San Diego Business Journal


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

Investment Firm Westcore Properties Names New COO

San Diego-based commercial real estate investment firm Westcore Properties has named Matthew Bateman as its new chief operating officer.

By Lou Hirsh April 3, 2015 1:53 p.m.   Share
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City Council Repeals Approval of One Paseo Project

San Diego City Council has voted unanimously to repeal its February approval of the controversial One Paseo mixed-use project in Carmel Valley, as developer Kilroy Realty Corp. and community opponents work out details on a scaled-down version that officials can review at a later date.

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Ballpark Village Development Site sold for $32.3 Million

An affiliate of Charleston, S.C.-based Greystar Real Estate Partners recently paid approximately $32.3 million for a 1.4-acre land parcel where work is currently underway on the first phase of the mixed-use Ballpark Village apartment project, in downtown San Diego’s East Village.

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Little Italy Apartment Site Sells for $12.8 Million

Lennar Multifamily Communities LLC has acquired a site in downtown San Diego’s Little Italy for $12.8 million, with plans to develop a high-rise apartment project, according to brokerage company Colliers International.

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Pacific Beach Apartments Purchased for $7.8 Million

Investor Yuan Shen of San Diego has acquired a 32-unit Pacific Beach apartment property for approximately $7.8 million, according to brokerage company South Coast Commercial Inc.

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Encinitas Office Property Sold for $8.5 Million

SR Commercial of Solana Beach has purchased an Encinitas office property for $8.5 million, according to the seller, San Diego-based Westcore Properties.

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Midway Retail Center Sells for $6.2 Million

unset Waste Holdings LLC has purchased the Midway Village retail center, in San Diego’s Midway district near Point Loma, for $6.2 million, according to brokerage company The Heritage Group.

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Kearny Mesa Medical Office Building Sells for $4.63 Million

Locally based REAlliance LLC has purchased a Kearny Mesa medical office building for $4.63 million, according to brokerage company JLL.

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H.G. Fenton Completes Solar Upgrade of Mission Valley Apartments

San Diego’s H.G. Fenton Co. recently completed a solar upgrade of its 254-unit Aquatera apartment community in Mission Valley, making it the developer’s second net-zero residential project in the local market.

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BioMed Realty Trust Buys UTC Office Campus for $83.8 Million

San Diego-based BioMed Realty Trust Inc. has acquired the Towne Centre Technology Park office campus in University Towne Center for $83.8 million, the company announced.

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Senior Services Provider Debuting $43 Million Apartment Community

St. Paul’s Senior Services plans a June 2 opening for St. Paul’s Plaza, a new $43 million senior community with 156 apartments in Chula Vista.

In Oceanside, Hear the Waves Break Without Breaking the Bank

If you haven’t been to Oceanside lately it’s time to take a trip to check it out.

Newspaper Sale Leaves Manchester With Prime Property

If anybody knows the sometimes queasy feelings induced by rapid industry change being faced by some commercial real estate professionals (see the Cushman & Wakefield-DTZ merger), it’s the people in the business rodeo known as the newspaper industry.

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Industrial Options Grow in N. County

PROPERTY: Spec Projects Aim to Meet Expected Demand

As the improving economy fills up industrial spaces in central San Diego, local companies such as SR Commercial are betting on continued rising demand in North County for manufacturing, warehousing and distribution properties.

DTZ, Cushman Deal To Bring Changes

REAL ESTATE: Personnel Duplications Currently Exist

When the parent of commercial brokerage company DTZ took over Cassidy Turley earlier this year, it was tough to discern any local change in the former Cassidy Turley’s business model beyond the new name.

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Carlsbad Office Building Sold for $2.65 Million

Arch Investments LLC has purchased a Carlsbad office building housing Grant General Contractors for $2.65 million, according to brokerage company Marcus & Millichap Inc.