San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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San Diego Apartments Acquired for $3 Million

HS Partners LLC recently acquired a 20-unit apartment complex in eastern San Diego for $3 million, according to brokerage company Apartment Consultants Inc. (ACI).

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Carlsbad Office Building Sells for $28.1 Million

Denver-based Miller Global Properties LLC recently purchased the Ocean Ridge office building in Carlsbad for $28.1 million, according to CoStar Group and brokerage company CBRE Group Inc.

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Encinitas Office Property Sells for $4.75 Million

Investor Paul Meardon of San Diego has acquired an Encinitas office property for $4.75 million, according to brokerage company Marcus & Millichap Inc.

Single-Family Home Sales Increased 12 Percent in July

Sales of San Diego single-family homes rose 12 percent in July compared to the year before, with 2,250 sales recorded, according to the Greater San Diego Association of Realtors, though the figures are down from the month before.

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Port Staff Recommends 2 Finalists for Anthony’s Fish Grotto Site

Unified Port of San Diego staff have recommended that the port district enter into negotiations with two locally based finalists – Brigantine Inc. and Sunroad Enterprises -- to potentially replace Anthony’s Fish Grotto when its downtown restaurant lease expires.

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Home of the month: Equestrian Sanctuary

Old-world charm, grace and understated grandeur define the style of this equestrian estate.

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Bringing Out Their Best

PROPERTY: Walls Are No Longer the Limit as Developers Add Outdoor Workspaces and Amenities to the Office Mix

In the past two decades, San Diego County shoppers have been visiting malls converted into open-air “lifestyle centers” designed to take advantage of the region’s year-round friendly climate. Lately they’ve also been furnishing their homes’ patios and backyard decks with a growing array of furniture and appliances designed to bring their indoor living rooms to the outdoors.

Retailers and Others Finding the Right Space in Midway District

PROPERTY: New Tenants, Gulls’ Games Add to Area’s Standing

With pro hockey’s San Diego Gulls set to make their latest return flight to the Midway district this fall, the aging neighborhood that grew up around the city-owned sports arena has other new commercial elements in the works.

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Scripps Ranch Office Building Sold for $5.1 Million

Hill Properties, doing business as 9715 Businesspark Ave. LLC of La Jolla, has purchased a Scripps ranch office building for approximately $5.1 million, according to Voit Real Estate Services.

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North Park Apartments Planned Following $7.1 Million Land Buy

Phoenix-based Alliance Residential Co. has purchased a North Park land parcel for approximately $7.1 million, with plans to develop a new 118-unit apartment community, according to brokerage company CBRE Group Inc.

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Groundbreaking Space

PROPERTY: BioMed’s i3 Will Provide Location, Innovation and Inspiration

When BioMed Realty set out to build the i3 development in University Towne Center, its goal was to create a showpiece project to reflect the very best commercial space available for the growing life science industry.

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McGrath Retail Portfolio in Kearny Mesa Sold for $107 Million

San Diego- based HP Investors LLC has teamed with Clarion Partners of New York to purchase the McGrath family retail portfolio in Kearny Mesa for approximately $107 million, according to the buyers and local brokers.

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First Building Completed at Shelter Island Commercial Development

Developers Driscoll Inc. and United Development Group Inc. planned an Aug. 5 public ceremony to mark completion of the first of three new commercial buildings planned at Intrepid Landing, near America’s Cup Harbor at Shelter Island.

Home Values Gain 4.5 Percent in June, CoreLogic Reports

Home values in San Diego and Carlsbad rose again in June, gaining 4.5 percent over the past year, though homes appreciated 6.5 percent nationwide, according to a report from CoreLogic.

Developer Buys San Marcos Land for $17 Million

Seattle-based developer Intracorp Cos. has purchased two land parcels in San Marcos for $17 million, with plans to build an apartment community, according to brokerage firm Land Advisors Organization.