San Diego Business Journal


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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Sorrento Mesa Industrial Park Sells for $90M

An affiliate of New York-based Clarion Partners has acquired the five-building Pacific Technology Park in Sorrento Mesa for $90 million, according to CoStar Group and public data.

Community HousingWorks Spins Off Home Buying Programs

Community HousingWorks (CHW), a nonprofit organization based in San Diego dedicated to helping people find home stability, has spun off its home buying programs and transferred them to Springboard, a national consumer financial services nonprofit.

Office Building Groundbreaking to Get Makers Quarter Started

PROPERTY: East Village Mixed-Use Project Would Cost $1B Fully Built-Out

After moving in slow fits and starts since it was announced in 2013, developers now say that the mixed-use, multiblock Makers Quarter in East Village should see its first significant groundbreakings within the next six months.

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Downtown View

PROPERTY: A Project and A Purchase Turn Developer’s Attention Back to City’s Center

Nearly 35 years after he built his earliest office and hospitality projects in downtown San Diego, including the region’s first high-rise waterfront hotel, Douglas Manchester’s primary development focus is now returning to that neighborhood.

Groundbreaking Takes Place for 635-Unit Community in Carlsbad

Presidio Residential Capital and Cornerstone Communities broke ground Sept. 28 on a 635-unit community in northeast Carlsbad, the San Diego-based real estate investment firm and developer said.

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Scripps Ranch Retail Property Sells for $20.45 Million

An entity recorded as Villa Ruchello LLC of Santa Barbara has acquired Scripps Ranch Marketplace Phase II retail center in San Diego for $20.45 million, according to brokerage firm CBRE Group Inc. and public data.

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Westcore Buys Southern California Industrial Portfolio for $69.4 Million

San Diego-based Westcore Properties has acquired a Southern California industrial portfolio from a real estate investment arm of MetLife for $69.4 million.

San Diego Home Price Gains Beat National Average, Index Shows

San Diego’s home prices rose 5.4 percent in the year ending in July 2015, according to an index measuring housing prices, edging out the national growth rate and recording some of the strongest long-term growth in the country.

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Discount Retailer Opens New Store in National City

Pleasanton-based retailer dd’s Discounts recently opened a new store in National City, marking its seventh location in San Diego County.

Carlsbad Lagoon Project Opponents Submit More than 9,000 Signatures

Carlsbad opponents of a controversial lagoon-adjacent development have delivered referendum petitions with 9,074 signatures to the city clerk, in a bid to have City Council’s recent approval of the project overturned or placed before voters.

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These La Jolla Gems Sparkle on Their Perches Near the Pacific

There are scores of charming neighborhoods in San Diego County, but the Barber Tract in La Jolla is one of the most beguiling. Reminiscent of Carmel in Northern California, the streets of the community are lined with vine-covered cottages, grand estates and a treasure trove of architecturally significant, historic homes.

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Downtown Land Parcels Sold for $4.4 Million

A partnership recorded as 3500 5th LP has acquired two contiguous land parcels in downtown San Diego’s East Village for $4.4 million, according to brokerage company Colliers International.

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Grant Hill Multifamily Portfolio Sold for $2.1 Million

H Street Plaza LLC of San Diego has purchased a 16-unit multifamily property portfolio in San Diego’s Grant Hill neighborhood for $2.1 million, according to brokerage firm ACRE Investment Real Estate Services.

Co. Goes for the Silver Rather Than Multifamily Gold Rush

PROPERTY: Wilson Cos. Follows Demographics To Senior Housing

Since its founding in 1989, San Diego’s Douglas Wilson Cos. hasn’t hesitated to reconfigure its commercial property service offerings to reflect changes in the sometimes volatile real estate market.

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BioMed Shares Rise Sharply After Report of Possible Sale

San Diego’s BioMed Realty Trust Inc. was among the biggest movers on the New York Stock Exchange on Sept. 23, after a media report that the company is exploring a sale.