San Diego Business Journal

SD REAL ESTATE

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

Three’s Too Much Of a Crowd For Macy’s

It’s a testament to the retail drawing power of Mission Valley (try driving on Friars Road or its offshoots near Interstate 8, holiday season or not) that Macy’s Inc. essentially operated three large department stores in the same neighborhood for so many years.

By Lou Hirsh January 12, 2017 4:15 p.m.   $$ Share
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Kensington Apartment Property Sold for $2.2 Million

Newkirk Family Trust of San Diego has acquired an eight-unit apartment property in the city’s Kensington neighborhood for $2.2 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Colliers International Group Inc.

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Oceanside Industrial Building Sells for $2 Million

A local buyer listed as J&H Oceanic Properties LLC has acquired an Oceanside industrial and manufacturing building for approximately $2 million, according to brokerage firm Lee & Associates.

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Walt Conwell Architects Names Partner, Rebrands

San Diego architect Walt Conwell, 74, who has had a career of more than 30 years as principal architect and owner of multiple design firms in San Diego, has brought on a new partner, Bryan Macias, 33, and renamed the firm.

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Ramona Apartment Complex Sells for $4M

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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RAF Pacifica Group Buys a San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

Kleinfelder to Oversee $125 Million Oil Refinery CleanUp

Kleinfelder announced Thursday its selection by a Fortune 500 petroleum client to oversee a $125 million environmental clean-up program in New Jersey.

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These Were the Biggest Industrial Deals of 2016

San Diego County’s industrial property market ended 2016 with a historically low 5.1 percent vacancy rate, according to the latest quarterly data from CoStar Group.

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Lifestyle, Luxury and Location Are All Perfect Fit at Vista Bella II

High along a ridge overlooking the San Dieguito River Valley, the ocean and the rolling hills to the north is Vista Bella II, a small community of four new homes with an innovative, fresh design.

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Pinnacle Buys Three Downtown Properties for $8.5 Million

An affiliate of Vancouver, B.C.-based Pinnacle International has acquired three industrial and retail properties in downtown San Diego, currently housing a Bridgestone auto repair and retail facility, for $8.5 million, according to CoStar Group and public data.

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Hillcrest Hotel Being Converted to Apartments

A Sommerset Suites Hotel in Hillcrest is slated to become a boutique apartment community after the property was recently purchased by San Diego-based SENTRE Partners.

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Here's San Diego County’s Top Office Deals of 2016

San Diego County ended 2016 with its office vacancy rate at 10 percent, according to the latest data from CoStar Group, as rents continued to rise amid limited construction and rising demand.

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Scripps Ranch Industrial Building Sold for $9.8 Million

A buyer listed as Evergreen & Prop Mgmt LLC has purchased an industrial property in San Diego’s Scripps Ranch submarket for approximately $9.8 million, according to CoStar Group and public data.

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San Diego Apartment Property Sells for $20 Million

A San Diego buyer recorded as Mission Gorge Road LP has purchased a 90-unit apartment property in the city’s San Carlos neighborhood for approximately $20 million, according to brokerage firm CBRE Group Inc.

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Pacific Beach Apartment Property Sells for $6.5 Million

George W. and Carol A. Lattimer of San Diego have acquired an 18-unit apartment building in Pacific Beach for $6.5 million, according to brokerage firm Apartment Realty Group (ARG).