SD REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Office Space Moves Are About Flight to Quality
REAL ESTATE: Class A Properties See 9 Quarters Of Positive Net AbsorptionLike others throughout San Diego County, Eric Stenman is a believer in the corporate office concept of “flight to quality.” November 21, 2011 midnight $$ ShareNew York Company Acquiring Brokerage Firm Grubb & Ellis
BGC Partners Inc. is acquiring Grubb & Ellis Co., a commercial brokerage firm that has San Diego County operations at University Towne Center.
Ross Opening 2 More Discount Stores Locally
Ross Stores Inc. plans to open two locations of its dd’s Discounts retail chain Feb. 25, the company said on its website Feb. 17.
Westfield Selling Partial Stake in 4 Local Malls
Australia-based Westfield Group is selling a 45 percent stake in 12 of its U.S. shopping malls to the Canada Pension Plan Investment Board, including four in San Diego County, in a deal valuing the properties at $4.8 billion.
Rating to Aid in Sales of Hurricane-Resistant Doors
LaCantina Doors, a Vista-based designer and manufacturer of folding door systems, recently said it received a DP70 hurricane impact rating from Miami Dade County on its aluminum line of folding doors.
REIT Determines Whether Time Is on Potential Tenants’ Side
REAL ESTATE: Firm Employs Strategy as It Invests in New Areas
Realty Income Corp. is standing by a core strategy that helped it cap a year featuring a company record $1 billion in acquisitions, a significant boost in annual revenue, and a streak of consecutive stock dividends that approached 500 months as 2011 drew to a close.
Firms Dealing With Distressed Properties Are Still Busy
REAL ESTATE: Local Situation Relatively Good; No Quick Fixes Nationally
Local firms handling fallout from delinquent commercial real estate loans, such as Trigild and Douglas Wilson Cos., are starting 2012 with plenty on their plates, even as national indicators of property distress have dwindled significantly from peaks seen in 2009 and 2010.
Real Estate Roundup
Projects, developments and other activity in cities in and around San Diego County
Developers Granted Option for Revised Lane Field Project
San Diego port district commissioners have approved granting an option to a development team working on a revised version of the long-planned Lane Field redevelopment in downtown San Diego, including two proposed hotels.
CCDC Chair Denies Permits for Proposed Fat City Lofts Project
The chairman of the Centre City Development Corp., the entity that oversees redevelopment downtown, rejected permits for a proposed Fat City Lofts mixed-use project Feb. 14.
REIT Buys Local Care Facility for $67.5 Million
An Ohio-based real estate investment trust has purchased the Belmont Village assisted living facility in Sabre Springs for approximately $67.5 million.
Construction Firms Make Fortune 100 Workplace List
Two general contracting firms with San Diego operations recently made Fortune magazine’s annual “100 Best Companies to Work For” list.
Region Harbors Fresh Plan for Waterfront
DEVELOPMENT: District Would Generate $1.3B, Port Estimates
City and port officials are setting the stage for the next attempt at development of the Chula Vista waterfront, even if Gaylord Entertainment decides not to revive plans for a $1 billion hotel and convention center that it abandoned in 2008.
Firm’s Master Plan Includes National Approach, Japanese Partner
REAL ESTATE: Newland Acquires Single-Family Home Communities
Newland Real Estate Group LLC, a local firm that has developed several prominent San Diego County neighborhoods in the past quarter-century, now sees a national approach with an international partner as key to navigating a delicate housing market recovery.
Three Health Care Properties Sold for $146.1 Million
Carmel Medical Office LLC of Chicago has purchased three health care-related properties in San Diego for $146.1 million.
Leasing Income Growth Helps Boost BioMed Revenue
Revenue at BioMed Realty Trust Inc. was up 7 percent from a year ago in the quarter ending Dec. 31, with revenue for the year rising 13.8 percent, as the San Diego-based company reported continued strong growth in rental income.
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