San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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County’s Construction Starts Declined 25 Percent in 2015

San Diego County finished 2015 with construction starts valued at approximately $3.12 billion, down 25 percent from 2014, according to the latest numbers from research firm Dodge Data & Analytics.

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Developer Gets $65M in Refinancing for San Diego Retail Center

San Diego-based developer Coast Income Properties has obtained $65 million in refinancing for its Village at Pacific Highlands Ranch retail center near Carmel Valley, according to brokerage company CBRE Group Inc., which arranged the loan.

Guild Mortgage Reports Loan Volume of $13.8 Billion for 2015

Guild Mortgage Co. on Wednesday reported record loan volume of $13.8 billion for 2015, almost double the $7.4 billion from the year before and exceeding internal expectations by nearly $2 billion.

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Above It All

At one of the highest elevations in the La Costa area of Carlsbad is a contemporary Mediterranean masterpiece. The property has a front row seat to nature’s daily display with floor to ceiling panoramic ocean and lagoon views from each living space. The experience is an exhilarating and uninterrupted connection with the Pacific, lagoon and painted skies.

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Listing Service Conflict Results in Lawsuit

REAL ESTATE: Realtor Association Seeks $1.5M

San Diego’s largest Realtor association hit the county’s other two Realtor groups with a federal antitrust lawsuit last month, accusing them of improperly wielding control of the area’s multiple listing service and blocking access to some housing data.

Pure Project Debuting at H.G. Fenton’s First Brewery Incubator

Local beer microbrewer Pure Project plans a Jan. 30 opening, as the first tenant to debut at property owner H.G. Fenton Co.’s Brewery Igniter incubator facility in Miramar.

Survey: Optimism Remains Strong for Commercial Real Estate Demand

Developers remain confident that demand for California and San Diego County commercial real estate will remain strong through 2018, spurring opportunities for new construction and investment, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

Oceanside Townhomes Planned after $2.25 Million Land Buy

San Diego-based KD Development Inc. has acquired an Oceanside land parcel for $2.25 million, with plans to develop multi-level, for-sale townhomes, according to brokerage company Lee & Associates.

San Diego Added 5,800 Construction Jobs Last Year, Report Says

San Diego added 5,800 construction jobs from December 2014 to December 2015, a 9 percent change, according to a U.S. Labor Department data analysis released Jan. 26 by the Associated General Contractors of America.

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Logan Heights Apartment Property Sold for $3 Million

Ekman Family Trust of San Diego has purchased an 18-unit apartment property in the city’s Logan Heights neighborhood for approximately $3 million, according to brokerage company Apartment Consultants Inc., also known as ACI.

Home Prices Increased 6 Percent in Year Ending in November

San Diego’s home prices increased 6 percent in the year ending in November, according to an index measuring housing prices, tied with Tampa as the eighth-fastest growing market.

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Work Begins on Bikeway Village Project in Imperial Beach

Developers and city officials have broken ground on Bikeway Village, a civic and commercial project in Imperial Beach catering to users of the nearby Bayshore Bikeway. City officials have said the initial development cost will be approximately $6 million.

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Realty Income Raises Common Stock Dividend by 5 Percent

San Diego-based Realty Income Corp. recently announced that its board of directors has approved a 5 percent increase in the company’s common stock monthly cash dividend.

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Douglas Wilson Cos. Opens New Arizona Office

San Diego-headquartered Douglas Wilson Cos., a provider of real estate services, has opened a new office in the Phoenix market, adding to existing regional offices in Las Vegas, San Francisco and Washington, D.C.

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HP Investors Buys Historic Gaslamp Quarter Property for $6.8M

HP Investors LLC of San Diego has purchased an historic Gaslamp Quarter retail and office property – originally built in 1887 as the Grand Pacific Hotel -- for $6.8 million.