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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Chula Vista Apartment Property Sold for $5.2 Million

A limited partnership recorded as Mark I has purchased the 28-unit Villa Hermosa apartment property in Chula Vista for $5.2 million, according to brokerage company Marcus & Millichap Inc.

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PRACTICALLY PERFECT BUILDINGS

New Structures Are Bright, Functional and Efficient

When the San Diego region’s architects and designers set out to create structures that are visually distinctive, creativity must be tempered by practicality.

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Midcity Mixed-Use Development Seen as a ‘Pioneering’ Project

PROPERTY: Plans for Block-Long Site Include Retail and Dining

Locally based H.G. Fenton Co. recently began work on The Boulevard, a 165-unit, mixed-use apartment community nearly a decade in the making in what has long been considered a blighted portion of central San Diego.

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Developer Completes $14 Million La Mesa Apartment Complex

Developer Silvergate Development LLC recently completed The Quarry, a $14 million, 60-unit apartment community in La Mesa.

Firms Buy Residential Land for $128 Million Chula Vista Project

Investment firm Presidio Residential Capital and developer Cornerstone Communities, both based in San Diego, have purchased 44 acres within Otay Ranch Village 2 in Chula Vista, for a planned $128 million single-family housing community.

Foreclosure Rate Drops in April, CoreLogic Reports

San Diego foreclosure rates dropped another tenth of a percent in April compared to last year, with 0.4 percent of outstanding mortgage loans foreclosing, according to CoreLogic.

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Former Elementary School Site Sells for $5.81 Million

A buyer recorded as Preface JCR Lake Atlin LLC has acquired a San Diego land parcel that formerly housed an elementary school for $5.81 million, according to brokerage company Colliers International.

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Sorrento Mesa Office Property Owners Complete $38 Million Renovation

Owners McCarthy Cook and AllianceBernstein have completed a $38 million renovation of the Enclave Sorrento office property in Sorrento Mesa, according to commercial real estate services company JLL.

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Nordstrom to Anchor Proposed Carlsbad Retail Center

Fashion retailer Nordstrom Inc. has signed an agreement to anchor a proposed Carlsbad retail center being developed near Interstate 5 by Caruso Affiliated of Los Angeles.

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In-N-Out Buys Former Carrows in Oceanside for $2.49 Million

In-N-Out Burgers of Baldwin Park has acquired an Oceanside property that most recently housed a Carrows restaurant for approximately $2.49 million, according to CoStar Group and public data.

Median Home Price Hits $530,000 in May, Up 7 Percent From Last Year

The median sale price of previously owned homes rose 7 percent in May compared to the year before, hitting $530,000 as sales picked up slightly, the Greater San Diego Association of Realtors said.

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UTC Retirement Condo Tower Part of $640 Million Sale

Pacific Regent La Jolla, a condominium tower in University Towne Center, is part of a 15-property, 11-state portfolio of retirement communities recently sold in a deal valued at approximately $640 million.

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Escondido Apartments Sold for $2.17 Million

Vista International Inc. has purchased a 15-unit apartment complex in Escondido for approximately $2.17 million, according to brokerage company ACRE Investment Real Estate.

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Golden Hill Apartment Property Sells for $2 Million

Barthell Family Trust has acquired a 10-unit apartment property in San Diego’s Golden Hill neighborhood for $2 million in an all-cash deal, according to brokerage company Marcus & Millichap Inc.

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Townhomes Slated at Chula Vista Site Acquired for $2.4 Million

Muraoka Enterprises LLC has purchased a 1.8-acre land parcel in Chula Vista for $2.4 million, with plans to build a 39-unit townhome development, according to brokerage firm Apartment Consultants Inc., also known as ACI.