San Diego Business Journal

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North Park Condominiums Sell for $5.61 Million

Belmont Growth LLC of San Diego has acquired the 22-unit Suncrest Condos in North Park for $5.61 million, according to brokerage company ACRE Investment Real Estate Services.

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La Mesa Apartment Property Sold for $5.8 Million

an Diego-based Midland Properties LLC has purchased the 33-unit Racquet Club Apartments in La Mesa for $5.8 million, according to brokerage firm ACRE Investment Real Estate Services.

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Green Flash Brewing Names Ross as COO

San Diego-headquartered craft beer maker Green Flash Brewing Co. has named Chris Ross as its chief operating officer, as it continues to boost production and distribution. The appointment took effect on Sept. 1.

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Cushman & Wakefield, DTZ Announce Completion of Merger

Commercial real estate service companies Cushman & Wakefield and DTZ have completed their previously announced $2 billion merger, with the combined company now known as Cushman & Wakefield and headquartered in New York City.

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Grocer Haggen Sues Albertsons for $1 Billion

Northwest-based grocery chain Haggen Food & Pharmacy is suing Albertsons and its holding company for more than $1 billion, based on claims stemming from Haggen’s purchase and conversion of 146 Albertsons and Safeway stores in late 2014.

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San Diego Firm Buys Bay Area Apartments for $26.4 Million

The ConAm Group of San Diego has purchased the 137-unit TownCentre Commons apartment community in the Bay Area city of Brentwood for $26.4 million, the company announced.

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Development Ramping Up at Millenia in Chula Vista

Development of retail and other commercial elements is expected to accelerate next year at the 210-acre Millenia mixed-use community in Chula Vista, where apartments are currently under construction.

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Value of County’s Future Construction Down 43 Percent in 2015

The value of San Diego County’s future construction projects dropped 43 percent from a year ago in the first seven months of the year, to just over $1.81 billion, according to the latest data from Dodge Data & Analytics.

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Consultants: Convention Center Clients Prefer Contiguous New Space

San Diego Convention Center clients prefer contiguous expansion space, though the city would also benefit from new space that is non-contiguous, according to results of a consultant’s study.

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Westfield Said to Be Considering Options, Including Launching Referendum to Block Carlsbad Lagoon Project

Mall operator Westfield Corp., whose local properties include Westfield Carlsbad, is mulling options including a referendum campaign, aimed at overturning the city’s approval of Caruso Affiliated’s planned retail center near the Agua Hedionda Lagoon.

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