San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

High-Rises Dominate Downtown Office Space Leasing for 2013

Real Estate: Vacancy Rate of ‘Skyline 20’ Up, But Below Downtown Overall

Downtown San Diego’s 20 largest high-rises accounted for 70 percent of all signed office lease deals in that neighborhood during the past year, according to brokerage services company JLL.

Cell Towers Are Technological ‘Tenants’ With Deep Pockets

PROPERTY: Experts Can Help in Negotiating Equitable Placement Deals

The continuing push among major wireless carriers to boost local infrastructure is bringing opportunities and challenges for commercial property owners who lease space — or may be considering leasing space — to the carriers for their towers.

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PROPERTY: Updated Blueprint for Otay Mesa Gives Developers Direction

Businesses like locally based developer Murphy Development Co. are lauding a recent move by the city of San Diego to clarify the future of what gets built in Otay Mesa after nearly 13 years of debate over the neighborhood’s future.

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Lincoln Property Co. Buys Carlsbad Industrial Building for $9.5 Million

Dallas-based Lincoln Property Co. has purchased a multi-tenant industrial building in Carlsbad for $9.5 million.

West Partners Invests in Carlsbad Tech Company

West Partners said it recently closed an investment in NoteVault Inc., a Carlsbad-based technology company. The amount of the investment was not disclosed.

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Nine Local Apartment Properties Part of $4.1 Billion Multistate Acquisition

Essex Property Trust Inc. of Palo Alto has acquired 73 apartment properties in three states, including nine in San Diego and Chula Vista, for approximately $4.1 billion, according to CoStar Group and public data.

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Parallel Capital Buys Long Beach Office Tower for $101.7 Million

San Diego-based Parallel Capital Partners Inc. has purchased Shoreline Square, a 20-story office tower in Long Beach, for $101.7 million.

Two J. Craig Venter Biotech Companies Expanding Their Footprint in La Jolla

Two companies founded by genomics pioneer J. Craig Venter are expanding their real estate footprint in La Jolla, leasing additional space from BioMed Realty Trust Inc.

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Emmes Buys Two Downtown Office Towers for $154.9 Million

New York-based Emmes Asset Management Co. LLC has purchased two downtown San Diego office towers for a total of $154.9 million, according to brokerage company JLL, which represented the seller.

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Carlsbad Firm Buys Office, Retail Properties for $16.4 Million

Investment firm Capstone Advisors of Carlsbad has purchased a La Jolla office building and a retail center in San Diego’s Morena neighborhood, for a total of $16.4 million.

LPL Celebrates New Digs, 'the Largest Net-Zero Energy' Commercial Office in U.S.

LPL Financial LLC, the independent broker-dealer that has about 2,000 employees here, celebrated the opening of its 13-floor, new office tower in the University Towne Center neighborhood April 2.

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Realty Income Stock Offering Raises $528.5 Million

Realty Income Corp. (NYSE: O) has closed on a public stock offering that raised approximately $528.5 million in net proceeds, after underwriters exercised options to purchase an additional 1.8 million shares, company officials said.

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Miramar Industrial Buildings Sold for $6.5 Million

PB Miramar Distributions LLC of Commerce has purchased a three-building industrial property in Miramar for $6.5 million, according to CoStar Group and public data.

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Downtown Office Building Sells for $5.3 million

Rossi-Kettner LLC of Long Beach has purchased a downtown office building for $5.3 million, according to CoStar Group and public data.

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Spring Valley Apartment Community Sold for $5.65 Million

Doug Wetton Properties Inc. of Newport Beach has acquired the 46-unit Kenora Terrace apartment community in Spring Valley for $5.65 million, according to real estate services provider HFF Inc., which represented the seller.