Pacific Northwest grocery chain Haggen Inc. is acquiring 146 stores in five states, including 25 in San Diego County, as part of a government-required divestment brought about by the pending merger of Safeway and Albertsons, announced earlier this year.
After more than a year of discussion and debate, the city of Carlsbad has a plan in place to convert a small piece of city-owned land into an expansion site for a hotel owned and operated by locally based Grand Pacific Resorts.
An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.
Goodwill Industries of San Diego has purchased three Chula Vista retail buildings for approximately $3.1 million, according to CoStar Group and public data.
Southbay Investment Co. LLC of San Diego has purchased a San Ysidro retail center for approximately $2.85 million, according to brokerage company Duhs Commercial Inc., which handled the transaction.
TOURISM: Local Park To Nearly Double the Size Of Killer Whale Attraction
Plans to significantly expand the killer whale attractions at SeaWorld San Diego apparently remain on track, despite a $50-million cost-reduction plan recently announced by its parent company that already has resulted in the pending layoffs of 108 employees of the Mission Bay marine park.
people: New Leader Sees Real-World Experience as Key
The incoming executive director of the Burnham-Moores Center for Real Estate, at the University of San Diego, is aiming to prepare students for the cross-training now required to represent increasingly sophisticated clients, especially in the competitive realm of commercial real estate.
An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.
Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.
A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.