San Diego Business Journal


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

Carlsbad Office Property Housing Bank Sells for $7.2 Million

San Diego investor and developer Dan Floit has acquired a Carlsbad office building housing Bank of America for $7.2 million, according to brokerage company CBRE Group Inc.

By Lou Hirsh September 9, 2014 4 p.m.   Share
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Lionstone Investments Acquires San Diego Tech Center

Houston-based Lionstone Investments, on behalf of an institutional client, has acquired the nine-building San Diego Tech Center office park in Sorrento Mesa for an undisclosed price.

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El Cajon Apartment Building Sells for $8.2 Million

Heritage Group Partners of Newport Beach has acquired The Heritage Apartments, a 56-unit apartment building in El Cajon, for $8.2 million, according to CoStar Group and public data.

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San Diego Firm Buys Lake Elsinore Retail Center for $33.5 Million

HELF Investments LP of San Diego has purchased Canyon Hills Marketplace, a retail center in Lake Elsinore, for $33.5 million, according to brokerage company CBRE Group Inc., which represented the buyer and seller.

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Douglas Wilson Cos. Acquires Spring Valley Development Land for $5.7 Million

San Diego-based Douglas Wilson Cos. has purchased 50 acres of land in Spring Valley for $5.7 million, with plans for development of residential and neighborhood-serving commercial components.

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Realty Income Officials Ring Closing Bell at NYSE

Leaders of Realty Income Corp. recently rang the closing bell of the New York Stock Exchange, marking the Escondido-based company’s 20th anniversary as a publicly traded company.

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Emmes Completes $10M Renovation of Downtown Tower

Emmes Realty Services recently completed a $10 million renovation of 1 Columbia Place, the 27-story downtown San Diego office tower that it purchased in 2012 for approximately $135 million.

Downtown Project Pipeline Wide Open

PROPERTY: Residential Plans Are Coming to Life

Developers have submitted plans for a 19-story mixed-use project that would bring 320 apartment units to East Village, the latest of several developments planned or under construction in the recently bustling neighborhood of downtown San Diego.

Median Housing Price Increases in August

Two reports tracking the housing market show local median prices continued rising in August.

Industrial Land in San Marcos Sells for $11 Million

A Los Angeles-based entity of homebuilder D.R. Horton has purchased approximately 8.3 acres of land in San Marcos for $11 million, according to CoStar Group and public data.

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Cemetery Building in San Diego Sells for $8.5 Million

Northstar Memorial Group of Houston has purchased a cemetery and mausoleum building at Greenwood Memorial cemetery in southeast San Diego for approximately $8.5 million, according to CoStar Group and public data.

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Chula Vista Apartment Property Sells for $9.5 Million

San Diego-based Cova Management Inc. has purchased the 62-unit Castle Park Garden Apartments in Chula Vista for $9.5 million, according to CoStar Group and public data

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Long-vacant Pernicano’s Building Goes on the Market

The long-vacant Pernicano’s restaurant building, at 3840 Sixth Ave. in Hillcrest, is being placed up for sale.

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Carlsbad Office Building Sells for $15.25 Million

An entity listed as RREF II-CP Crossings JV LLC has purchased the Crossings Corporate Center office building in Carlsbad for $15.25 million, according to CoStar Group and public data.

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La Jolla Commercial Properties Sold for $6.17 Million

USA Properties Inc. of San Diego has purchased several retail buildings with adjacent land in La Jolla for approximately $6.17 million, according to brokerage company Cushman & Wakefield Inc.