SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Former San Diego Padres President Charles E. Black has been named to lead the development team overseeing construction of Metropolitan Airpark, a $1 billion, multi-phase commercial project planned at Brown Field Municipal Airport in Otay Mesa.
Developers have started construction on IDEA1, a $90 million, mixed-use project in downtown San Diego’s East Village.
San Diego-based Bartell Hotels has purchased the 211-room San Diego Airport Hilton Hotel on Harbor Island for $37.7 million, the company announced.
Owner Pacifica Host Hotels recently completed initial phases of a $12 million renovation at the vintage La Valencia Hotel in La Jolla, with improvements covering the property’s guest rooms, front entry, lobby lounge and 10th-floor Sky Suite.
Home values in San Diego and Carlsbad grew at a slower pace than the national average, increasing 5.4 percent over the past year compared to 6.4 percent nationwide, according to a report Tuesday from CoreLogic.
Four local apartment properties recently got new owners, including a 25-unit El Cajon community purchased by Tustin-based Pan American Properties for $3.2 million.
Industrial properties recently changed hands in San Diego and Oceanside, including two Rancho Bernardo buildings purchased by Trademark Construction Co. for approximately $2.79 million.
San Diego-based developer Sunroad Enterprises recently completed more than $2 million in renovations at its office property in Carlsbad, known as Bloom Offices at 5858 Dryden Place.
San Diego County’s construction starts declined 37 percent from a year ago in the first nine months of 2015, to a value of approximately $2.2 billion, according to the latest monthly figures from Dodge Data & Analytics.
San Diego-based Murphy Development has broken ground on a planned $18.3 million industrial building in Otay Mesa, which the company said marks that neighborhood’s first speculative industrial project since 2007.
AleSmith Brewing Co. recently opened the doors in Miramar to the region’s latest temple of taps — what the company bills as San Diego County’s largest brewery tasting room, spanning 25,000 square feet.
San Diego-based Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $50.1 million in its third quarter ending Sept. 30, an increase of 22.5 percent from the year-ago period.
Realty Income Corp. saw revenue rise 9.8 percent from a year ago in its third quarter ending Sept. 30, reaching $258.9 million, the San Diego-based real estate investment trust reported.
The county Registrar of Voters has verified signatures submitted by opponents aimed at rescinding approval or forcing a public vote on controversial plans to develop lagoon-adjacent land in Carlsbad.
Rexford Industrial Realty Inc. of Los Angeles has acquired a former U.S. Postal Service annex facility in San Diego’s Midway district for $19.3 million, with plans to redevelop the property into new industrial spaces.