San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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County Meidan Housing Price Is $517,000 for July

San Diego’s median sales price for a single family house sold in July was $517,000, down 2 percent from June, but up 7 percent from July 2013, according to the Greater San Diego Association of Realtors.

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BioMed Realty Revenue, Net Income Rise in Second Quarter

BioMed Realty Trust Inc. saw total revenue rise 7 percent from a year ago in its second quarter ending June 30, reaching $171.2 million, the San Diego-based company reported.

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Revenue Dips Slightly, Net Income Rises at American Assets

San Diego-based American Assets Trust Inc. reported second-quarter revenue and net income figures similar to those of a year ago, with revenue totaling $62.2 million for the period ending June 30.

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La Mesa Retail Center Sold for $7.1 Million

Lake Murray Center LLC of La Jolla has purchased the Village Shopping Center in La Mesa for $7.1 million, according to CoStar Group and public data.

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ROIC Reports Second-Quarter Increases in Revenue, Net Income

San Diego-based Retail Opportunity Investments Corp. reported total revenue of $36.9 million in its second quarter ending June 30, an increase of 42 percent from the year-ago period.

Land Slated for Oceanside Apartments Sold for $25 Million

Locally based Presidio Cornerstone Master LLC has purchased a 28-acre land parcel in Oceanside for $25 million, with plans to develop a 338-unit luxury apartment community.

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El Cajon Apartment Buildings Sold for $12 Million

San Diego-based Conrad Prebys Trust has purchased a four-building apartment portfolio totaling 94 units in El Cajon for $12 million, according to brokerage firm Apartment Consultants Inc., which represented the buyer.

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Escondido Retail Center Sells for $10.3 Million

MDA Mission Ave One LLC of Rancho Santa Fe has purchased a three-building retail center in Escondido for $10.3 million, according to CoStar Group and public data.

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Poway Industrial Building Sells for $6.15 Million

Atomic Investments Inc. of National City has purchased a Poway industrial building for $6.15 million, according to CoStar Group and public data.

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La Jolla Commercial Building Sells for $6.8 Million

EHOF La Jolla LLC, with developers William Berwin and Michael Pierson, have purchased a La Jolla commercial building for $6.8 million, according to brokerage company CBRE Group Inc., which represented the seller.

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North Park Apartments Sold for $5.3 Million

Florida Place LLC of San Diego has purchased the 28-unit Florida Manor Apartments in North Park for $5.3 million, according to CoStar Group and public data.

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Workspace Trends Favor Flexibility, Collaboration Over Cubicles

PROPERTY: For Office Designers, Division Is Out as Shared Spaces Take Shape

If you’re wondering what the office of tomorrow looks like, two local office designers suggest looking at the trendsetters of today.

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Space Age

Offices of the Future Are Designed to Encourage Collaboration, Boost Job Satisfaction While Reducing Overhead

By creating office environments that place a greater emphasis on collaboration and having shared workspaces, many San Diego County businesses are striving to increase their productivity.

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Home of the month: Cortez Hill Victorian Redux

This home is on the National Register of Historic Places as the John Ginty House.

Commercial Market Seen as Solid Through 2017

PROPERTY: SoCal Rental, Occupancy to Climb; Industrial Increases

Demand for commercial real estate space — including development, leasing and investing — is expected to stay on the increase in San Diego and most other California markets through 2017, spurred by factors including continued job growth.