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Realty Income Corp. has named current chief operating officer Sumit Roy as its new president, among other leadership changes announced by the San Diego-based company.
El Camino Real, in San Diego’s Del Mar Heights submarket, ranks as the nation’s 12th most expensive street for office space, according to a new report by brokerage company JLL.
Home values in San Diego and Carlsbad continued to rise in October as home equity values nationwide approached pre-recession levels, according to a report Tuesday from CoreLogic.
Property owner Bixby Land Co. recently signed Berkley Insurance Co. as the first tenant at Aero, the renovated former FBI office building at 9797 Aero Drive in Kearny Mesa. Financial terms of the lease were not disclosed.
Point Loma Nazarene University in San Diego has opened its recently completed new $40 million science facility, a project that included related renovations at the Christian university.
The San Diego chapter of the Building Owners and Managers Association (BOMA) recently honored operators of four local commercial office properties at its annual The Outstanding Building of the Year (TOBY) and member awards gala.
The Apartment Co. of Encinitas has purchased the 100-unit Oceana Apartment Homes in Oceanside for $18.2 million, according to Institutional Property Advisors (IPA), a division of brokerage company Marcus & Millichap.
San Diego County’s construction starts declined 30 percent in value from a year ago in the first 10 months of 2015, to just over $2.5 billion, according to the latest figures from Dodge Data & Analytics.
Stricker Family Partnership of San Bernardino has purchased the 45-unit The Ridge on Jackson apartment community in La Mesa for $8.9 million, according to real estate services company HFF Inc., which arranged financing for the deal.
An entity that includes San Diego-based Douglas Wilson Cos. has acquired the Bonita View Plaza medical office building in Chula Vista for $4.5 million, the real estate services company announced
Earlier this year, downtown San Diego saw a major changing of the media guard when The Daily Transcript vacated its longtime home on Third Avenue — downsizing and moving into smaller quarters on Fourth Avenue following its acquisition by Daily Journal Corp. of Los Angeles.
PROPERTY: Economic Activity and Space Demands Raise Rents But Also Motivate Landlords to Improve Offerings
Many San Diego County office tenants landed some great “Class A” space at bargain prices in the immediate aftermath of the Great Recession of 2009-2010. Now, many of those businesses are facing what local commercial brokers aptly describe as “sticker shock,” as leases signed during that period come up for renewal.
San Diego’s home prices increased 6.6 percent in the year ending in September, according to an index measuring housing prices, continuing to exceed the average national bump.
The U.S. Bankruptcy Court has approved the sale of 47 more Haggen Inc. grocery stores in five states, including eight in San Diego County. Financial terms of separate purchase agreements involving several retailers were not immediately available.
Port district commissioners have approved a lease for a planned 400-room luxury InterContinental Hotel, to be developed on the southern portion of the former Lane Field ballpark site in downtown San Diego.