San Diego Business Journal


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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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.