Consultants for the San Diego Chargers touted “significant positive impact” from a proposed $1.8 downtown stadium and convention facility, as the team unveiled final results of a 90-page consulting study that it commissioned.
San Diego County hotel revenue rose 3.5 percent from a year ago, topping $1.6 billion for the first seven months of 2016, even as occupancy dipped 0.4 percent to 78.4 percent, according to the latest monthly data from research firm STR.
Irvine-based land brokerage firm Province West has established an office in San Diego, managed by Vice President Eric Weitz. The expansion follows a recently announced strategic alliance between Province West and Scottsdale, Ariz.-based Nathan & Associates Inc.
Carlsbad-based Continuing Life Communities has acquired a 53-acre land parcel in San Diego’s Scripps Ranch neighborhood for $18.5 million, with plans to develop a new continuing care retirement community.
Locally based Waypoint Public, Board & Brew, and Piacere Mio are among four new restaurants joining the tenant lineup at Del Sur Town Center, a new retail property in northeastern San Diego’s Del Sur neighborhood.
New York-based Angelo, Gordon & Co. has acquired a two-building Sorrento Mesa office property for $28 million, according to brokerage firm JLL.
San Diego-based Cornerstone Communities and Presidio Residential Capital recently began construction on Brisas at Pacific Ridge, consisting of 117 two-story triplex townhomes in Oceanside. A statement from developers said the for-sale project will have a retail value of more than $57 million at completion.
PROPERTY: Prime Land Draws Interest; Sport Facing Challenges
Ever-changing business realities for the nation’s 14,000 golf course properties continue to be reflected in San Diego County, in the form of several recent sales, near-sales, closings and pending redevelopments.
The San Diego Tourism Marketing District will not formally campaign against the San Diego Chargers’ November ballot measure aimed at financing a downtown stadium and convention facility, despite issuing a consulting report that negatively critiqued the project.
TRAVEL: Stone’s Project May Rev Up the Business Climate
“We’re already getting emails from people saying they want to hold the first wedding at Stone Hotel,” said Steve Robbins, director of hospitality at Stone Brewing Co., describing public reaction to the recent announcement that the brewer is moving forward with plans for a full-service, 99-room hotel adjacent to its flagship Escondido brewing facilities.