San Diego Business Journal

SD REAL ESTATE

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

RV Park Plan Driven Away By Port Delays

PROPERTY: Car Shipping Biz Proposes Rail Line at Site

The developer of a proposed RV park next to the National City Marine Terminal notified the Port of San Diego it is no longer interested in pursuing the project.

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Course Correction

PROPERTY: Golf Facilities Face Strain Of Competition, Costs

The fate of the defunct Escondido Country Club is in the hands of that city’s voters, after supporters led by a local developer gathered enough signatures to challenge a recent City Council decision — declaring the entire 110-acre site as nondevelopment open space — on the November ballot.

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Otay Mesa Industrial Property Sold for $8.1 Million

A San Diego entity recorded as Niceride1 LLC has purchased an Otay Mesa industrial property for approximately $8.1 million, according to CoStar Group and public data.

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San Diego Office Buildings Part of $214.4 Million Portfolio Deal

Four San Diego office buildings are part of a seven-state, 37-property commercial portfolio acquired by an affiliate of Dallas-based Lone Star Funds for $214.4 million, according to CoStar Group and public data.

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Kleinfelder Acquires Canadian Engineering Firm

San Diego-based Kleinfelder Inc., which provides construction engineering and architectural services, has acquired the privately held Hood Engineering & Technical Services of Edmonton, Alberta.

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Carlsbad Office Building Sold for $26.2 Million

A San Francisco-based affiliate of New York Life Investment Management LLC has purchased the Centerpoint Plaza office building in Carlsbad for approximately $26.2 million, according to CoStar Group and public data.

County Median Price for House in June is $525,000

The median price for single family houses sold in San Diego last month rose 5 percent from May to $525,000, while the median price for condos sold here last month was unchanged at $334,500, according to the Greater San Diego Association of Realtors.

Eco Building Products to Establish Joint Venture With Canadian Co.

Eco Building Products Inc., a Vista maker of treated wood products that protect against fire and mold, said it entered into a letter of intent to establish a joint venture with Steelhead Structures, based in Canada.

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HCP Buys Torrey Pines Life Science Property for $43.7M

Property was 93 percent occupied when it was sold.

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Conatus Pharmaceuticals Moving Headquarters

Move comes after one year of being a public company.

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Westcore Sells 9 Industrial Buildings for $88.5 Million

San Diego-based Westcore Properties has sold a nine-building industrial portfolio, which includes five in San Diego, for $88.5 million. The buyer was Rexford Industrial Realty Inc. of Los Angeles, according to statements from the buyer and seller.

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Realty Income Corp. Buys El Cajon Retail Center for $20.1 Million

Escondido-based Realty Income Corp. has purchased a two-building community shopping center in El Cajon for approximately $20.1 million, according to CoStar Group and public data.

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Renovation Brings Starbucks to Fenton Development in National City

A new drive-through Starbucks Coffee location is set to open in September at Southport Commercial Center in National City, as part of a renovation being completed by the property’s owner, H.G. Fenton Co.

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Home of the Month: Beachfront Beauty

Shore Drive is one block west of Carlsbad Boulevard in a quiet neighborhood with no public beach access.

Retail Developer Heads for the Border to Go Upscale, Duty-Free

Some nationwide retail developers have apparently decided that there’s room at the U.S.-Mexico border for more than just bargain-hunters at San Ysidro outlet malls.