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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Bank Building in Carlsbad Sold for $8.82 Million

An affiliate of Irvine-based Sperry Commercial has acquired a Carlsbad office building housing Bank of America for approximately $8.82 million, according to CoStar Group and public data.

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Developer Secures Financing for North Park Apartment Project

San Diego-based Wright Real Estate Management and Development has secured financing for a planned $11 million apartment project in North Park.

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Lilac Hills Development Project Qualifies for November Ballot

The San Diego County Registrar of Voters has certified that project supporters gathered sufficient signatures to place the controversial Lilac Hills Ranch development before county voters on the Nov. 8 ballot.

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Poway Industrial Building Sells for $10.5 Million

A local franchisee of California Closets has purchased a Poway industrial building for approximately $10.5 million, according to CoStar Group and public data.

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JLL Taps Debra Bonebrake to Head U.S. Industrial Property Management

Commercial real estate services provider JLL has hired Debra Bonebrake as a managing director in San Diego, heading the company’s U.S. industrial property management division.

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Escondido Contractor Awarded $26.4M CHP Project in Kearny Mesa

Escondido-based general contractor Erickson-Hall Construction Co. has been awarded a $26.4 million design-build contract to construct a San Diego replacement facility for the California Highway Patrol.

Port District Favors Protea Plan for Central Embarcadero

San Diego port district commissioners have voted 6-1 to hold exclusive talks with Protea Waterfront Development, one of six development teams that recently put forward multi-use proposals to redevelop the 70-acre Central Embarcadero waterfront site that currently includes Seaport Village.

Rouse Moving Forward with Carlsbad Mall Renovation

Rouse Properties Inc. will continue operating a portfolio of U.S. retail centers that officially changed ownership when Rouse was acquired by Brookfield Asset Management Inc. in a $2.8 billion deal. Rouse officials said a previously announced renovation of The Shoppes at Carlsbad mall remains on track.

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Rouse Sells Carlsbad Mall in $2.8 Billion Portfolio Deal

The Carlsbad shopping mall once known as Westfield Plaza Camino Real has changed owners for the second time in less than a year, after being acquired by Toronto-based Brookfield Asset Management Inc. as part of a nationwide portfolio deal valued at $2.8 billion.

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North Park Retail Center Sold for $3.7 Million

A San Diego buyer recorded as 2800 El Cajon Blvd. has acquired a North Park retail center for $3.7 million, according to brokerage firm SVN Asset Advisory Group.

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Vista Retail Center Sells for $4.9 Million

Los Angeles-based Viktor Real Estate Investment LLC has acquired a Vista retail center for $4.9 million, according to The Mansour Group at brokerage firm Marcus & Millichap.

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Bosa Buys National City Office Building for $42.7 Million

Vancouver, B.C.-based Bosa Development, which has regional operations in San Diego, has acquired a National City office building for approximately $42.7 million, according to CoStar Group and public data.

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Local Firm Plans New Industrial Facility after $8.86M Carlsbad Land Buy

RAF Pacifica Group has acquired 13.2 acres of land in Carlsbad for $8.86 million, with plans to build a new 168,000-square-foot industrial facility, the Encinitas-based company announced.

Sorrento Office Owner Completes $2.5M in Upgrades, Adds 3 Tenants

San Diego-based property owner Parallel Capital Partners Inc. has completed $2.5 million in improvements at The Elements at Wateridge, the company’s three-building office complex in Sorrento Mesa.

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SDSU Names New Director of Corky McMillin Center for Real Estate

San Diego State University’s College of Business Administration has named Elaine Worzala as the new director of the Corky McMillin Center for Real Estate.