San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Apartment Complex in Oceanside Sells for $14.2 Million

An investment entity recorded as 42nd Street Apartments LLC has purchased the 88-unit Forest Glen Condominiums in Oceanside for $14.2 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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Two Rancho Bernardo Retail Buildings Sell for $4.6M

Fairbanks Trail LLC of San Diego has purchased two Rancho Bernardo retail buildings for a total of approximately $4.6 million, according to CoStar Group and public data.

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New Bike Trail Segment Connects With Oceanside Transit Center

Regional officials have completed a new 2,000-foot Oceanside segment of the Coastal Rail Trail, a bikeway that will eventually span 44 miles from Oceanside to San Diego.

Parallel Is Pursuing Office Property Bargains in Secondary Markets

Real Estate: Big-Ticket Sales Show Improving Climate

San Diego’s Parallel Capital Partners Inc. has recently picked up some trophy office properties at what it considers bargain prices by historical standards. And it’s had plenty of company in the local market so far in 2014.

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Petco Plans New Headquarters Site in Rancho Bernardo

Petco Animal Supplies Inc. plans to establish a new headquarters and support center in Rancho Bernardo, as the San Diego-based retailer consolidates operations currently located at sites in Miramar and Scripps Ranch.

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Airport Green Build Project Earns LEED Platinum Status

The newly expanded terminal and related upgrades at San Diego International Airport, completed last year in the $907 million Green Build project, have received Platinum certification in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program.

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La Jolla Retail Building Housing CVS Sells for $8 Million

Investor QWN Ltd. of Hong Kong has purchased the leasehold on a La Jolla retail building housing CVS Pharmacy for approximately $8 million, according to brokerage company Lee & Associates, which represented the seller.

Five San Diego Construction Companies to Compete for Navy Task Orders

Five San Diego County construction companies stand to collectively gain up to $99 million in contracts over five years, following a decision by the U.S. Navy’s facilities command.

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Sorrento Mesa Office Complex Sold for $9.4 Million

A Boston company has bought an office complex in Sorrento Mesa.

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San Diego Apartment Complexes Included in $2.6 Billion, National Portfolio Sale

Two San Diego County properties are part of a $2.6 billion, 51-property sale of apartment and industrial buildings.

San Diego Housing Prices Increase in March

The median price of a single-family house in San Diego rose in March.

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Alexandria Buys Sorrento Valley Industrial Building Portfolio for $12.3 Million

Alexandria Real Estate Equities Inc. of Pasadena has purchased a three-building industrial portfolio in Sorrento Valley for approximately $12.3 million, according to CoStar Group and public data.

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Home of the month: The Crescent

The “Crescent” is a home designed by world famous San Diego-based architect Wally Cunningham.

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The Leucadia Vibe Is Creative Enclave’s Connection to Its Roots

The small coastal community of Leucadia has a particular idiosyncratic vibe, and the real estate found within its original boundaries reflects a spirit of individuality and creativity different from most other California beach towns. It’s different even from the four other areas — Old Encinitas, New Encinitas, Olivenhain and Cardiff-by-the-Sea — that join it as part of the city of Encinitas.

Craft Beer Wave Is Headed for New Eatery at Belmont Park

These days a San Diego restaurant opening or menu update is hardly complete without craft beer somewhere in the mix, and local brews will soon play a big role in the ongoing renovation of the iconic Belmont Park in Mission Beach.