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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Downtown Apartment Tower’s Developer Gets $135M in Refinancing

The developer of the 484-unit Pinnacle on the Park, Phase 1, has obtained $135 million in refinancing for the apartment property in downtown San Diego, according to brokerage firm Kidder Mathews, which arranged the financing.

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Neighborhood Gets Nightly Shows Starring S.D. Skyline

ings in life that are truly priceless — one’s health and family, certainly. But running a solid third would be the view of the San Diego skyline from First Street in Coronado.

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Rancho Bernardo Industrial Building Sold for $7.4 Million

San Diego buyers recorded as McEwen-Otay LLC and MP McEwen I LLC have acquired a Rancho Bernardo industrial building for $7.4 million, according to brokerage firm Colliers International Group Inc.

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Mission Valley Retail Center Sold for $14 Million

An affiliate of Los Angeles-based Gershman Properties LLC has purchased a Mission Valley strip retail center for $14 million, according to CoStar Group and public data.

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RAR Hospitality Adds New San Marcos Hotel to Its Portfolio

Hotel management and consulting firm RAR Hospitality Inc. has assumed management duties at the new 116-room Fairfield Inn & Suites in San Marcos, which is under construction and slated for a January 2017 opening.

Local Office of BNBuilders Gets $8.48M Caltech Lab Project

The San Diego office of general contractor BNBuilders has been hired to renovate an existing biomedical laboratory at California Institute of Technology (Caltech) in Pasadena. A company statement said the guaranteed maximum price for the project is approximately $8.48 million.

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Bankers Hill Apartment Property Sells for $3.89 Million

An Irvine buyer recorded as Bankers Hill Holdings LLC has acquired a 13-unit apartment building in San Diego’s Bankers Hill neighborhood for approximately $3.89 million, according to CoStar Group and public data.

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‘Making A Scene’

PROPERTY: New Coworking Sites Add Polished Presence To the Alternative Office World

Two new coworking spaces are opening in downtown San Diego, both with massive square footage and a more polished presence that undoubtedly will fuel the city’s emerging startup economy.

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Encinitas Office Condo Sold for $2.2 Million

An affiliate of Encinitas-based Comprehensive Dermatology Group has purchased an office condominium building in Encinitas for approximately $2.2 million, according to CoStar Group and public data.

San Diego Architecture Firms AVRP, Skyport Studio Merge

San Diego architecture and design firms AVRP Studios and Skyport Studio announced that they have merged, with the combined company now called AVRP Skyport Studios.

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Wendy Wong Named Guild Mortgage's First Chief Marketing Officer

Independent mortgage lender Guild Mortgage Company said Wednesday it has hired Wendy Wong as its first chief marketing officer and senior vice president.

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San Diego Firm Buys Escondido Mobile Home Park for $9.35 Million

San Diego-based Kleege Enterprises has acquired the Canyon Crest Estates mobile home park in Escondido for $9.35 million, according to brokerage firm Colliers International Group Inc.

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Oceanside Retail Center Sells for $7 Million

A Honolulu- based joint venture, including Oceanside Sullivan LLC and Oceanside Takayama LLC, has purchased an Oceanside retail center for $7 million, according to brokerage firm Cushman & Wakefield.

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North Park Apartment Property Sold for $3.37 Million

C&C University LLC of San Diego has purchased a 16-unit North Park apartment property for $3.37 million, according to brokerage firm Marcus & Millichap.