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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Escondido Retail Center Sells for $40.1 Million

An affiliate of New York-based Brixmor Property Group has acquired the Felicita Town Center retail property in Escondido for $40.1 million, according to CoStar Group and public data.

Local Construction Starts Rose 44 Percent in 2016’s First 11 Months

San Diego County’s construction starts rose 44 percent from a year ago, topping $4.52 billion in value in the first 11 months of 2016, according to research firm Dodge Data & Analytics.

Co.: S.D. Home Prices Will Continue to Outpace Rest of State

Real estate information service CoreLogic predicted San Diego County home values will continue to outpace the rest of the state, rising an average of 10.1 percent by November 2017 as compared with November 2016 levels.

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Style, Essence of House Ingrained in Its Amazing Living Room

The Upper Hermosa is a curious horseshoe-shaped community on the southern edge of La Jolla just north of Birdrock and to the east of La Jolla Boulevard. The area features a variety of architectural styles, some dating back to the late 1920s.

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Industrial Space Is Hot Commodity as E-Commerce Heats Up

Economic Trends: Real Estate

After five years of sleepy post-recession performance, the industrial segment of San Diego County’s commercial real estate market sprang to life in a big way in 2016.

Rents to Continue Climbing in 2017, Report Finds

Apartment vacancies will continue to decline and rents will keep rising in the San Diego area in 2017, real estate research and advisory firm Berkadia predicted in a new report.

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Kearny Mesa Office Campus Sold for $37.9 Million

Klein Investments Family LP of Newport Beach has acquired a four-building office and industrial campus in Kearny Mesa for approximately $37.9 million, according to CoStar Group and public data.

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San Diego Apartment Properties Get New Owners

Two San Diego apartment properties recently changed hands, including a 58-unit complex in the city’s Lincoln Park neighborhood that sold for approximately $8.97 million.

November Home Sales Down 5.4% in County

Pending homes sales in San Diego County declined 5.4 percent year-over-year in November, to a seasonally adjusted 113.6, the California Association of Realtors reported.

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Carlsbad Research Campus Sells for $15.3 Million

El Segundo-based Alvarez & Marsal Capital Real Estate has purchased the three-building Research Center Plaza property in Carlsbad for $15.3 million, according to the seller, Lincoln Property Co. of Dallas.

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Santee Apartment Community Sells for $56.6 Million

San Diego-based R&V Management Corp. has purchased a 172-unit apartment community in Santee for $56.6 million, according to brokerage firm CBRE Group Inc.

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Chula Vista Apartment Property Sold for $45.5 Million

MG Properties of San Diego has acquired a 183-unit apartment property in Chula Vista for $45.5 million, according to brokerage firm Berkadia.

Spanos Meets with County, City to Discuss Chargers’ Location Issues

Mulling the team’s location options after the 2016 season, San Diego Chargers Chairman Dean Spanos recently met with Mayor Kevin Faulconer, county Supervisor Ron Roberts and San Diego State University President Elliot Hirschman.

Judge Rejects Realtor Groups' Motion to Dismiss Part of Lawsuit

A federal judge has denied a motion by two San Diego-based real estate trade associations to dismiss a portion of an antitrust lawsuit filed against them by a third local real estate group.

Construction Software Co. Raises $5 Million in Series A Round

San Diego startup eSUB Construction Software has raised $5 million in a Series A financing from Washington, D.C.-based firm Revolution Ventures, the company announced this week.