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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Tech Firms Join the Tenant Roster at Emmes’ Downtown Tower

Technology companies CPC Strategy and Dev Bootcamp have signed leases to join the tenant lineup at the 707 Broadway office tower in downtown San Diego, building owner Emmes Realty Services of California LLC announced.

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Sunroad Buys Nevada, Arizona Apartments for $65.7 Million

San Diego-based Sunroad Enterprises has acquired two apartment properties in Nevada and Arizona, in separate deals totaling $65.7 million, the company announced.

Wells Fargo Donates $5 Million to Nonprofit to Boost Homebuying Opportunities

Wells Fargo said it was donating $5 million to affordable housing nonprofit NeighborWorks America for a program to foster San Diego home ownership.

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Wireless Tech Firm Ingenu Takes New Space in Scripps Ranch

Wireless technology company Ingenu has signed a new lease for 27,855 square feet of office space at the Horizon Tech Center in Scripps Ranch, property owner KBS Real Estate Investment Trust II announced.

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Median Resale Home Price Increases 8%

The median price of previously owned San Diego homes rose 8 percent in the year ending in January, according to the Greater San Diego Association of Realtors.

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Lemon Grove Auto Sales Property Sold for $5.38 Million

San Diego investor Dan Floit has purchased an auto sales building and adjacent land in Lemon Grove for approximately $5.38 million, according to commercial real estate services firm Retail Insite.

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Planning Commission Set to Review Revised One Paseo

PROPERTY: Downsized Version Cuts Office, Retail Space in $600M Project

The San Diego Planning Commission, likely in March, will be reviewing a significantly downsized version of One Paseo, the Carmel Valley mixed-use project which last year spurred three community lawsuits after it was originally approved by the San Diego City Council.

GSDAR Stakes New Territory as Part of Co.

PROPERTY: Regional Group Aims to Serve National Market

The Greater San Diego Association of Realtors is teaming up with some of the largest Realtor groups in the country to form a company that will vet product vendors and allow local associations to share tools they’ve developed in-house.

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Blackstone Buys Oceanside Commercial Properties for $13.5 Million

An affiliate of New York-based Blackstone Group LP has purchased 16 buildings and land parcels at Pacific Coast Business Park in Oceanside for approximately $13.5 million, according to CoStar Group and public data.

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Kearny Mesa Industrial Building Sells for $4.85 Million

Locally based Thomas M. Murray Trust has acquired a Kearny Mesa industrial building for $4.85 million, according to brokerage company Marcus & Millichap.

Revenue, Net Income Rise at Realty Income

Realty Income Corp. saw total revenue rise 6.5 percent from a year ago in its fourth quarter ending Dec. 31, reaching $263.7 million, as net income available to common stockholders increased 7.2 percent, to $76.2 million.

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San Diego Retail Center Sells for $7.67 Million

McClurken Inc. of Spring Valley has acquired a three-building retail center in southern San Diego for approximately $7.67 million, according to CoStar Group and public data.

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President/CEO of Affirmed Housing to Chair State Housing Consortium

James Silverwood, the president and CEO of local company Affirmed Housing, will serve as 2016 board chair of the California Housing Consortium.

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Escondido Office Building, Land Parcel Sold for $7 Million

An affiliate of Escondido-based James Crone & Associates Inc. has acquired office and land properties in that city for a total of approximately $7 million, according to CoStar Group and public data.

Partnership Buys Oceanside Residential Land for $12.6 Million

A partnership that includes New York-based JEN Partners LLC has acquired 35.5 acres of residential land in Oceanside for approximately $12.6 million, with plans to develop 352 homes, according to CoStar Group and public data.