San Diego Business Journal

SD REAL ESTATE

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

Second Boutique Hotel Likely for Imperial Beach Coastal Location

For years, the city of Imperial Beach struggled to capture the attention of upscale hotel developers and beach visitors more focused on places like Coronado, La Jolla and Del Mar. Now it appears that conditions are lining up for the city to get its second boutique hotel along Seacoast Drive.

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Charter School Operator Buys Poway Property for $2.35 Million

Charter school operator Element Education Inc. of Escondido has purchased a commercial daycare center building in Poway for $2.35 million, according to brokerage company Pacific Coast Commercial, which represented the buyer.

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San Diego Retail Building Acquired for $2.46 Million

Andrew Gray Trust of San Diego has purchased a multi-tenant retail building in the city’s Morena neighborhood for $2.46 million, according to brokerage company Lee & Associates, which represented the seller.

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Office Building Near Mission Bay Sold for $3 Million

JWJ Properties One LLC of San Diego has purchased an office building near Mission Bay for $3 million, according to brokerage company Colliers International, which represented the seller.

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Joint Venture Buys Vista Apartment Property for $86.2 Million

Los Angeles-based TruAmerica Multifamily and joint venture partner Investcorp of New York announced their purchase of the 456-unit Waterleaf Apartments in Vista for $86.2 million, in an off-market transaction.

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Vista Retail Center Sells for $10.2 Million

Gershman Properties of Los Angeles has acquired the Breeze Hill Plaza retail center in Vista for approximately $10.2 million, according to retail property advisory firm Faris Lee Investments, which represented the seller.

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Two Sorrento Valley Properties Sold for $23.1 Million

Buchanan Street Partners of Newport Beach has purchased two neighboring office and industrial buildings in Sorrento Valley for approximately $23.1 million, according to CoStar Group and public data.

Illumina to Consolidate Bay Area Operations at New Campus

BioMed Realty Trust Inc. announced Monday that Illumina Inc. signed a 15-year lease for a new campus in Foster City.

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Poway Industrial Building Sold for $3.35 Million

Local investors Robert and Elizabeth Burke have purchased a Poway industrial building for $3.35 million, according to brokerage firm Pacific Coast Commercial, which represented the sellers.

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Rexford Buys Kearny Mesa Industrial Complex for $32.3 Million

Los Angeles-based Rexford Industrial Realty Inc. announced that it has purchased a 13-building industrial complex in Kearny Mesa for $32.3 million.

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Hines-Oaktree Venture Acquires Carlsbad Property for $20.7 Million

Houston-based Hines and a fund managed by Oaktree Capital Management LP of Los Angeles have partnered to acquire a Carlsbad office and industrial building known as Palomar Center for $20.7 million, according to CoStar Group and public data.

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Historic San Diego Apartment Building Sold for $2 Million

A Carlsbad entity recorded as 1545 Second Avenue LLC has purchased the century-old Wilsonian Hotel, a 36-unit apartment property in downtown San Diego’s Cortez Hill neighborhood, for approximately $2.07 million, according to brokerage company Marcus & Millichap Inc.

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Mixed-Use Property in Point Loma Sells for $2.5 Million

Investor Anna Kioutas has purchased a mixed-use retail property in Point Loma, known as the Loma Building, for $2.5 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

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Serra Mesa Apartments Sold for $8.4 Million

Patio Village Apartments LLC and SNM Realty Partners have acquired the 54-unit Patio Village Apartments, in San Diego’s Serra Mesa neighborhood, for $8.4 million.

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Home of the Month: Exquisite Elfin Forest Estate

Perched at the top of Paint Mountain in Elfin Forest is one of the most unique and talked about homes in San Diego.