San Diego Business Journal


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

5 San Diego Zip Codes Make List of State’s Priciest

A section of San Diego’s Rancho Santa Fe community has been ranked California’s seventh priciest zip code for real estate, according to a list compiled by PropertyShark, a real estate data provider.

By Sarah de Crescenzo May 18, 2017 1:28 p.m. share »
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Grocer Trader Joe’s Opening New Store at SDSU

Specialty grocer Trader Joe’s plans a May 19 opening for its new store at San Diego State University’s South Campus Plaza. The store at 5140 College Ave. is the 15th in San Diego County for the Monrovia-based retailer.

By Lou Hirsh May 18, 2017 1:24 p.m. share »

SDSU Disengages from Talks on SoccerCity Project

San Diego State University has disengaged from talks on the proposed SoccerCity development in Mission Valley, a move that developers of the mixed-use project contend could negatively impact the university’s football program.

By Lou Hirsh May 17, 2017 2:59 p.m. share »

Trump Taps Developer Manchester for Bahamas Ambassador Post

Douglas Manchester was not commenting officially on May 16, regarding President Donald Trump’s announcement that he plans to nominate the longtime San Diego developer to be the next U.S. ambassador to the Bahamas.

By Lou Hirsh May 16, 2017 4:54 p.m. share »

Investors Stashing Some Gains in This Sector

A specialized investment sector apparently is paying off for those who know where to invest.

By Lou Hirsh May 16, 2017 4:11 p.m. share »
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Sears Plans to Close Store at Westfield UTC

The Sears full-line department store at Westfield UTC is among at least 28 Sears and Kmart stores added to a previously announced nationwide list of planned closures, as the long-struggling Sears Holdings Corp. continues to restructure its operations.

By Lou Hirsh May 16, 2017 10:53 a.m. share »
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Developers Building Opposition to SoccerCity

Not every high-profile development dispute is simply a clash between developers and residents living near the proposed high-impact project. In the case of the mixed-use SoccerCity in Mission Valley, the development team led by FS Investors likely will be up against two other big local development companies, with long histories in the San Diego region, if the soccer-centric project goes to voters this fall as expected.

By Lou Hirsh May 15, 2017 3:14 p.m. share »
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Liberty Station Office Building Sells for $5.28 Million

Real estate services firm Help U Buy LLC of San Diego has acquired a bayfront office property in Point Loma’s Liberty Station mixed-use development for approximately $5.28 million, according to brokerage firm Lee & Associates.

By Lou Hirsh May 15, 2017 1:14 p.m. share »

Solar Power, Pedal Power, and Power of the Purses

Kilroy Realty Corp. of Los Angeles, one of San Diego County’s largest office property owners, recently announced a multimillion-dollar project with New Jersey-based Nautilus Solar Energy LLC, in which Nautilus will install significant solar power systems at nine Kilroy properties in California.

By Lou Hirsh May 15, 2017 10:11 a.m. share »
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Lars Herman, California’s SBA Small Business Person of the Year

Lars Herman, chief executive officer of Herman Construction Group, recently found out he was one of three runners-up for the U.S. Small Business Administration’s Small Business Person of the Year. Earlier in the year, he had been named California’s Small Business Person of the Year.

By Sarah de Crescenzo May 15, 2017 9:41 a.m. share »
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Wilson Cos., Milestone Obtain $30 Million in Financing for Assisted-Living Facility

San Diego-headquartered Douglas Wilson Cos. and Milestone Retirement Communities LLC have obtained approximately $30 million in financing for a planned new assisted-living and memory care facility in Chula Vista.

By Lou Hirsh May 12, 2017 12:21 p.m. share »
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Carlsbad Industrial Building Sold for $11.15M

A buyer recorded as Lionshead LLC of Encino has acquired a Carlsbad industrial “flex” property for $11.15 million, according to brokerage firm Lee & Associates.

By Lou Hirsh May 12, 2017 11:44 a.m. share »

Feds May Have Nixed Sale of Hotel del Coronado

Six months after its planned sale of Hotel del Coronado to a Chinese insurance company was apparently scuttled by scrutiny from federal officials, the iconic property remains in the portfolio of owner Blackstone Group LP.

By Lou Hirsh May 12, 2017 11:05 a.m. share »
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Escondido Retail Center Sells for $24.83 Million

ADF Gateway LP of Rancho Santa Fe has purchased the Gateway Center retail property in Escondido for approximately $24.83 million, according to real estate services firm Faris Lee Investments.

By Lou Hirsh May 11, 2017 1:57 p.m. share »