San Diego Business Journal


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

Carlsbad Office Property Housing Bank Sells for $7.2 Million

San Diego investor and developer Dan Floit has acquired a Carlsbad office building housing Bank of America for $7.2 million, according to brokerage company CBRE Group Inc.

By Lou Hirsh September 9, 2014 4 p.m.   Share

BOMA's TOBY Awards Honor Some Top Properties

The San Diego Building Owners and Managers Association (BOMA) recently announced the winners for the local TOBY awards, “The Outstanding Building of the Year,” at the organization’s Winter TOBY and Membership Awards Gala at the Estancia La Jolla Hotel and Spa.

Carlsbad Approves Lease for Grand Pacific’s Expansion Plans

After more than a year of discussion and debate, the city of Carlsbad has a plan in place to convert a small piece of city-owned land into an expansion site for a hotel owned and operated by locally based Grand Pacific Resorts.

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Travelodge in Mission Valley Sells for $9 Million

An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.

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Goodwill Industries Purchases Chula Vista Retail Buildings for $3.1 Million

Goodwill Industries of San Diego has purchased three Chula Vista retail buildings for approximately $3.1 million, according to CoStar Group and public data.

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San Ysidro Retail Center Is Sold for $2.85M

Southbay Investment Co. LLC of San Diego has purchased a San Ysidro retail center for approximately $2.85 million, according to brokerage company Duhs Commercial Inc., which handled the transaction.

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Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

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Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

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San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.

Median Home Price in November Was $430,000

The median price for houses sold last month in San Diego County was $430,000, down 2.2 percent from October, but up 3.6 percent from November 2013, according to the most recent CoreLogic Dataquick real estate report.

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Oceanside Residence Inn Hotel Getting $2 Million Renovation

Operators of Residence Inn San Diego Oceanside have begun a $2 million renovation of the 125-room property at 3603 Ocean Ranch Blvd. in Oceanside.

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Downtown San Diego Office Building Sells for $18.5 Million

Bosa Development of Vancouver, B.C., has acquired the downtown San Diego office building at 1620 Fifth Ave. for $18.5 million, according to the seller, locally based Douglas Wilson Cos.

They Keep the Amenities Close and Style Closer in the Covenant

Within a few short miles of traveling east on Lomas Santa Fe Drive off of Interstate 5 is the west side of the Rancho Santa Fe Covenant.

Key Economic Drivers to Keep Fueling Real Estate Demand

property: Defense, Biotech, Tourism and Tech Are Region's Engines

Technology, biotech, defense and tourism – and various combinations of all four – are expected to have a continued strong impact on local real estate demand in 2015 and beyond, said experts at a recent symposium on the subject.

Karras to Lead USD’s Burnham-Moores Center

REAL ESTATE: New Executive Director Replaces Retiring Mark Riedy

University of San Diego’s School of Business Administration has named Stath Karras as the new executive director of the school’s Burnham-Moores Center for Real Estate, effective Jan. 19.