San Diego Business Journal


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

Landlords Still Hold Favorable Cards

Sizzling Market Downshifts Slightly;Trends Emerge in SubmarketsAs the early months of 2017 unfold, it’s clear that demand for San Diego County commercial real estate remains strong, even if most sectors aren’t exhibiting red-hot characteristics like those seen during the past two years, particularly in the multifamily and industrial segments.

By Lou Hirsh May 25, 2017 2:30 p.m.   $$ Share

Guild Mortgage Offers 1% Down Payment Plan

San Diego-based Guild Mortgage has launched a loan program that requires homebuyers to come up with only a 1 percent down payment to be eligible for a grant for an additional 2 percent from the independent mortgage lender.

By Sarah de Crescenzo May 29, 2017 1:04 p.m. share »
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Ground-breaking Is Planned for New Office Building at Makers Quarter

Developers of the mixed-use Makers Quarter in East Village have scheduled a May 30 ground-breaking for “Block D,” billed as the first multitenant downtown office building to be constructed in nearly a decade.

By Lou Hirsh May 26, 2017 2:04 p.m. share »

County Construction Starts Up 19 Percent So Far in 2017

The value of San Diego County’s construction starts rose 19 percent from the year-ago period in the first four months of 2017, topping $1.2 billion, although the region saw a decline in non-residential project activity, according to the latest monthly numbers from Dodge Data & Analytics.

By Lou Hirsh May 26, 2017 11:46 a.m. share »
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Hikers, Tourists Can Refuel at Warner Springs

Warner Springs Ranch Resort on Highway 79 recently opened its remodeled, 1,000-square-foot gas station on the resort property, fully stocked with snacks, souvenirs and other nonfuel items. Developers said they also placed picnic tables outside the Gas Mart, at 31652 state Highway 79, for Pacific Crest Trail hikers looking to recuperate and refuel before heading out.

By Lou Hirsh May 25, 2017 3:36 p.m. share »
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Transit Center Project Plans Look to Gain Traction

It’s not exactly boom times, but commercial development in the otherwise low-key city of Solana Beach has been accelerating.

By Lou Hirsh May 25, 2017 3:34 p.m. share »
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National City Apartments Sold for $4.67 Million

San Diego-based KA Real Estate LLC has acquired a 29-unit apartment complex in National City for approximately $4.67 million, according to brokerage firm Apartment Consultants Inc. (ACI)

By Lou Hirsh May 25, 2017 3:23 p.m. share »

Retail Real Estate Services Firm SRS Opens San Diego Office

Retail services provider SRS Real Estate Partners has opened a new office in downtown San Diego, at 402 W. Broadway Suite 400. It is the first office in the local market for Dallas-headquartered SRS.

By Lou Hirsh May 24, 2017 4:10 p.m. share »
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McDonald’s Buys Escondido Building for $4.05 Million

Illinois-based McDonald’s Corp. has purchased an Escondido building, which the restaurant company had been leasing for more than 50 years, for $4.05 million, according to brokerage firm Lee & Associates.

By Lou Hirsh May 24, 2017 12:03 p.m. share »
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Chelsea Opens $20.4M Affordable Apartment Complex in San Diego

Carlsbad-headquartered Chelsea Investment Corp. recently opened Ouchi Courtyards, a $20.4 million affordable apartment development in San Diego’s Encanto neighborhood.

By Lou Hirsh May 23, 2017 5:29 p.m. share »
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San Diego Apartment Building Sells for $2.04 Million

Investor Travis Likert of San Diego has acquired a 14-unit apartment property in San Diego’s Lincoln Park neighborhood for $2.04 million, according to brokerage firm San Diego Investment Brokers.

By Lou Hirsh May 23, 2017 1:09 p.m. share »
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North Park Apartment Property Sold for $12 Million

Affiliates of San Diego-based E3 Investments Inc. have acquired a 43-unit apartment building in the city’s North Park neighborhood for approximately $12 million, according to CoStar Group and public data.

By Lou Hirsh May 23, 2017 12:02 p.m. share »
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Ocean Beach Apartments Sold for $2.08 Million

Florida-based investors Fred and Cynthia Deluca have acquired a six-unit apartment property in San Diego’s Ocean Beach neighborhood for approximately $2.08 million, according to brokerage firm ACRE Investment Real Estate Services.

By Lou Hirsh May 22, 2017 2:32 p.m. share »
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Palo Alto Firm Buys Oceanside Apartments for $30 Million

An affiliate of Palo Alto-based Pacific Urban Residential has acquired a 136-unit Oceanside apartment property for $30 million, according to CoStar Group and brokerage firm Kidder Mathews.

By Lou Hirsh May 22, 2017 2:22 p.m. share »
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Poway Office Building Sells for $5.36 Million

A San Diego buyer listed as Hotel Mediterranean LLC & 13th LLC has acquired a Poway office building for $5.36 million, according to brokerage firm Pacific Coast Commercial.

By Lou Hirsh May 22, 2017 1:01 p.m. share »
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Tenant Slate Is Announced for Upcoming Retail Center at Millenia

Retailers HomeGoods and Cost Plus World Market are among several tenants that have signed leases to occupy Millenia Commons, set to be developed by Sudberry Properties as the primary retail component of the mixed-use Millenia community in Chula Vista.

By Lou Hirsh May 19, 2017 2:47 p.m. share »