San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Carlsbad Office Property Sells for $5.8 Million

Sunwood Pacific Ridge LLC of San Diego has purchased Pacific Ridge Commerce Center in Carlsbad for $5.8 million, with plans for significant renovations of the office and industrial park.

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Realty Income Names New Chief Operating Officer

Escondido-based Realty Income Corp. has appointed Sumit Roy to the post of chief operating officer, effective Oct. 1.

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San Diego Apartment Building Sells for $3.95 Million

Investor Matthew Rattner has purchased the 29-unit Windsong Apartments, in San Diego’s Rolando/SDSU neighborhood, for $3.95 million, according to brokerage firm Apartment Consultants Inc. (ACI), which represented the buyer and seller.

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Spring Valley Apartment Property Sells for $3.65 Million

Carv Properties LLC of Chula Vista has acquired the 28-unit Greenwood Villas Apartments in Spring Valley for $3.65 million, according to CoStar Group and public data

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Bottega Americano Opening in East Village at Law School Building

Operators planned an Aug. 31 opening for Bottega Americano, an Italian-style restaurant and specialty food marketplace in downtown San Diego’s East Village.

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Escondido Apartment Complex Sells for $9.9M

Claus Family Trust of Del Mar has purchased Windsong Villas, a 67-unit apartment complex in Escondido, for $9.9 million, according to CoStar Group and public data.

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Harper Construction Finishes $2.67 Million Sheriff’s Substation

Harper Construction Co. of San Diego has completed a new $2.67 million San Diego County Sheriff’s substation, which opened recently at 28914 Old Highway 80 in Pine Valley.

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Coronado’s Coastal Showhouse

Coronado was the recipient of a nationwide honor recently when Coastal Living Magazine selected a house at 100 Ocean Drive for its 2014 Showhouse.

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Drought-Resistant Landscaping Demand Is in Full Bloom

PROPERTY: Water Shortage Brings Changes In Attitudes, Regulations

New emergency water-use restrictions enacted by the state of California, aimed at reducing outdoor water consumption in urban areas, are bringing home conservation themes that local landscape architects have been preaching for years.

New Law Ensures That Brokers Disclose Roles

REAL ESTATE: Commercial Rules To Be Toughened Jan. 1

Gov. Jerry Brown recently signed into law new broker disclosure rules bringing commercial real estate into line with what is already required in residential real estate.

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Balfour Beatty Completes First Phase of $221.5 Million Detention Facility

The San Diego office of Balfour Beatty Construction recently completed the first phase of the two-phase, $221.5 million Las Colinas Detention and Re-entry Facility in Santee.

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San Diego County Construction Project Values Rise 42 Percent

San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.

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Escondido Apartment Property Sells for $10.8 Million

Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.

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Governor Park Office Building Sold for $3.9 Million

Locale Advisors Inc. of San Diego has purchased an office building in the city’s Governor Park neighborhood for approximately $3.9 million, according to a statement from the real estate investment firm.

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Mission Valley Office Building Sells for $3.3 Million

West Coast Development of Mission Viejo has purchased a Mission Valley office building for approximately $3.3 million, according to CoStar Group and public data.