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The San Diego office of Kearny Real Estate Co. has acquired the three-building Mission Center Office Park in Mission Valley for $29.2 million, the company announced.
Home values in San Diego and Carlsbad continued to climb in August, rising 5.8 percent over the past year, as home prices appreciated 6.9 percent nationwide, according to a report Tuesday from CoreLogic.
Realty Income Corp. is expected to close Oct. 7 on a public offering of common stock with net proceeds of approximately $450 million, the San Diego-based company announced.
Decron Properties Corp. has acquired the 450-unit Eaves Carlsbad apartments in Carlsbad for $112 million, the Los Angeles-based company announced.
Retailer Best Buy and consumer electronics company Grace Digital have taken spaces at two newly completed buildings at Poway Corporate Center, after signing leases valued at a total of more than $5.1 million, according to locally based developer Techbilt Companies.
An entity recorded as Jim D. Petropoulos Revocable Trust has purchased a Mission Valley office building for $5.5 million, according to brokerage company Colliers International.
The city of San Diego’s La Jolla Community Planning Association recently approved plans for the proposed $65 million Conrad Prebys Performing Arts Center, being developed by the La Jolla Music Society.
An affiliate of New York-based Clarion Partners has acquired the five-building Pacific Technology Park in Sorrento Mesa for $90 million, according to CoStar Group and public data.
Community HousingWorks (CHW), a nonprofit organization based in San Diego dedicated to helping people find home stability, has spun off its home buying programs and transferred them to Springboard, a national consumer financial services nonprofit.
PROPERTY: East Village Mixed-Use Project Would Cost $1B Fully Built-Out
After moving in slow fits and starts since it was announced in 2013, developers now say that the mixed-use, multiblock Makers Quarter in East Village should see its first significant groundbreakings within the next six months.
PROPERTY: A Project and A Purchase Turn Developer’s Attention Back to City’s Center
Nearly 35 years after he built his earliest office and hospitality projects in downtown San Diego, including the region’s first high-rise waterfront hotel, Douglas Manchester’s primary development focus is now returning to that neighborhood.
Presidio Residential Capital and Cornerstone Communities broke ground Sept. 28 on a 635-unit community in northeast Carlsbad, the San Diego-based real estate investment firm and developer said.
An entity recorded as Villa Ruchello LLC of Santa Barbara has acquired Scripps Ranch Marketplace Phase II retail center in San Diego for $20.45 million, according to brokerage firm CBRE Group Inc. and public data.
San Diego-based Westcore Properties has acquired a Southern California industrial portfolio from a real estate investment arm of MetLife for $69.4 million.
San Diego’s home prices rose 5.4 percent in the year ending in July 2015, according to an index measuring housing prices, edging out the national growth rate and recording some of the strongest long-term growth in the country.