San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Scripps Opens Critical Care Pavilion as Part of $94M Expansion in Encinitas

Scripps Health announced the opening of the Leichtag Foundation Critical Care Pavilion, which includes a new emergency department and inpatient rooms at Scripps Memorial Hospital Encinitas.

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Sorrento Mesa Industrial Buildings Sold for $18 Million

LGGS Sorrento LLC, a unit of Foster City-based Legacy Partners Commercial Acquisitions, has purchased a four-building industrial portfolio in Sorrento Mesa for approximately $18 million, according to CoStar Group and public data.

Real Estate Firm’s Service Targets Sellers Needing Quick Cash

Renovation Realty, a San Diego residential contractor and full-service real estate firm, said it launched a new service it calls Sell Your Home Quick aimed at homeowners who need to sell their homes quickly for cash.

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Parallel Capital Nears Completion on $12 Million in Office Renovations

San Diego-based investment firm Parallel Capital Partners is nearing completion on $12 million in renovations to its local portfolio of 26 office, laboratory and research-and-development properties.

Coldwell Banker Residential Acquires Assets of Middleton Team

Coldwell Banker Residential Brokerage Southern California said it acquired the assets of Middleton Team Inc. in La Jolla, doing business as Middleton & Associates, a boutique luxury real estate brokerage.

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Cleveland Developer Buys Land Under Downtown Apartments for $6 Million

FC Cortez Hill Associates LP of Cleveland bought The Heritage, a 230-unit apartment property in downtown San Diego’s Cortez Hill neighborhood, for $6 million.

You Can Find That Connection to the ‘Soil’ … or Sand in Carlsbad

A sense of place. If you have never felt it, you won’t understand. It’s that sense of roots, of history, of landscape and connection, yet it is impossible to describe.

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San Diego State to Start Building Mixed-Use South Campus Plaza

DEVELOPMENT: $142.7M Project Will Create More Of a Residential Campus

San Diego State University plans to begin construction in September on South Campus Plaza, a long-planned $142.7 million mixed-use project with 600 student housing units, retail offerings and a new parking structure.

Small Biotechs Add Up To Demand for Space

PROPERTY: REITs Play Bigger Role in Local Market

As big global pharmaceutical companies reduce their San Diego real estate footprints, plenty of smaller firms are moving to take up spaces in various configurations in markets like Torrey Pines.

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Local Construction Contracts Up 60 Percent in First Five Months of 2014

Contracts for future construction in San Diego County rose 60 percent from a year ago in the first five months of 2014, topping $2.3 billion, according to data from McGraw Hill Construction.

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Luxury-Oriented Duty Free Store Opening in San Ysidro

Duty Free City plans a late July opening for a new upscale duty-free retail store in San Ysidro, the first of approximately 25 new U.S. locations slated to be opened by the Florida-based retailer at border crossings with Mexico and Canada.

San Diego Ranks Third Nationally Among Life Science Clusters

San Diego ranks third among U.S. cities for the economic health of its life sciences cluster, scoring high in a newly issued report on factors including research facilities, funding access and critical mass of startup and midtier companies.

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Excel Trust Completes $167.6 Million Common Stock Offering

San Diego-based Excel Trust Inc. completed a public offering of common stock, with total proceeds of about $167.6 million and net proceeds of $160.6 million after underwriting and related expenses.

County's Housing Market Value Is Up Slightly in April

The value of San Diego’s housing market continued to rise in April albeit by only 0.8 percent above a March index, according to the latest S&P/ Case-Shiller price index report.

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Miramar Industrial Property Sells for $7.95 Million

Del Mar-based Solana Enterprises has acquired an 83,335-square-foot Miramar industrial property for $7.95 million, according to brokerage company Cassidy Turley, which represented the buyer and seller.