San Diego Business Journal

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These Were 2016’s Biggest Retail Property Deals

With new construction scarce and empty store spaces quickly being filled, San Diego County’s retail property vacancy rate keeps getting lower – 3.8 percent at the end of 2016, according to a recent report by CoStar Group.

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Fallbrook Apartment Complex Sold For $3.57M

DiPiero Family Trust of Escondido has acquired a 25-unit apartment property in Fallbrook for approximately $3.57 million, according to brokerage firm Lee & Associates.

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Southwest Airlines Adding Mexico Flights to Local Offerings

Discount carrier Southwest Airlines Co. plans an April 25 launch for new direct service between San Diego and Mexico’s San Jose del Cabo and Los Cabos.

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Illinois Firm Buys San Marcos Retail Center for $73.3 Million

Illinois-headquartered InvenTrust Properties Corp. has purchased the Campus Marketplace retail center in San Marcos for approximately $73.3 million, according to CoStar Group and brokerage firm Lee & Associates.

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Rental-Home Realities Likely to Reshape Some of the Market

“The new American dream involves a home, but it doesn’t necessarily involve the ownership of the home,” said Mitch Roschelle, a partner in the consulting firm PwC, during a recent forum presented by the University of San Diego’s Burnham-Moores Center for Real Estate.

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La Mesa Apartment Property Sells For $19 Million

Vista Investment Group LLC of Los Angeles has acquired an 80-unit La Mesa apartment community for approximately $19 million, the company announced.

Containers Stack Up Well For Many Uses

RECYCLE: Supporters Tout Innovative Functions

Recycled sea-shipping containers make for a unique, attention-grabbing design element in places like Quartyard, a popular retail and entertainment hub in downtown San Diego’s East Village.

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Miramar Office-Industrial Property Sells for $4.1 Million

San Diego investors Peter and Pattiann Aardema have acquired a Miramar office and industrial property for $4.1 million, according to brokerage firm Pacific Coast Commercial.

Coldwell Banker Commercial Taps Brown to Lead San Diego Office

Coldwell Banker Commercial Southern California has hired Rhyne Brown to serve as executive managing director for the company’s San Diego regional operations.

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Kensington Apartment Property Sold for $2.2 Million

Newkirk Family Trust of San Diego has acquired an eight-unit apartment property in the city’s Kensington neighborhood for $2.2 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Colliers International Group Inc.

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