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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City Heights Apartment Property Sold for $2.44 Million

SRM Investments LLC of San Diego has purchased a 14-unit apartment property in City Heights for $2.44 million, according to brokerage company ACRE Investment Real Estate Services.

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Developer Sunroad Names Dow as President of Multifamily Division

San Diego-based developer Sunroad Enterprises has named Michael Dow as president of its multifamily division, as the company looks to expand its portfolio in that category.

Home Prices Gained 4.8 Percent From May 2014 to May 2015

San Diego’s home prices rose 4.8 percent from May 2014 to May 2015, according to a national index measuring housing prices, catching up to the average growth rate in the country’s 20 largest cities.

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San Diego Retail Property Sells for $2.8 Million

Lai Family LP has purchased a three-building retail property in San Diego’s Grantville neighborhood for $2.8 million, according to commercial brokerage company Pacific Coast Commercial.

Guild Mortgage's Loan Volume Reaches $6.7 Billion

Guild Mortgage Co.’s loan volume reached $6.7 billion in the first six months of the year, more than double its volume during the same period the year before and its best first half in the company’s history, Guild said Monday.

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Point Loma Apartments Acquired for $3 Million

Mills Family Trust of Los Angeles has purchased an 11-unit apartment property in Point Loma for $3 million, in an all-cash deal, according to brokerage company Marcus & Millichap Inc.

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Chula Vista Industrial Park Sells for $6.75 Million

Castlerock Investments LLC has purchased a multi-tenant industrial park in Chula Vista for $6.75 million, according to brokerage company Voit Real Estate Services.

Golf Course Land Could Be Valuable Resource for Change

PROPERTY: New Purposes Proposed for Unviable Courses

Water shortages, steady drops in playing time and rising demand for housing are forcing a rethinking of how to use hundreds of acres of land now devoted to golf courses in San Diego County.

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Zephyr Is Well Positioned for a Condominium Comeback

PROPERTY: Its Projects Include The Block, With Multiple Price Points

Developer Zephyr Partners is counting on an ample supply of investment capital, along with emerging signs of life in the long-moribund for-sale condominium market, as it launches some big-ticket projects in the local market.

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Several Options Being Considered for Former Sempra Building

PROPERTY: Speculation Includes City Hall, Hotel, As Manchester Gets Stake

As Sempra Energy completed its move into a brand-new headquarters tower in East Village, the owners of its former downtown home were mulling the next life for the 46-year-old Ash Street building.

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Historic Penn Building in Gaslamp Quarter Sells for $10.2 Million

An affiliate of Beverly Hills-based Maxxam Enterprises has purchased an historic Gaslamp Quarter mixed-use property known as the William Penn Building for $10.2 million, according to brokerage company CBRE Group Inc.

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Carlsbad Apartment Building Sold for $10 Million

Property West Residential of San Diego has purchased the 45-unit Laguna Palms apartment property in Carlsbad for $10 million, according to commercial brokerage company Marcus & Millichap Inc.

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Ocean Beach Apartments Sell for $7.5 Million

An entity recorded as VKS 4th Avenue LLC, with Bob Smith as managing member, recently acquired the 22-unit Playa Apartments in Ocean Beach for $7.5 million, according to brokerage company ACRE Investment Real Estate Services.

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Vista Office Property Sells for $2.8 Million

An affiliate of San Diego-based Banyan Road Capital has purchased a Vista office and industrial building for $2.8 million, according to brokerage company Lee & Associates.

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Manchester Buys 49 Percent Stake in Former Sempra Building

Manchester Financial Group, led by longtime local developer Douglas Manchester, has acquired a 49 percent stake in the downtown San Diego building that formerly housed Sempra Energy’s headquarters for $20 million, the company announced.