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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Oceanside Jiffy Lube Sold for $2.95 Million

Cali Oceanside LLC has purchased an Oceanside property housing a Jiffy Lube Plus auto care facility for approximately $2.95 million, according to brokerage company CBRE Group Inc., which represented the seller.

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Kearny Mesa Office Building Sells for $3 Million

The operator of locally based Lars Remodeling & Design has purchased a Kearny Mesa office building for approximately $3 million, with plans to occupy the first floor as its new headquarters, according to Colliers International, which represented the seller.

Housing Sales Down Nearly 22 Percent in November

Sales of single-family houses in San Diego County fell nearly 22 percent in November from the prior month, and were down about 14 percent year over year, according to the Greater San Diego Association of Realtors.

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Stath Karras Tapped to Lead USD’s Burnham-Moores Center

University of San Diego’s School of Business Administration has named Stath Karras as the new executive director of the school’s Burnham-Moores Center for Real Estate, effective Jan. 19.

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Rancho Bernardo Office Complex Sells for $22 Million

Menlo Equities Associates LLC of Palo Alto has purchased the 10-building One Technology Place office complex in Rancho Bernardo for $22 million, according to the seller, Parallel Capital Partners of San Diego.

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Home of the month: Cardiff Backcountry Grand Estate

This exceptional property high on a bluff in eastern Cardiff-by-the-Sea provides all the sprawling grandeur of a luxury estate with the comfortable beach vibe of Cardiff.

Apartment Buildings Fetching Notable Deals

Downtown San Diego has recently seen its share of apartment property deals and new projects with dollar values in the tens and hundreds of millions.

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Carlsbad Office Building Sells for $13 Million

Peregrine Realty Partners Inc. of Newport Beach has purchased the Pacific View Plaza office building in Carlsbad for $13 million, according to brokerage company CBRE Group Inc., which represented the seller.

San Diego Ranks 5th in Nation for Million-Dollar Home Sales

San Diego ranked fifth in the nation for the number of sales of million-dollar houses in the third quarter, according to a recent report from Redfin.

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Vista Industrial Building Sold for $7.45 Million

PacVentures Inc. of San Diego has purchased a multi-tenant industrial building in Vista for $7.45 million, according to brokerage company Colliers International, which represented the buyer and seller.

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County Construction Contracts Up 20 Percent Through October

The value of San Diego County’s contracts for future construction rose 20 percent from a year ago in the first 10 months of 2014, topping $3.4 billion, according to the latest data from McGraw Hill Construction.

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Web Security Firm Buys UTC Office Building for $8.15 million

Web security solutions provider iboss Inc. has acquired a University Towne Center office building for approximately $8.15 million, according to CoStar Group and public data.

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Mission Valley Office Building Sells for $11.1 Million

Shopoff Realty Investments LP of Irvine has purchased a Mission Valley office building for approximately $11.1 million, according to CoStar Group and public data.

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Miramar Industrial Building Sells for $5.6 Million

Torrey Hills LLC of San Diego has purchased a Miramar industrial building for approximately $5.6 million, according to CoStar Group and public data.

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Quidel Corp. Relocates Headquarters to Del Mar Heights

San Diego-based Quidel Corp., a provider of diagnostic healthcare technologies, has relocated to newly completed corporate headquarters at One Del Mar, in the city’s Del Mar Heights neighborhood.