San Diego Business Journal


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

August Home Sales, Median Price Up From a Year Ago

The number of homes sold in San Diego County jumped 11.4 percent in August from the year before, to 3,764 houses, as home sales across Southern California continued their seven-month stretch of year-over-year growth, according to data from CoreLogic.

Local Construction Management Firms Announce Merger

San Diego-headquartered construction management consulting firm Xpera CM announced that it has merged with locally based C&S Professional Services. Financial and other terms of the deal were not disclosed.

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Union-Tribune Property Gets New Local Owner

San Diego-based investment and development firm BBL Commercial Real Estate has purchased the 13-acre Mission Valley site housing the San Diego Union-Tribune, according to CoStar Group and public data. The price was not immediately disclosed but reported by the Union-Tribune at more than $50 million.

American Assets Trust President/CEO Resigns; Ernest Rady to Assume Roles

American Assets Trust, Inc. announced that John W. Chamberlain has resigned as the company's president and chief executive officer and as a member of its Board of Directors, effective immediately, to pursue other business and personal opportunities. Ernest Rady has been named as his replacement.

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Eight More Tenants Announced for Liberty Public Market

Operators have announced eight more tenants for Liberty Public Market, a new open-air dining and gathering spot set to open in October at the mixed-use Liberty Station in Point Loma.

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Realty Income Announces Continuous Offering of Stock Shares

San Diego-based Realty Income Corp. has established an “at the market” continuous offering program of common stock, in which it will offer and sell up to 12 million shares “from time to time.”

Faulconer: Chargers Stadium Vote Still Possible Despite Deadline’s Passing

City and county officials remained hopeful that a future public vote could be held regarding a new stadium for the San Diego Chargers, after the passing of the Sept. 11 deadline for preparing a Jan. 12 special election.

Housing Sales Increase 2% Over 12 Month Period

Sales of San Diego single-family homes rose 2 percent in August compared to the year before, according to the Greater San Diego Association of Realtors, with 2,017 sales at a median price of $540,000.

Vista Can Be Your Window On a World Of SoCal Beauty

Once known as the Avocado Capital of the World, the city of Vista is just seven miles from the beach and stretches out among gentle rolling hills and enjoys cooling ocean breezes.

Retail Center’s Customer Service Went Several Extra Miles

Mobile app- enabled ride-sharing services such as Lyft and Uber are becoming ubiquitous at places including the airport and local tourist venues (see the Business Journal’s Sept. 7 story), and they could eventually become popular among shoppers tired of searching for parking at their favorite malls during peak hours.

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PROPERTY: With Factors In Its Favor, Millenia Aims For Big Change in Chula Vista

After being stalled for several years by setbacks in the real estate economy, residential and commercial projects are set to sprout at the long-awaited, 210-acre Millenia mixed-use development in Chula Vista.

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Poway Industrial Building Sold for $3.32 Million

Atomic Investments Inc. and Muirlands Investments LLC of National City have acquired a Poway industrial building for approximately $3.32 million, according to brokerage firm Pacific Coast Commercial.

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Renovation Planned after $5 Million Sorrento Mesa Office Purchase

Harbor Associates LLC of Long Beach has purchased a Sorrento Mesa office building for $5 million in an all-cash deal, with plans for an extensive renovation, the investment firm reported.

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Wilson Cos. Appoints Execs, Moves into Housing Development

San Diego-based real estate development and services firm Douglas Wilson Cos. has named Nicholas P. Wilson as its chief operating officer and Michele Vives as senior managing director, as it prepares projects in new areas including senior housing.

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San Diego Office Property Sold for $6.3 Million

J&J Properties - La Jolla LLC, a division of J&J Real Properties LLC of San Diego, has purchased the Vista La Jolla Corporate Center office property in the Rose Canyon submarket for $6.3 million, according to real estate services firm HFF.