SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.