San Diego Business Journal

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Harper Construction Finishes $2.67 Million Sheriff’s Substation

Harper Construction Co. of San Diego has completed a new $2.67 million San Diego County Sheriff’s substation, which opened recently at 28914 Old Highway 80 in Pine Valley.

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Bottega Americano Set to Open in East Village at Law School Building

Operators plan Aug. 31 opening for Bottega Americano, an Italian-style restaurant and specialty food marketplace in downtown San Diego’s East Village.

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Drought-Resistant Landscaping Demand Is in Full Bloom

PROPERTY: Water Shortage Brings Changes In Attitudes, Regulations

New emergency water-use restrictions enacted by the state of California, aimed at reducing outdoor water consumption in urban areas, are bringing home conservation themes that local landscape architects have been preaching for years.

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Harper Construction Completes $2.67 Million Sheriff’s Substation

Harper Construction Co. of San Diego has completed a new $2.67 million San Diego County Sheriff’s substation, which opened recently at 28914 Old Highway 80 in Pine Valley.

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Escondido Apartment Property Sells for $9.9M

Claus Family Trust of Del Mar has purchased Windsong Villas, a 67-unit apartment complex in Escondido, for $9.9 million, according to CoStar Group and public data.

New Law Ensures That Brokers Disclose Roles

REAL ESTATE: Commercial Rules To Be Toughened Jan. 1

Gov. Jerry Brown recently signed into law new broker disclosure rules bringing commercial real estate into line with what is already required in residential real estate.

Chamber Ready to Push for Policies, Politicians

groups: Survey Finds Businesses Looking for More Aggressive Advocate

Fresh off wins in recent battles over issues including developer linkage fees and the Barrio Logan community plan update, the San Diego Regional Chamber of Commerce is aiming to further boost its clout in business and political circles.

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Balfour Beatty Completes First Phase of $221.5 Million Detention Facility

The San Diego office of Balfour Beatty Construction recently completed the first phase of the two-phase, $221.5 million Las Colinas Detention and Re-entry Facility in Santee.

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Downtown’s Declan Suites Hotel Completes Renovation

Operators recently completed a multimillion-dollar renovation of The Declan Suites hotel, located in the Cortez Hill neighborhood of downtown San Diego.

City Won’t Appeal Court Ruling on Convention Center Finance Plan

San Diego City Council recently voted 7-0 not to appeal a court ruling that invalidated the funding mechanism for a planned $520 million expansion of the San Diego Convention Center.

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San Diego County Construction Project Values Rise 42 Percent

San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.

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Escondido Apartment Property Sells for $10.8 Million

Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.

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Governor Park Office Building Sold for $3.9 Million

Locale Advisors Inc. of San Diego has purchased an office building in the city’s Governor Park neighborhood for approximately $3.9 million, according to a statement from the real estate investment firm.

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Mission Valley Office Building Sells for $3.3 Million

West Coast Development of Mission Viejo has purchased a Mission Valley office building for approximately $3.3 million, according to CoStar Group and public data.

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Pinnacle Hotels Completes $3.5 Million Renovation of Four Points by Sheraton

San Diego-based Pinnacle Hotels USA has completed a $3.5 million renovation of the Four Points by Sheraton San Diego Downtown hotel.

Opponents of Minimum Wage Hike Begin Referendum Efforts

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

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Fenway Properties Obtains $7.1M Loan for Office Renovation in Oceanside

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

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$3.7 Million Card Room Project Underway in Chula Vista

Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.

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$3.7 Million Village Club Card Room Project Underway

Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.

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Fenway Properties Obtains $7.1 Million Loan for Oceanside Office Renovation

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

Vista Brewer Is Bringing Its Craft(s) to Mercado Del Barrio

Experts at a recent craft beer summit in North County pointed out that brewers from that region have some work to do when it comes to boosting their profile in places such as the city of San Diego, which has its own crowded contingent of beer makers running their own tasting rooms and brewpubs.

SeaWorld Is Looking to Counter a Recent Tide of Criticism

TOURISM: New Orca Enclosures and Research Efforts Pledged By Park

SeaWorld Entertainment Inc. plans to spend several hundred million dollars to overhaul its performing-whale enclosures, including a near doubling of its orca environment in San Diego, amid other moves to bolster its investments in marine research.

Biotech Property Deals Will Soon Surpass 2013

REAL ESTATE: Life Sciences Activity, IPOs Create Demand

A potent blend of initial public offerings, merger and acquisition activity and steady venture capital funding have made life-science properties the hot commodity in San Diego real estate leasing so far in 2014.

Minimum Wage Hike Opponents Start Referendum Campaign

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

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Work Begins on $28 Million Science Building at Point Loma Nazarene

General contractor Rudolph and Sletten Inc. has begun site work for a new $28 million science building at Point Loma Nazarene University, with demolition of existing buildings underway on the San Diego campus.

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Encinitas Restaurant Building Sells for $6.5 Million

PS2 Pacific LLC of Solana Beach has purchased a vacant beachfront restaurant building in Encinitas for $6.5 million, according to CoStar Group and public data.

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Searsucker to Open First Venue in Los Angeles Market

San Diego celebrity chef and restaurateur Brian Malarkey plans to open a new location of Searsucker in Santa Monica this winter, making it the restaurant’s first in the Los Angeles area.

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R.A. Rauch to Manage and Market Keating Hotel in Gaslamp Quarter

R.A. Rauch & Associates, a San Diego-based hospitality management and consulting firm, has entered into a partnership with locally headquartered Gotham Management, in which R.A. Rauch will manage and market Gotham’s Keating Hotel in the Gaslamp Quarter.

Clothing Retailer H&M Opening Store in El Cajon

Fashion retailer H&M plans to open its newest local store this fall at the Parkway Plaza mall in El Cajon. It will be the sixth San Diego County store for the Sweden-based company, also known as Hennes & Mauritz.

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San Diego Places Fifth Among U.S. Meeting Destinations

San Diego placed fifth on the latest list of the nation’s top 50 meeting and event destinations, published by event management technology provider Cvent Inc.

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Pathfinder Partners Buys Vista Retail Center for $7.35 Million

San Diego-based Pathfinder Partners LLC has purchased Breeze Hill Promenade, a three-building retail center in Vista, for $7.35 million, according to CoStar Group and public data.

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Two San Diego Apartment Properties Get New Owners

Del Coronado Villas LLC of Del Mar has acquired the 24-unit Coronado Villa Apartments in San Diego for $5.7 million.

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SR Commercial Buys Miramar Property Portfolio for $40 Million

Investment firm SR Commercial of Solana Beach has purchased a portfolio of 17 Miramar industrial and office buildings for $40 million, according to CoStar Group and public data.

San Diego City Council Overrides Veto of Minimum Wage Hike

San Diego City Council has voted 6-2 to override Mayor Kevin Faulconer’s veto of a measure to raise the city’s minimum wage to $11.50 an hour by 2017.

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Oceanside Medical Office Building, Adjacent Lot Sold for $5.9 Million

Trollman Properties LLC of San Diego has purchased Oceanview Plaza, a medical office building in Oceanside, for approximately $5.9 million.

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SeaWorld to Double the Size of Orca Enclosure at San Diego Park

Florida-based SeaWorld Entertainment Inc. plans to nearly double the size of the killer whale enclosure at SeaWorld San Diego, part of a multimillion-dollar effort to address controversies and resulting business damage tied to concerns over its treatment of performing orcas.

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Mark Riedy Retiring as Director of USD’s Burnham-Moores Center

Mark Riedy has announced his retirement as executive director of the Burnham-Moores Center for Real Estate at University of San Diego, with plans to leave the position in January.

Whistleblower Laws Call for Sound, Clearly Defined Policies

LAW: Proliferation of Lawsuits Emphasizes Scope of the Problem

A tidal wave of new lawsuits claiming retaliation against so-called whistleblowers has been hitting business owners in recent years.

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Mark Riedy to Retire as Director of USD’s Burnham-Moores Center

Mark Riedy has announced his retirement as executive director of the Burnham-Moores Center for Real Estate at University of San Diego, with plans to leave the position in January.

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‘Field Goal’ Linked To Convention Center

TOURISM: 2 Proposals By JMI Include Chargers’ Stadium

The developer of Petco Park has joined the convention center fray with its own proposals for a downtown facility that could double as convention space and a new home for the San Diego Chargers, as city officials weigh their options to salvage the existing $520 million plan to expand the convention center.

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‘Tactical Urbanism’ Taking Hold in San Diego

Development: Concept Bringing Vacant Lots to Life

Slowly but noticeably, “tactical urbanism” is playing out in San Diego and other large cities where young people are flocking to high-density core neighborhoods in search of their desired quality of life.

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Fresh Start

RETAIL: Amazon’s New Delivery Service Gives Local Food a Lift

With retail giant Amazon.com Inc. now delivering goods to many of its loyal customers, San Diego-based Venissimo Cheese Inc. doesn’t need to depend solely on walk-in customers craving gourmet items such as the fresh goudas, cheddars and prosciuttos sold in its local stores.

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SeaWorld Doubling Size of Orca Enclosure at San Diego Park

Florida-based SeaWorld Entertainment Inc. plans to nearly double the size of the killer whale enclosure at SeaWorld San Diego, part of a multimillion-dollar effort to address controversies and resulting business damage tied to concerns over its treatment of performing orcas.

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Rita’s Italian Ice Joining Menu at Petco Park

Rita’s GP LLC, the San Diego-based area franchise developer for Rita’s Italian Ice, has reached an agreement with ballpark operators to begin selling the company’s ices and custards at Petco Park starting in late August.

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Iron Fist Brewing, Mariscos Coming to Mercado Del Barrio

Vista-based Iron Fist Brewing Co. and San Diego seafood restaurant Mariscos El Pulpo have joined the roster of commercial offerings at Mercado Del Barrio, a mixed-use development in Barrio Logan.

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Carlsbad Industrial Building Sells for $16.35 Million

Regent Properties of Los Angeles has acquired the Research Center Pointe industrial building in Carlsbad for $16.35 million, according to brokerage company Cassidy Turley, which represented the buyer and seller.

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Encinitas Building Housing GoPro Sells for $8 Million

Covey Cardiff Properties LLC of Glendale has purchased an office building in Encinitas, housing local operations of high-tech digital camera maker GoPro Inc., for approximately $8 million, according to CoStar Group and public data.

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Landmark Completes $39 Million FBO Facility at San Diego International

Facility includes a 19,000-square-foot terminal.

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Moss Adams Signs $9.47 Million Lease; Moving to UTC

The accounting firm is moving to La Jolla Commons Tower I.

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Suffolk Completes $13 Million Family Health Center

The opening of the 23,000-square-foot medical office building was celebrated with a public event.