San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Data Suggests a Brewing Craft Beer Bubble

They say markets in the late stage of a classic bubble go through a phase of hyper-creativity as indicators head due north. Exuberance and experimentation reign where caution is otherwise warranted.

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Batter Kay’s ‘Sculptures’ Crisply Define the Space They Inhabit

Janice Kay and Michael Batter of Batter Kay Associates have been building single-family, multifamily and commercial projects for the past 40 years, primarily in the San Diego area. Specializing in modern architecture, the award-winning couple has nearly 400 projects in their portfolio.

Net Space Absorption Continues on Powerful Pace for 2016

REAL ESTATE: Retail And Apartment Vacancies Remain Very Low

Sustained job growth and a generally strong national and local economy continued to fuel demand for office and industrial space in San Diego County during 2016’s third quarter, as apartments saw another quarter of rising rents and dwindling vacancies amid construction rates that still lag far behind demand.

HP Inc. Sells 8-Building Rancho Bernardo Campus

Tech giant HP Inc. has sold its eight-building office campus in Rancho Bernardo to San Francisco-based Swift Real Estate Partners, with plans to lease back much of the campus. Pricing on the deal was not immediately disclosed by either party or their brokers.

Port District Formally Selects $1.2 Billion Central Embarcadero Project

San Diego port district commissioners have formally selected Protea Waterfront Development’s $1.2 billion proposal for a mixed-use redevelopment of the 70-acre Central Embarcadero site that currently includes Seaport Village.

PrimeLending to Pay $1.6 Million to Settle Overcharge Allegations

PrimeLending, a Dallas-based non-bank residential mortgage lender and servicer with branches in San Diego and other California cities, will pay more than $1.6 million to settle allegations it overcharged hundreds of California borrowers for interest.

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Westcore Properties Buys Stockton Industrial Building for $6 Million

San Diego-headquartered Westcore Properties has acquired a Stockton industrial property for approximately $6 million, the investment company announced.

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Vista Apartment Property Sold for $2.17 Million

Investors Mitchell Nibbelink and Huyen Huynh of San Francisco have acquired a 10-unit apartment property in Vista for $2.17 million, according to brokerage firm South Coast Commercial Inc.

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Investment Firm Obtains $26.7M in Refinancing for Carlsbad Multifamily Property

Rancho Santa Fe-based Pacifica Enterprises recently obtained $26.7 million in refinancing for Bluwater Crossing, a Carlsbad multifamily property that it purchased last year.

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New Homes Planned after $2.75M Land Buy in Encinitas

BM Family Trust of San Diego has purchased a 1.67-acre residential land parcel in Encinitas for $2.75 million, with plans to develop four single-family homes, according to brokerage firm Colliers International Group Inc.

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Vista Retail Center Sells for $6.15 Million

Los Angeles-based Black Lion Investment Group has acquired a Vista retail center for $6.15 million, according to brokerage firm Marcus & Millichap.

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Hillcrest Apartment Property Sells for $3.5 Million

Hillcrest Place LLC of Laguna Beach has acquired a 15-unit apartment property in San Diego’s Hillcrest neighborhood for $3.5 million, according to brokerage firm Palma Commercial.

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Poway Industrial Buildings Sold for $24.6 Million

An affiliate of Newport Beach-based TA Realty has acquired a four-building portfolio of industrial buildings in Poway for $24.6 million, according to CoStar Group and public data.

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Chelsea Completes $32.9M in Affordable Housing Projects

Carlsbad-based Chelsea Investment Corp. recently completed two affordable-housing projects in San Diego with a total of 80 units, representing a total of $32.9 million in development.

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Manchester Buys Mister A’s Building in Bankers Hill for $71.5 Million

San Diego’s Manchester Financial Group, led by prominent local developer Douglas “Papa Doug” Manchester, announced that it has acquired the Bankers Hill property long known as the Mister A’s Building for $71.5 million.