San Diego Business Journal


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

Getting There: The Golden Triangle

Massive Development Is Shaping a Transit-Friendly Employment Hub While Testing Commuters’ PatienceAs San Diego braces for potentially more gridlock in the already congested Golden Triangle area — fueled by dozens of public and private construction projects moving forward over the next five years — the consensus among local commercial real estate brokers is that patience will be rewarded in the long run.

By Lou Hirsh August 17, 2017 3:03 p.m.   $$ Share
Tease photo

San Diego Industrial Building Sells for $11.5 Million

The local regional office of Dallas-based Lincoln Property Co. has acquired an industrial facility in San Diego’s Morena neighborhood for $11.5 million, according to brokerage firm Cushman & Wakefield and CoStar Group data.

By Lou Hirsh August 18, 2017 1:06 p.m. share »
Tease photo

Raising Cane’s to Spice Up Competition

A fast-rising national player in the game of fast-food chicken, Louisiana-based Raising Cane’s Chicken Fingers, is about to make its first local arrival in the city of Santee.

By Lou Hirsh August 17, 2017 3:37 p.m. share »

Is It Time to Put Your Money in Storage?

The brokerage firm Marcus & Millichap anticipates that San Diego County’s rising housing unit completions, especially on the apartment side, will translate into increasing demand for self-storage units this year.

By Lou Hirsh August 17, 2017 3:35 p.m. share »
Tease photo

Deal-Making Heats Up in Escondido

It may just be a matter of coincidence, but the city of Escondido lately seems to have emerged as a major epicenter for the region’s high-profile commercial deals and projects in categories ranging from medical office buildings to apartments and industrial sites.

August 17, 2017 3:33 p.m. share »
Tease photo

Westcore Enters Portland Investment Market with $38.7M Industrial Deal

San Diego-headquartered Westcore Properties has acquired an industrial park in Vancouver, Wash., for $38.7 million, marking the investment company’s entrance into the Portland, Ore., metro market.

By Lou Hirsh August 16, 2017 2:56 p.m. share »
Tease photo

Emmes Renovating Lobby, Plaza at Downtown Tower

Property owner Emmes Realty Services of California LLC has begun a multimillion-dollar renovation of the Seventh Avenue plaza and atrium lobby at its office tower at 701 B St. in downtown San Diego.

By Lou Hirsh August 16, 2017 1:05 p.m. share »

New Industrial Facility Planned After $4.68M Santee Land Buy

An entity listed as Cuyamaca West Partners LLC of El Cajon has acquired a 7.28-acre industrial land parcel in Santee for approximately $4.68 million, according to CoStar Group and public data.

By Lou Hirsh August 14, 2017 4:44 p.m. share »
Tease photo

Construction Starts on New Medical Office Complex in Escondido

Construction has started on the first of what will be a three-building, privately financed medical office complex on the campus of Palomar Medical Center in Escondido.

By Lou Hirsh August 14, 2017 11:35 a.m. share »
Tease photo

Construction Starting on Retail Center, Hotel at Millenia

Developers have slated an Aug. 15 ground-breaking for the Millenia Commons retail center and a 135-room Ayres Hotel, being built at the Millenia mixed-use development in Chula Vista.

By Lou Hirsh August 11, 2017 12:11 p.m. share »
Tease photo

Sorrento Mesa Office Building Sells for $16.3 Million

Rancho Santa Fe-based Premier Realty Holdings Inc. has acquired the Wateridge Pavilion office building in Sorrento Mesa for $16.3 million, according to brokerage firm CBRE Group Inc.

By Lou Hirsh August 10, 2017 4:01 p.m. share »

An Audubon Land Deal, Plus 2 Coming Business Arrivals

A local chapter of The Audubon Society, the prominent nature-preservation organization, has acquired approximately 31.2 acres of vacant land in Oceanside for $1.56 million, with plans to conserve it as an open space in perpetuity. Brokerage firm Lee & Associates said the land on Muirfield Drive and Rivertree Drive — near Camp Pendleton and Mission San Luis Rey — is currently unentitled.

By Lou Hirsh August 10, 2017 1:47 p.m. share »
Tease photo

Medical Office Diagnosis: Good for Landlords

Landlord-friendly metrics in San Diego County’s medical office property market may help explain why two large East Coast investment firms recently decided to enter the East County market with a big $33 million acquisition in La Mesa.

By Lou Hirsh August 10, 2017 1:46 p.m. share »
Tease photo

County Looking for Developer For Multiblock Downtown Site

With court operations now shifting into a sparkling new $555 million downtown facility, officials are open to ideas for what replaces the old, 1960s-vintage San Diego County Courthouse.

By Lou Hirsh August 10, 2017 1:45 p.m. share »
Tease photo

KB Home Plans San Diego Townhomes After $9.73 Million Land Purchase

An affiliate of Los Angeles-based homebuilder KB Home has acquired a 3.47-acre land parcel in San Diego’s Pacific Highlands Ranch community for $9.73 million, with plans to develop 69 townhomes, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh August 10, 2017 1:27 p.m. share »
Tease photo

Coronado Apartments Sold for $4.9 Million

Hale Real Estate Partners LLC of San Diego has purchased a 12-unit apartment property in Coronado for approximately $4.9 million, according to brokerage firm South Coast Commercial Inc.

By Lou Hirsh August 10, 2017 1:24 p.m. share »