SD REAL ESTATE

Cargo Services Provider Atlas Expanding Otay Mesa Operations

San Diego-based Atlas Freight Forwarding Inc. plans to expand its local operations, after leasing a nearly 100,000-square-foot industrial distribution suite in Otay Mesa.

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Turner Construction, SVA Architects Begin Design of San Ysidro Library

Design of the long-awaited new San Ysidro Public Library is underway, announced Turner Construction Co. and SVA Architects Inc., which have teamed up on the $10.3 million project.

Westcore Buys Antioch Distribution Facility for $32.4 Million

San Diego-based Westcore Properties has acquired an industrial building in the Bay Area city of Antioch for $32.4 million, the company announced.

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UTC Medical Office Campus Sold for $97 Million

A partnership that includes Virginia-based Anchor Health Properties and Washington, D.C.-based The Carlyle Group has acquired a two-building medical office campus in University Towne Center for $97 million, according to CoStar Group and public data.

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City Heights Apartments Sold for $2.14M

Investors Frank Gomez and Catalina Amuedo-Dorantes of San Diego have acquired a nine-unit apartment property in the City Heights neighborhood for $2.14 million, according to brokerage firm Apartment Advisors Inc.

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Architect Puts Her Skills Into Bringing Clients’ Visions to Life

One of the most beautiful beaches and prestigious residential areas in the county is the Del Mar Beach Colony. It’s that stretch of beach along the far northern end of Del Mar up to the border of Solana Beach. Home to movie stars, moguls and those prescient enough to have bought property there 20 years ago; it’s quintessential beach living.

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New Dining Venues, and Other Tenant Arrivals

Mall owner Rouse Properties recently announced three more upcoming new dining tenants for The Shoppes at Carlsbad, currently undergoing an extensive renovation. Joining the lineup will be San Diego’s Lucha Libre, set to open its third local gourmet taco shop; Santa Ana-based Neckter Juice Bar, opening its 10th local location; and Poke Hut, a new concept from the operators of Carlsbad’s Señor Grubby’s with a twist on the Hawaiian fish dish.

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Border Wall Project Bypasses Local Firms ... So Far

The proposed new U.S.-Mexico border wall backed by President Trump will be going through San Diego County if it actually gets built. But the design won’t involve any local companies, at least in the early going.

Rental Demand Likely to Outpace Supply Well into 2020

The next 18 months will see at least 7,250 new apartments come on the market in San Diego County. Does that mean relief for renters, or cause for multifamily investors to alter their strategies in this still-tight market?

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S.D. Acquisition Puts Mynd in Target Rich Rental Market

PROPERTY: Management Platform Aiming for Sites Of 50, or less, Units

Responding to the rise of mobile apps in the realm of rental property management, Bay Area technology provider Mynd recently made its first expansion into Southern California by acquiring San Diego’s Pacific Shore Management for an undisclosed price.

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DiamondView Deal Caps Downtown Flurry

OFFICE: $207M Transaction Is Third Recent Tower Sale

It was considered a laggard submarket for several years, but rising demand for office space in downtown San Diego has made it a hothouse for some of this year’s biggest commercial property deals.

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Will Housing Crisis Open Door to North County Development?

PROPERTY: Newland Plan Will Test if Public Mood Has Changed

A 2,135-home project proposed just outside of San Marcos will go before the County Board of Supervisors in 2018, eight years after the board shot down another housing plan for the site.

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Carlsbad Mixed-Use Project Planned After $3.4M Property Purchase

San Clemente-based Rincon Homes has purchased a medical office property in Carlsbad for $3.4 million, with plans to redevelop the site into a retail and residential mixed-use community, according to brokerage firm Colliers International Group Inc.

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DiamondView Tower in East Village Sold for $207 Million

San Francisco-based Divco West has acquired the DiamondView office tower in downtown San Diego’s East Village for $207 million, according to CoStar Group and public data.

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Simon Wong Engineering Inc. Is Renamed Kleinfelder Construction Services Inc.

San Diego-based Kleinfelder Inc. has renamed Simon Wong Engineering Inc., which it acquired about five years ago, Kleinfelder Construction Services Inc.