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

Port Selects Company to Negotiate on Chula Vista Bayfront Hotel Development

The board of Port Commissioners announced the selection of RIDA Development Corp. to enter negotiations to develop a destination resort and convention center on the Chula Vista Bayfront.

County's Assessed Property Value Up 5.7 Percent

The total value of San Diego County’s assessed property for the 2014 fiscal year ended June 30 was $430.3 billion, up 5.7 percent from the prior year, according to the state Board of Equalization.

Inflexus Buys Diego Homes Property Management Group

Inflexus Management, a San Diego property management firm, said it acquired Diego Homes Property Management Group, a local management firm focused mainly on single-family homes and small apartments, for an undisclosed price.

Rural Charms Offer a Perfect Setting for Luxurious Living

What I love about San Diego County, unlike most large urban areas, is that it has pockets of hidden communities that were formed for an explicit reason.

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Pace of Construction Projects Slows as MCI West Winds Down

CONSTRUCTION: Shift Toward Pacific Region Strategy Brought Work

Military base construction projects remain a potent economic driver in San Diego County, but not with the same impact seen in the 2007-2012 period when the Defense Department completed $4 billion in enhancements to local installations, according to the San Diego Military Advisory Council.

Pendry Joins the List of Luxury Downtown Hotel Projects

Two more high-profile, hospitality-related projects recently broke ground in San Diego’s downtown area, giving continued heft to its status as the region’s prime hot spot for new development.

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Presidio Residential Partners With Builder for Pismo Beach Project

San-Diego based Presidio Residential Capital is partnering with Coastal Community Builders in plans to build Seaside Villas, a $5.43 million .38-acre community with eight detached three-story townhomes in Pismo Beach.

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Housing Seen as Key for Border Region Growth

PROPERTY: Infrastructure Improvements Being Made

Pieces are slowly falling into place to turn the Otay Mesa region into a vibrant future hub of cross-border business activity. And if one recent high-profile deal is an indicator, observers say the border-adjacent region could become more attractive to those investing in residential projects.

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Otay Mesa Industrial Property Purchased for $5 Million

Dallas-based TriGate Capital LLC and Lotus Real Estate Partners of Irvine have purchased an Otay Mesa industrial property for approximately $5 million, according to a statement from the buyers.

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Planning Commission Approves One Paseo Project with Requested Revisions

The San Diego Planning Commission has approved and forwarded to City Council a controversial $650 million mixed-use development, called One Paseo, proposed for Carmel Valley.

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Hilton Plans New Canopy Hotel in Downtown San Diego

Virginia-based Hilton Worldwide has a large new tower-style hotel planned for East Village, as part of a national rollout of a new upscale brand called Canopy by Hilton.

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New Tenants Join Lineup at Regency’s Balboa Mesa Center

Locally-based Chicken Charlie’s, long known for its deep-fried offerings at the San Diego County Fair and fairs in Los Angeles and Orange counties, is among 14 new tenants recently signed to leases at Balboa Mesa Shopping Center in San Diego’s Clairemont neighborhood, according to property owner Regency Centers.

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Cisterra Expects June Completion for New Sempra Headquarters Tower

San Diego-based Cisterra Development is anticipating a June 2015 completion for the new headquarters building for Sempra Energy, currently under construction in downtown’s East Village neighborhood.

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Work Progressing on $43 Million Senior Care Facility in Chula Vista

Construction is progressing on a new $43 million retirement and care community in Chula Vista, being built by St. Paul’s Senior Homes & Services.

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BioMed Markets Developments Via New Mobile App

BioMed Realty Trust Inc. recently launched a new mobile application geared to informing tenants and brokers about potential development at its life science properties in San Diego and three other markets.