San Diego Business Journal

SD REAL ESTATE

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

El Cerrito Tagged as Nation's Most Popular Neighborhood

The most popular neighborhood in the nation is El Cerrito in East San Diego, says Redfin, the Seattle-based real estate brokerage.

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Three Local Properties Part of $482 Million Apartment Portfolio Deal

Three San Diego County properties are part of a 14-property apartment portfolio acquired by Los Angeles-based TruAmerica Multifamily for approximately $482 million.

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Oceanside Industrial Park Acquired for $7.5 Million

Investment firm SR Commercial of Solana Beach has purchased the five-building Oceanside Commerce Center industrial park in Oceanside for $7.5 million.

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Hillcrest Apartment Property Sells for $10.6 Million

A buyer recorded as 25316 Malibu Road LLC has purchased the 54-unit Georgia Regency Apartments in San Diego’s Hillcrest neighborhood for approximately $10.6 million, according to ACRE Investment Real Estate Services, which represented the buyer.

San Diego Firm Buys Retail Property Near Atlanta for $6.4 Million

PREF Glenridge LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has purchased the retail portion of the mixed-use Glenridge Springs residential development near Atlanta for $6.4 million.

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Kearny Mesa Office Property Sells for $43.5 Million

T-C Copley LLC, an affiliate of New York-based pension fund TIAA-CREF, has purchased the Copley Corporate Center office property in Kearny Mesa for $43.5 million, according to CoStar Group and public data.

A Visit to La Costa Can Turn Into a Lifetime of Luxury Living

One of the sweetest spots to have lunch in San Diego County is at Bistro 65 at the Omni La Costa Resort & Spa.

New Players Shaping Commercial Real Estate

PROPERTY: DTZ, Cassidy Turley Merge Complementary Skill Sets

Pushed by national and global forces, San Diego’s maturing commercial real estate brokerage industry continues to evolve, with the DTZ brand making its first appearance in the local market following that company’s recent merger with Cassidy Turley.

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La Jolla Retail Buildings Sold for $26.5 Million

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

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MG Properties Buys Temecula Apartments for $38.8 Million

MG Properties Group of San Diego has acquired the 220-unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor.

Canter Cos. Launches Wealth Management Division

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

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Old Town Building Housing Charter School Sells for $4.85 Million

CRI Old Town LP has purchased a San Diego office building occupied by Old Town Academy Charter School for $4.85 million, according to brokerage company Colliers International, which represented the seller.

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LaSalle Joins IDEA1 Development Venture in East Village

Chicago-based LaSalle Investment Management has joined the development venture working on the previously announced, $90 million IDEA1 mixed-use development in downtown San Diego’s East Village.

Median Home Price Increases to $440,000 in December

San Diego’s median price for a house increased by $10,000 from November to December to $440,000. That was 4.8 percent above the median price in December 2013, according to CoreLogic Dataquick.

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Renovation to Follow $6.5 Million Purchase of Carmel Mountain Ranch Property

Chicago-based investment firm Singerman Real Estate LLC has teamed with Hill Properties of La Jolla to acquire a Carmel Mountain Ranch office and industrial property for $6.5 million.