San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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National City Retail Property Sells for $14.87 Million

Santa Ana-based Red Mountain Inc. has purchased the National City Plaza retail property in National City for approximately $14.87 million, according to brokerage company Marcus & Millichap Inc.

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Vista Apartment Building Sold for $7.55 Million

Carv Properties LLC of San Diego has purchased the 45-unit Newport Terrace apartment property in Vista for $7.55 million, according to brokerage firm ACRE Investment Real Estate Services.

Reznik Stepping Down as Executive Director of Housing Federation

The San Diego Housing Federation said its executive director, Bruce Reznik, was stepping down after little more than a year heading the advocacy group for affordable home developers and the banks that finance those projects.

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Historic Pack Loft Building Sold for $4.7 Million

JS Capital Enterprises Inc., an affiliate of Los Angeles-based JS Western Retail Investments, has acquired a historically-designated building in East Village for $4.7 million, according to brokerage firm Colliers International.

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Apartment Property in Hillcrest Sells for $5.4 Million

Carv Properties LLC of San Diego has purchased a 35-unit senior apartment property in Hillcrest for approximately $5.4 million, according to brokerage firm ACRE Investment Real Estate Services.

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Multifamily Market Rides Rental Wave

PROPERTY: Demand Fuels Apartment Deals

The rising cost of buying single-family homes in San Diego County is pushing more people into the rental pool, and that is turning up the pace of apartment rent growth and property deal-making.

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New ConAm Executive to Oversee Multifamily Property Management

The ConAm Group of Companies (ConAm) has named Julie Brawn-Whitesides as its new executive vice president of property management, as the San Diego-based firm aims to grow its national multifamily property management portfolio.

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San Diego Apartment Portfolio Sold for $17.4 Million

Positive Investments of Arcadia has purchased a portfolio of three San Diego apartment properties with 171 units for a total of approximately $17.4 million, according to brokerage company Lee & Associates.

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Imperial Beach Apartments Sell for $5.16 Million

A buyer recorded as Savanna Apartments LLC of Laguna Beach has acquired the 30-unit Century Arms Apartments in Imperial Beach for $5.16 million, according to CoStar Group and Marcus & Millichap Inc.

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Golden Hill Apartment Property Sold for $6.2 Million

McNeill Property Investments LLC of San Diego has purchased a 30-unit apartment building in the city’s Golden Hill neighborhood for approximately $6.2 million, according to brokerage firm ACRE Investment Real Estate Services.

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Work Begins on New Public Park at Sudberry’s Civita

Hazard Construction Co. has broken ground on Civita Park, the latest element of the Civita mixed-use community in Mission Valley, being developed by San Diego-based Sudberry Properties.

San Diego County Hotel Property Deals Declined in First Half

The volume of San Diego County’s hotel property sales transactions declined 16 percent from a year ago in the first half of 2015, while the dollar volume of those deals slipped 1 percent, according to a newly released mid-year report by brokerage and research firm Atlas Hospitality Group.

Median Home Price Increases to $470,000 in July

The median home price in San Diego County rose 5.6 percent in July from the year before, to $470,000, while the number of homes sold continued their recent double-digit spurt, increasing 22 percent to 4,322, according to data from CoreLogic.

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ROIC Reports Increase in Second-Quarter Revenue

Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $46.2 million for its second quarter ending June 30, up from $36.9 million in the year-ago quarter.

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Carlsbad Retail Center Getting $15 Million Renovation, Rebranding

Owner Linwood Ventures of Los Angeles plans a $15 million renovation of the former La Costa Towne Center in Carlsbad, with plans to rebrand the property as a luxury retail center called The Beacon La Costa.