San Diego Business Journal

Recent Stories

Multifamily Is Still Sitting Pretty as Vacancy Rate Hits 3.59%

As the brokerage company Cassidy Turley noted in a newly issued report, an apartment vacancy rate below 5 percent is considered a landlord’s market.

Changes Should Boost Chinese Tourism

TOURISM: Visa Extension, Marketing Efforts Aim for Gains

Local officials are looking to snag a larger share of the fast-growing contingent of Chinese travelers visiting California following a reciprocal agreement reached between the United States and China to significantly extend the duration of tourist visas — making them valid for 10 years instead of one year.

Downtown Shuttle Is Missing Link for Many

TRANSPORT: Civic Seeks Submittals for New Service

San Diego officials are aiming to create a public transit version of mobile-app-enabled car services like Lyft and Uber, with plans in the works for a downtown shuttle system that could help with nagging issues related to parking availability and pricing.

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McCarthy Moves San Diego Office to Kearny Mesa

General contractor McCarthy Building Companies Inc. has relocated its San Diego operations to larger facilities in the Kearny Mesa neighborhood.

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Construction Company Buys El Cajon Industrial Buildings for $5 Million

Cameron Brothers Construction Co. LP has purchased four adjacent industrial buildings in El Cajon for $5 million, according to brokerage company Pacific Coast Commercial, which represented the seller.

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Airport Green Build Named Best Project by Engineering News-Record

The $907 million Green Build Terminal 2 expansion at San Diego International Airport was recently named Best Project, in annual awards bestowed by the industry news publication Engineering News-Record, published by McGraw-Hill Construction.

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Partnership Plans $12.5 Million Renovation of Westminster Manor

Chelsea Investment Corp. has entered into a $28.6 million joint venture with the current property owner to acquire and renovate the 152-unit Westminster Manor senior housing building in downtown San Diego, according to brokerage company Colliers International.

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Civic San Diego Seeking Advisor for Housing Development Fund

Civic San Diego, the city’s downtown project oversight agency, has issued a request for proposals for professional advisory services, related to plans by the organization to form a transit-oriented development investment fund.

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Carlsbad Office Building Sells for $4.85 Million

An affiliate of Hyspan Precision Products Inc. of Chula Vista has purchased a Carlsbad office building for $4.85 million, according to CoStar Group and public data.

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MG Properties Buys 2 Apartment Properties for $50 Million

San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.

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