San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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San Diego Apartment Property Sells for $156 Million

A Newport Beach buyer recorded as Trea Blvd63 LLC has acquired the 332-unit BLVD63 Apartments in San Diego’s Rolando neighborhood for $156 million, according to CoStar Group and public data.

Westcore Properties Garners $337.5 Million in New Acquisition Capital

San Diego’s Westcore Properties has obtained $337.5 million in financing from Almanac Realty Investors LLC, to fund future commercial property acquisitions.

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Miramar Retail, Office Properties Sold for $23.6 Million

Locally based 8990 Miramar Landing LP has acquired two retail and office properties in San Diego’s Miramar neighborhood for $23.6 million, according to Voit Real Estate Services.

Median Home Sale Price Rose to $576,620 in October

San Diego County’s median home sale price rose in October to $576,620, a 1.3 percent month-to-month increase that nearly mirrored the state’s average of 1.2 percent, the California Association of Realtors reported.

General Contractor Pacific National Group Opens Office in La Jolla

General contractor Pacific National Group has opened a new office in La Jolla, the company announced.

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Finding a Middle Ground For Housing Development

PROPERTY: Medium Density Infill Housing Could Be a Fit for S.D.

A conceptual plan for building townhome-style residential units near San Marcos Creek has focused attention on a medium-density approach observers say may serve as a template for relieving a housing affordability crisis many agree is hurting the region’s economy.

Report: Del Mar Heights Retail Corridor Among Priciest in Hemisphere

San Diego’s Del Mar Heights Road corridor is the 16th most expensive retail street in the Americas, according to a new global report by the commercial brokerage firm Cushman & Wakefield.

Homebuilder Buys San Diego Residential Land for $24.5 Million

Irvine-based homebuilder CalAtlantic Homes has acquired a 170-acre residential site in San Diego’s Del Sur master-planned community for $24.5 million, according to brokerage firm Colliers International Group Inc.

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Local Firm Buys National City Industrial Property for $12.2 Million

Stos Partners of Encinitas has acquired a National City industrial building for approximately $12.2 million, the company announced.

Southern California Soil & Testing Rebrands, Hires Chief Strategy Officer

Engineering firm Southern California Soil & Testing Inc. has changed its name to SCST, the company announced Tuesday.

New REIT Focused on Medical-Use Cannabis Facilities Plans $175M IPO

A new San Diego-based real estate investment company, focused on medical-use cannabis facilities and led by former BioMed Realty CEO Alan Gold, has filed for a $175 million initial public offering of its common stock.

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San Diego Firm Buys Scottsdale Office Complex for $20 Million

San Diego-headquartered Parallel Capital Partners Inc. has acquired an office complex in Scottsdale, Ariz., for $20 million, the company announced.

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North Park Apartments Sell for $2.46 Million

Plotts Real Estate LP of San Diego has acquired a 10-unit apartment complex in the city’s North Park neighborhood for $2.46 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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Irvine Firm Buys Vista Apartments for $6.2 Million

The Bascom Group LLC of Irvine has acquired a 32-unit apartment property in Vista for $6.2 million, the private equity firm announced.

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San Diego Firm Buys Historic Gaslamp Building for $7.1M

PREF Commerce, an affiliate of San Diego-based Paragon Real Estate Fund, has acquired an historic commercial building in downtown’s Gaslamp Quarter for $7.1 million, the company announced.