San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Los Angeles Firm Buys Spring Valley Apartments for $14 Million

New Standard Equities (NSE) of Los Angeles has purchased a 74-unit apartment property in Spring Valley for $14 million, the company announced.

Correction: Downtown Courtyard Hotel Not Being Sold

Contrary to a prior report, the 245-room Courtyard San Diego Downtown hotel is not for sale and is not under contract to be acquired by Richmond, Va.-based Apple Hospitality REIT.

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Historic East Village Commercial Property Sells for $4.35 Million

PREF, an affiliate of San Diego-based investment firm Paragon, has acquired an historic East Village retail property known as the Unicorn Building for $4.35 million, according to brokerage firm Colliers International.

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Carlsbad Firm Buys Retail Center for $12.7 Million

Carlsbad-based investment firm Capstone Advisors has purchased a three-building retail center in San Diego’s Carmel Mountain Ranch neighborhood for $12.7 million, the company announced.

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Growing Peregrine Semiconductor Corp. Adds Third Building

Peregrine Semiconductor Corp. said on Aug. 13 that it added a third building to its two-building complex in San Diego’s Miramar neighborhood.

La Jolla Farms Is a Perfect Canvas for Masterpiece Designs

There are a number of distinct areas in La Jolla, each with its own charm and appeal. Among the most storied, and encompassing some of the county’s most exclusive real estate, is La Jolla Farms.

In This Tight Market, a Retail Property Rarity Draws Buyers

Prime retail properties rarely hit the market in San Diego, and when they do, the price tags are rarely discounted. The latest example is the recent $107 million sale of the Walmart-anchored McGrath Center on Clairemont Mesa Boulevard in Kearny Mesa.

Survey Finds Commercial Development Optimism Remains Strong

Statewide demand from industries including technology, advertising, media and information services is generating continued optimism among commercial real estate professionals, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

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Four-Campus San Diego Office Portfolio Sold for $258 Million

John Hancock Life Insurance Cos. has acquired a portfolio of four San Diego office campuses for $258 million, according to public data and real estate services provider HFF Inc.

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Chula Vista Medical Office Buildings Sold for $15 Million

Orlando, Fla.-based CNL Healthcare Properties Inc. has purchased two medical office buildings in the Eastlake village of Chula Vista for $15 million, according to brokerage company JLL.

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San Diego Apartments Acquired for $3 Million

HS Partners LLC recently acquired a 20-unit apartment complex in eastern San Diego for $3 million, according to brokerage company Apartment Consultants Inc. (ACI).

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Carlsbad Office Building Sells for $28.1 Million

Denver-based Miller Global Properties LLC recently purchased the Ocean Ridge office building in Carlsbad for $28.1 million, according to CoStar Group and brokerage company CBRE Group Inc.

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Encinitas Office Property Sells for $4.75 Million

Investor Paul Meardon of San Diego has acquired an Encinitas office property for $4.75 million, according to brokerage company Marcus & Millichap Inc.

Single-Family Home Sales Increased 12 Percent in July

Sales of San Diego single-family homes rose 12 percent in July compared to the year before, with 2,250 sales recorded, according to the Greater San Diego Association of Realtors, though the figures are down from the month before.

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Port Staff Recommends 2 Finalists for Anthony’s Fish Grotto Site

Unified Port of San Diego staff have recommended that the port district enter into negotiations with two locally based finalists – Brigantine Inc. and Sunroad Enterprises -- to potentially replace Anthony’s Fish Grotto when its downtown restaurant lease expires.