SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Development firm The Shamrock Group LLC, based in Solana Beach, has obtained a $40 million construction loan for a new outlet shopping center it is building in San Ysidro.
San Diego County Regional Airport Authority, which operates San Diego International Airport, will hold a gathering aimed at helping small businesses win contract work on current airport construction projects.
San Diego County apartment rents during the fall declined 1 percent, while the vacancy rates continued to decrease, according to a recent report from the San Diego County Apartment Association.
Alliance Residential Co. of Phoenix has purchased the 549-unit Coronado Bay Club apartment community in Coronado for approximately $161.5 million, according to brokerage services provider Jones Lang LaSalle Inc., which represented the seller.
Viewpoint Equities of San Diego has purchased two Mission Valley office buildings for a total of $9.9 million, according to Colliers International, which brokered the transaction.
The downtown San Diego office tower at 450 B. St., known locally as the Bank of America Tower, has been sold for $73 million, according to CoStar Group and public data.
A unit of San Diego-based Pacifica Cos. has purchased Emeritus at Escondido, an assisted-living health-care facility, for approximately $3 million, according to CoStar Group and public data.
The California Coastal Commission will review plans for a new 650-room hotel complex at Liberty Station in Point Loma, proposed by a unit of San Diego-based The Corky McMillin Cos.
La Jolla-based Pico Holdings Inc. recently reported net income of $8.2 million for its third quarter of fiscal 2013, up from a $5.3 million loss posted in the same quarter of 2012.
The California Coastal Commission is reviewing plans by University of California, San Diego for a new scenic walkway and vista point on the Scripps Institution of Oceanography campus in La Jolla.
Real Estate Column
San Diego County and the nation are in the midst of steady post-recession recovery when it comes to new construction projects, by most indicators; however, many contractors are not yet in a mood to celebrate.
PROPERTY: Housing Market Changes Give Investors Incentive to Rent
Business partners Imran Clark and Darrell Kucan were among the risk-takers in the wake of the housing market collapse, buying houses mainly through short sales — in which banks approved offers below the amount owed on their loans — and often flipping houses in a few days.
The three finalists in San Diego Venture Group’s annual PitchFest have been selected from a list of more than 90 contestants: student housing search service OnMyBlock, “focused ultrasound” medical device startup Sonrgy Inc. and trust fund service provider TrustEgg.
San Diego-based Trigild has closed a $50.8 million sale of a Rancho Cucamonga office building for which it had been appointed receiver.
Carlsbad-based West Living, which owns and operates hospitality-based senior living communities, plans to develop a new assisted living and memory care community in Corona.