San Diego Business Journal


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

Trolley’s UTC Extension Could Deliver for Malls and Shoppers

Heavy-duty shoppers (of which I am not one) could see at least one big new benefit when San Diego’s trolley system makes its way to the University Towne Center area around 2021. It’s the chance to visit two of the area’s major malls via one trip on mass transit — or three malls with a transfer.

By Lou Hirsh October 20, 2016 4:18 p.m.   $$ Share
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Rancho Bernardo Office Property Housing Bel Fuse Sold for $3.5 Million

San Diego-based Sabin Holdings LLC has purchased a Rancho Bernardo office property currently housing Bel Fuse Inc. for $3.5 million, according to brokerage firm Colliers International Group Inc.

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Vista Retail Center Owner Obtains $37 Million in Refinancing

Owner ValCenters of Newport Beach has obtained $37 million in refinancing for North County Square, a grocery-anchored retail center in Vista, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

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Old Town Office Property to Become Hotel After $2.2 Million Purchase

San Diego-headquartered Hotel Investment Group (HIG) has acquired an Old Town office complex for $2.2 million, with plans to convert it into an extended-stay boutique hotel.

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Three Tenants Pre-lease Space at Carlsbad Industrial Development

Developer RAF Pacifica Group has signed three tenants at a new speculative industrial project currently under construction in Carlsbad, including global hair products supplier Unite Eurotherapy.

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Developer Pinnacle International Buys Downtown Site for $14.5 Million

Vancouver, B.C.-based Pinnacle International has acquired a redevelopment site in downtown San Diego for $14.5 million, according to brokerage firm Marcus & Millichap.

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Los Angeles Firm Buys San Diego Apartments for $28 Million

James Investment Partners of Los Angeles has acquired an 85-unit apartment community near San Diego’s Mission Hills neighborhood for $28 million, according to brokerage firm Berkadia.

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Santee Retail Center Sells for $27 Million

Union City Investments LLC of Santa Monica has purchased the Santee Town Center retail property for $27 million, according to the seller, Irvine-based Pacific Castle Management Inc.

S.D. Home Sales Fall 1% for October

Pending home sales in San Diego in October fell by nearly 1 percent compared to the same month last year, the California Association of Realtors said.

Game Developer Psyonix Expands into Emmes’ Downtown Tower

San Diego-based video game developer Psyonix Inc. has signed a multiple-floor lease as it expands into downtown’s 1 Columbia Place, according to office tower owner Emmes Realty Services of California LLC.

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Comfort, Confidence and Nature Animate Midcentury Designs

More than 600 tour-goers attended the La Mesa Historical Society’s midcentury modern home tour on an unseasonably warm day in early November. It was like stepping back in time, made all the more real when several San Diego trolleys turned up to carry the aficionados around the rural roads of Mount Helix.

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Plenty of Projects Still in Downtown Residential Pipeline

At the mid-point of 2016, Civic San Diego reported that the red-hot downtown market had more than 11,000 apartment and condo units in the works. That included 4,401 units under construction, 4,868 approved and pending construction, and 1,776 with plans submitted and pending approval.

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Recession Brought Reno Lessons in Rebuilding Revenue

BUILDING: Co. Pursued Government Work, Used Green Building Skills

Reno Contracting Inc., a local general contractor nearing the quarter-century milestone, has transformed itself from a builder of offices to a multifaceted player in multiple markets, from hospitality to health care.

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HP Campus Buyer Obtains $90M for Purchase, Renovations

San Francisco-based Swift Real Estate Partners has obtained $90 million in financing for its recent acquisition and upcoming repositioning of the Rancho Bernardo office campus that it recently acquired from tech giant HP Inc.

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Pacific Beach Retail Property Sold for $2.3 Million

SMP Realty LLC of San Marcos has purchased a Pacific Beach retail building for $2.3 million, according to brokerage firm Lee & Associates.

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Chula Vista Retail Property Sells for $5.1 Million

C3 Centers LLC of San Diego has acquired a retail showroom property in Chula Vista’s Eastlake neighborhood for $5.1 million, according to brokerage firm Pacific Coast Commercial.