San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Developers of Downtown’s Carte Hotel Obtain $49.7 Million in Financing

Developers have obtained approximately $49.7 million in financing for the Carte Hotel & Suites, now under construction in downtown San Diego, according to Peak Finance, which secured the financing.

By Lou Hirsh April 14, 2017 2:49 p.m. share »

Commercial Real Estate 2017: The Office Winners So Far

The stats gauging San Diego County’s commercial real estate performance in 2017’s first quarter are now arriving ...

By Lou Hirsh April 14, 2017 12:24 p.m. share »
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Carlsbad Brewery Igniter Puts Startups on the Map

Less than 15 months after opening its first Brewery Igniter in Miramar, geared to early-stage beer makers, San Diego’s H.G. Fenton Co. has now filled up three of those industrial facilities in key craft-brew hubs.

By Lou Hirsh April 13, 2017 2:17 p.m. share »
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San Diego Trust Acquires Texas Restaurant Building for $2.42 Million

Daniel R. Bond Separate Property Trust of San Diego has purchased a Fort Worth, Texas building housing Chili’s Grill & Bar for approximately $2.42 million, according to brokerage firm The Heritage Group.

By Lou Hirsh April 13, 2017 12:59 p.m. share »
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Work Begins on Condominium Development in Otay Mesa

San Diego’s Cornerstone Communities and Presidio Residential Capital have begun construction on the $45 million first phase of Tesoro at Vista Del Sur, with 134 upscale condominiums in Otay Mesa.

By Lou Hirsh April 12, 2017 3:11 p.m. share »

Mortgage Lender Attorneys Funding Group Inc. Opens First Local Office, in Poway

Roseville-based mortgage lender Attorneys Funding Group Inc. has opened a branch in Poway, its first in San Diego.

By Sarah de Crescenzo April 12, 2017 3:10 p.m. share »
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Imperial Beach Retail Center Sold for $10.5 Million

Highpoint Capital Group of Tarzana has purchased an Imperial Beach retail center for approximately $10.5 million, according to brokerage firm NAI Capital’s Investment Services Group.

By Lou Hirsh April 12, 2017 3:09 p.m. share »
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Encinitas Firm Buys Two Commercial Properties for $7 Million

Stos Partners of Encinitas has acquired two commercial properties, located in San Dimas and Encinitas, for a total of $7 million, the company announced.

By Lou Hirsh April 11, 2017 4:05 p.m. share »
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Shea Homes Buys Vacant Land in Carlsbad for $4 Million

The San Diego office of Shea Homes has purchased 3.13 acres of vacant land in Carlsbad for $4 million, with plans to build 10 single-family houses, according to brokerage firm Lee & Associates.

By Lou Hirsh April 11, 2017 4:04 p.m. share »
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La Mesa Apartment Property Sells for $3.85 Million

Investor Mark Gosselin of San Diego has acquired a 26-unit apartment property in La Mesa for $3.85 million, according to brokerage firm ACRE Investment Real Estate Services.

By Lou Hirsh April 11, 2017 4:03 p.m. share »
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Richman Group Begins Work on $100M Downtown Mixed-use Development

Developer The Richman Group of California LLC has begun construction on K1, a new mixed-use apartment tower in downtown San Diego with an estimated development cost of more than $100 million.

By Lou Hirsh April 10, 2017 4:06 p.m. share »
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Chula Vista Apartment Property Sells for $4.32 Million

Mar City IV LLC of Del Mar has acquired a 30-unit apartment property in Chula Vista for approximately $4.32 million, according to brokerage firm South Coast Commercial Inc.

By Lou Hirsh April 7, 2017 11:53 a.m. share »
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Bemer USA Purchases Carlsbad Property for New Headquarters

Bemer USA, which makes medical devices geared to vascular physical therapy, has purchased a Carlsbad industrial and office building for approximately $2.58 million.

By Lou Hirsh April 7, 2017 11:39 a.m. share »

County's March Median Home Price Hits $575,030

San Diego County homes sales rebounded in March, in line with seasonal patterns, as median closing prices for existing, single-family houses rose 2 percent month over month – or 5 percent from a year earlier – to $575,030.

By John Cox April 7, 2017 10:57 a.m. share »
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Little Italy Office Tower Owner Obtains $33 Million in Refinancing

Property owner Gemini Rosemont LLC has obtained $33 million in refinancing for a downtown San Diego office tower that it purchased last year, according to A10 Capital, which financed the loan.

By Lou Hirsh April 6, 2017 4:08 p.m. share »