerage firm JLL.