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La Jolla-based Pico Holdings Inc. recently reported net income of $8.2 million for its third quarter of fiscal 2013, up from a $5.3 million loss posted in the same quarter of 2012.
The California Coastal Commission is reviewing plans by University of California, San Diego for a new scenic walkway and vista point on the Scripps Institution of Oceanography campus in La Jolla.
Real Estate Column
San Diego County and the nation are in the midst of steady post-recession recovery when it comes to new construction projects, by most indicators; however, many contractors are not yet in a mood to celebrate.
PROPERTY: Housing Market Changes Give Investors Incentive to Rent
Business partners Imran Clark and Darrell Kucan were among the risk-takers in the wake of the housing market collapse, buying houses mainly through short sales — in which banks approved offers below the amount owed on their loans — and often flipping houses in a few days.
The three finalists in San Diego Venture Group’s annual PitchFest have been selected from a list of more than 90 contestants: student housing search service OnMyBlock, “focused ultrasound” medical device startup Sonrgy Inc. and trust fund service provider TrustEgg.
San Diego-based Trigild has closed a $50.8 million sale of a Rancho Cucamonga office building for which it had been appointed receiver.
Carlsbad-based West Living, which owns and operates hospitality-based senior living communities, plans to develop a new assisted living and memory care community in Corona.
A local environmental group has filed a lawsuit challenging the California Coastal Commission’s October approval of plans for a $520 million expansion of San Diego Convention Center.
Providence Perris Apartments LLC of Encinitas has acquired the 122-unit Royal Oaks, a senior apartment community in San Marcos, for approximately $18.8 million.
San Diego County’s contracts awarded for future construction declined 1 percent from a year ago in the first 10 months of 2013, according to new data from McGraw Hill Construction.
Property: Long-Range Plan to Add 2,850 Hotel Rooms
Work has begun on a Chula Vista street extension deemed a key first step toward long-envisioned commercial development of the city’s waterfront, where up to $2 billion in new residential and commercial projects are anticipated over the next 20 years.
PROPERTY: Active Industry Builds Momentum for Project
BioMed Realty Trust Inc. is betting that rising financial interest in the life-sciences sector — in the form of increased venture funding, public stock offerings and high-profile acquisitions — will translate into tenants seeking to occupy its new campus planned for University Towne Center.
GC Properties of San Diego has purchased two El Cajon apartment communities for a total of approximately $5.2 million, according to CoStar Group and public data.
Drawbridge Realty Trust of San Francisco has purchased a Rancho Bernardo office building that houses Broadcom Corp., for $36.5 million, according to CoStar Group and public data.
Locally based craft beer brewer Ballast Point has signed a 15-year, $16 million lease deal to occupy a 106,584-square-foot industrial facility in San Diego’s Miramar submarket.