San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Market Forces and, of Course, Money Transform Solana Beach

Solana Beach was primarily farmland in the late 1800s when Col. Ed Fletcher bought 140 acres and began developing the town with his brother-in-law, Eugene Batchelder.

By Stephanie Glidden March 21, 2014 2:14 p.m.   $$ Share
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Miller Hull Chosen for I.D.E.A. District Project, Will Relocate There

The San Diego office of architectural firm Miller Hull Partnership will relocate to a planned new mixed-use office and residential development in East Village, after being chosen by developers to design IDEA1, slated for the downtown area known as the I.D.E.A. District.

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Trigild Partners on $16.5 Million Acquisition of Santa Cruz Hotel

San Diego-based Trigild and Blu Hotel Investors of Santa Barbara have completed a $16.5 million acquisition of a 100-room Holiday Inn Express & Suites in Santa Cruz.

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MG Properties Buys 4 Apartment Communities for $80 Million

San Diego-based MG Properties Group has purchased four California apartment properties totaling 770 units, for a total of more than $80 million.

Mixed-Use Decisions Need to Consider Future Market Demand

Master planners of large, mixed-use communities face a challenge similar to assembling a jigsaw puzzle. They must not only make their projects pencil-out financially in today’s market, but also gauge whether the urban-style elements that consumers want now will still play with prospective homebuyers 10 or 20 years later.

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A ‘Rich History’ Is an Understatement for Bankers Hill Beauties

It must have been exciting to be in San Diego at the turn of the 20th century when there was little more than possibility and the power of ambition. Many of those who succeeded built homes on what is now known as Bankers Hill — a residential area on the hills above downtown, with sweeping views of the bay, the airport, Coronado and Mount Soledad.

Retail Opportunities, Local and Abroad, Spur Revenue Growth

Real Estate/retail: REITs Move Up List of Largest Local Public Cos.

San Diego’s PriceSmart Inc. is among several of the region’s large public companies paying close attention to the performance of consumer retail markets.

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La Jolla Retail Condos Sold for $2.5 Million

Hanks Group Inc. of Alhambra has purchased four retail condo units in La Jolla for $2.5 million, according to CoStar Group and public data.

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BioMed Subsidiary to Issue $400M in Notes

BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.

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Nursing Care Facility in El Cajon Sold for $7.5 Million

Rocklin-based Auburn Manor Holding Corp. has purchased Chase Care Center, a skilled-nursing healthcare facility in El Cajon, for $7.5 million, according to CoStar Group and public data.

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Data Services Company Buys Kearny Mesa Office Building for $3.84 Million

Central Data Services Inc. of San Diego has purchased a Kearny Mesa office building, known as Convoy Business Center, for $3.84 million, according to CoStar Group and public data.

Two Local Companies to Compete for Airfield Work for Navy

The U.S. Navy needs a solid place to land its aircraft, and it has chosen two local contractors to make that possible.

Genstar Affiliate Buys Chula Vista Residential Land for $37.1 Million

An affiliate of San Diego-based Genstar Development Co., recorded as GDCI Proctor Valley LP, has purchased 1,140 acres of residential land in Chula Vista for approximately $37.1 million, according to CoStar Group and public data.

Home Sales and Median Price Increase in March

Home sales in San Diego increased in March, and the median price rose 4 percent from February to $427,000, according to Dataquick, the La Jolla real estate research firm.

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San Diego Firm Buys Miramar Retail Center for $12.5 Million

HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.

Three Local Construction Cos. to Compete for Defense Work

Three local companies may have Army construction work in their futures.