San Diego Business Journal


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

Gaslamp Seeking To Restore Luster

HOSPITALITY: Projects Include Entertainment, OfficeDowntown property owners say elements are gradually falling into place as San Diego’s historic Gaslamp Quarter seeks to recapture some of the luster lost over the past decade as locals flocked to other urban neighborhoods including Little Italy, North Park and the nearby Ballpark District in East Village.

By Lou Hirsh April 20, 2017 12:36 p.m.   $$ Share
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Developer Completes Apartment Project in Lemon Grove

San Diego-headquartered CityMark Development recently completed and opened Celsius, a new 84-unit apartment building in the East County city of Lemon Grove with an approximate development cost of $20 million.

By Lou Hirsh April 21, 2017 3:17 p.m. share »
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Scripps Health Sells Former Hospice Property in Hillcrest for $20 Million

San Diego’s Scripps Health has sold a former hospice facility that it owns in Hillcrest to a Houston-based investment company for $20 million. Camden USA Inc. plans to build a multifamily project on the eight-acre property at 4311 Third Ave., according to CoStar Group and public data.

By Lou Hirsh April 20, 2017 4:57 p.m. share »
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Find Your Perfect Environment at Stonebridge Estates

The Rancho Encantada area in San Diego is a 2,658-acre community east of Interstate 15 out Pomerado Road and east of Scripps Ranch. The area is notable for its distinctive weathered ridges and deep canyons that range in elevation from 600 feet in the west to 1,777 feet in the northeast.

By Stephanie Glidden April 20, 2017 1:35 p.m. share »
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After 8 Years of Absorption, Industrial May Have Peaked

Coming off a particularly strong year for space absorption and construction activity, San Diego County’s industrial property market will be hard-pressed in 2017 to match the high-demand patterns of 2016.

By Lou Hirsh April 20, 2017 1:08 p.m. share »
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Port District Chooses Developers for Chula Vista Waterfront RV Park

The Unified Port of San Diego has selected Sun Communities Inc. and Northgate Resorts LLC to develop a destination recreational vehicle park on the Chula Vista bayfront.

By Lou Hirsh April 19, 2017 4:41 p.m. share »

Multifamily Brokers Switch from CBRE to Kidder Mathews

Commercial real estate services firm Kidder Mathews has announced the San Diego hiring of three multifamily investment brokers and two support personnel, who have switched over from rival CBRE Group Inc.

By Lou Hirsh April 19, 2017 2:57 p.m. share »
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La Jolla Retail Units Sell for $4.65 Million

The Cove Equity Group of San Diego has acquired a two-unit retail condominium in La Jolla for $4.65 million, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh April 18, 2017 12:57 p.m. share »
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Vista Office Property Sold for $12.8 Million

An affiliate of Chino-based Gelardo Family Trust has purchased a Vista office building for $12.8 million, according to CoStar Group and public data.

By Lou Hirsh April 18, 2017 11:06 a.m. share »

Spiritual Campus Planned After $2.8M Escondido Land Purchase

Shanti Nivasam Corp. of San Diego has acquired a 20-acre land parcel in Escondido for $2.8 million, with plans to develop a Hindu spiritual campus, according to brokerage and research firm xREIT.

By Lou Hirsh April 17, 2017 3:02 p.m. share »
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Solana Beach Mixed-Use Project Planned After $5.5 Million Land Purchase

RAF Pacifica Group of Encinitas has acquired a commercial land parcel in Solana Beach for $5.5 million, with plans for a $21 million mixed-use development.

By Lou Hirsh April 17, 2017 12:09 p.m. share »
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Wakeland Finishes $79.3M Affordable Housing Project in Cortez Hill

San Diego’s Wakeland Housing and Development Corp. recently completed Atmosphere, a $79.3 million project with 154 affordable apartments in downtown’s Cortez Hill neighborhood.

By Lou Hirsh April 14, 2017 2:59 p.m. share »
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Developers of Downtown’s Carte Hotel Obtain $49.7 Million in Financing

Developers have obtained approximately $49.7 million in financing for the Carte Hotel & Suites, now under construction in downtown San Diego, according to Peak Finance, which secured the financing.

By Lou Hirsh April 14, 2017 2:49 p.m. share »

Commercial Real Estate 2017: The Office Winners So Far

The stats gauging San Diego County’s commercial real estate performance in 2017’s first quarter are now arriving ...

By Lou Hirsh April 14, 2017 12:24 p.m. share »
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Carlsbad Brewery Igniter Puts Startups on the Map

Less than 15 months after opening its first Brewery Igniter in Miramar, geared to early-stage beer makers, San Diego’s H.G. Fenton Co. has now filled up three of those industrial facilities in key craft-brew hubs.

By Lou Hirsh April 13, 2017 2:17 p.m. share »