San Diego Business Journal

SD REAL ESTATE

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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San Marcos Industrial Building Sells for $2.1 Million

Utah Prime Properties Inc. of Los Angeles has acquired a San Marcos industrial building for $2.1 million, according to CoStar Group and public data.

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Carmel Valley Office Building Purchased for $5.4 Million

CWC Income Properties 3 LLC, a San Diego-based private equity fund, has acquired a Carmel Valley office building for $5.4 million, according to the fund’s parent company.

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Escondido Apartment Complex Sells for $6.6 Million

Urban Housing Communities LLC has purchased a 44-unit Escondido apartment complex for $6.6 million, according to broker ACI Apartments, which represented the sellers.

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Three Auto Dealership Buildings Sell for $11.8 Million

An affiliate of Beverly Hills-based O’Gara Coach Co. has purchased three San Diego retail auto dealership buildings for a total of $11.8 million, according to CoStar Group and public data.

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Otay Mesa Industrial Buildings Sold in $42.5 Million Deal

An affiliate of San Francisco-based Stockbridge Capital Group LLC has acquired a 14-building portfolio of Otay Mesa industrial properties for approximately $42.5 million, according to CoStar Group and public data.

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Carlsbad Apartment Property Sold for $39.7 Million

An affiliate of Rancho Santa Fe-based Pacifica Real Estate Services Inc. has purchased the 66-unit BluWater Crossing apartment property in Carlsbad for $39.7 million, according to CoStar Group and public data.

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Hughes Marino Opens 2 Northern California Offices

Hughes Marino, a San Diego-based commercial real estate services provider, has opened two new offices in Northern California and announced an expansion and relocation of one of its Los Angeles offices.

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Alliance Residential Opens Two New Local Apartment Communities

Nationwide apartment developer Alliance Residential Co. recently opened two newly built properties in San Diego – the 100-unit Broadstone Balboa Park in Bankers Hill and the 360-unit Broadstone Corsair in Kearny Mesa.

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Otay Mesa Industrial Building Sold for $6.5 Million

An entity recorded as Stockbridge San Diego Indl Ll has acquired an Otay Mesa industrial property for $6.5 million, according to CoStar Group and public data.

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Vista Industrial Property Sells for $5.9 Million

Nordic Naturals Inc. of Watsonville has purchased a Vista industrial building for approximately $5.9 million, according to CoStar Group and public data.

The Past Has a Strong Presence in Coronado Renovations

The decision to embark on a home renovation is by any measure a difficult undertaking.

Think Tank Puts Price Tag on New Stadium

Any financing plan to build a new San Diego Chargers stadium in Mission Valley — the current site of Qualcomm Stadium — will need to cover a tab of at least $725 million, and likely well over $1 billion.

Mission Beach’s Belmont Park Gets Renegotiated Lease on Life

PROPERTY: Long-term Deal Has Owners Planning Number of Improvements

A renegotiated lease on Belmont Park at Mission Beach will bring nearly $70 million to the city of San Diego over the next 23 years.

Blackstone Acquiring Excel Trust Inc. in $2 Billion Purchase

REAL ESTATE: Deal Is All-Cash Transaction, Should Close In 2015

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.

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National Retail Market Report Ranks San Diego Fifth

San Diego placed fifth in the latest annual report by commercial real estate services provider Marcus & Millichap Inc., ranking the nation’s strongest retail property markets.