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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SDSU Begins Work on $143 Million Mixed-Use Project

San Diego State University has broken ground on South Campus Plaza, a $143 million mixed-use student housing and retail project slated for completion in fall 2016.

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BioMed Realty and Broad Institute Form Strategic Partnership to Promote Innovation

San Diego-based BioMed Realty Trust Inc. and the Broad Institute of MIT and Harvard announced a strategic partnership to foster innovation and promote relationships between academia and the life science industry.

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Imperial Beach Apartment Property Sells for $5.5 Million

Imperial Beach Resort LLC of Henderson, Nev., has purchased Beach Town Rentals, a 31-unit apartment property in Imperial Beach, for $5.5 million, according to CoStar Group and public data.

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Dec. 1 Groundbreaking Slated for New Little Italy Plaza

The Little Italy Association and San Diego-based developer H.G. Fenton Co. plan a Dec. 1 groundbreaking for Piazza Famiglia, a 10,000-square-foot public plaza serving the downtown neighborhood.

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San Marcos Retail Center Sells for $5.25 Million

A buyer recorded as Oda LLC has purchased a San Marcos retail center for $5.25 million, according to the brokerage company Pacific Coast Commercial, which represented the buyer.

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Chula Vista Retail Property Sells for $9.8 Million

An affiliate of Paragon Real Estate Fund of San Diego has purchased the retail portion of the mixed-use Heritage Town Center in Chula Vista for $9.8 million, according to CoStar Group and public data.

$60 Million Math-Science Building Planned at Southwestern College

The San Diego office of general contractor Rudolph and Sletten was recently awarded the construction contract for a $60 million Math, Science and Engineering Building planned at Southwestern College in Chula Vista.

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Historic Britt-Scripps House in Bankers Hill Sold

New Romax Inc. of El Monte has purchased the historic Britt-Scripps House, in San Diego’s Bankers Hill neighborhood, for $2.9 million, according to brokerage company Colliers International.

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Kilroy Begins Work on $45 Million Del Mar Heights Office Project

PROPERTY: It Is Aiming to Meet LEED Gold Standards

Kilroy Realty Corp. of Los Angeles has begun construction on a new $45 million office building, which officials said is the first speculative construction in eight years in San Diego’s Del Mar Heights submarket.

Law Firms Opt for Renewals as Landlords Gain Leverage

TROPHY SPACE: Lack of New Inventory, Pressure on Costs Deter Movement

Need proof that commercial real estate has recovered from the worst of the Great Recession?

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Into the Spotlight

PROPERTY: National Investors Find Deals in San Diego Market

San Diego recently placed 24th in a global ranking of cities based on commercial property investment dollar volume for the year ending June 30.

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Vista Industrial Building Sells for $13.55 Million

An entity listed as KI-Vista-LPSM LLC has purchased a building at Vista Business Park for $13.55 million, which it is leasing to Escondido-based Stone Brewing Co. for a previously confirmed new distribution center, according to brokerage company Cushman & Wakefield Inc.

Alliance Plans 7-Story Mixed-Use Project in the East Village

It turns out that Alliance Residential Co. wasn’t through with downtown San Diego when it recently decided to sell its 203-unit Broadstone Little Italy for $102.5 million, not long after completing the project earlier this year.

Loan Distress On the Decline

PROPERTY: Glut of Loans Coming Due Should Be OK

Thanks to an improving commercial real estate climate, San Diego-based Douglas Wilson Cos. has witnessed a steady decline in bank foreclosures on properties since the end of the Great Recession, meaning less need for its bank- and court-appointed property disposition services, though there are still pockets of those cases being handled by the company’s four offices nationwide.

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Kilroy Begins Work on $45 Million Del Mar Heights Office Project

Kilroy Realty Corp. of Los Angeles has begun construction on a new $45 million office building, which officials said is the first speculative construction in eight years in San Diego’s Del Mar Heights submarket.