San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

City Council Approves Plan for Additional Tower at Sharp Chula Vista Medical Center

Sharp HealthCare has won local approval of its plans for a new, seven-floor hospital tower at its existing medical center in Chula Vista.

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National City Apartments Sold for $3.2 Million

San Diego County Ventures LLC of Huntington Beach has acquired a 20-unit apartment property in National City for $3.2 million, according to brokerage firm SVN Asset Advisory Group.

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Apartment Property Sells for $4.6 Million

Waltz Family Trust of San Diego has purchased a 31-unit apartment property in San Ysidro for $4.6 million, according to brokerage firm Marcus & Millichap.

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Golf Shaft Maker Aldila Leases Industrial Space in Carlsbad

Poway-based Aldila Inc., which makes and markets graphite golf shafts, plans to occupy more than 25,000 square feet in Carlsbad after signing a $2.3 million industrial lease, according to brokerage firm Lee & Associates.

40th Annual Orchids and Onions Awards Set for Oct. 13

More than 160 entries have been submitted for the San Diego Architectural Foundation’s 40th annual Orchids & Onions awards ceremony, which highlights the region’s best and worst architecture.

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Affirmed Housing’s $44M Mixed-use Project Moves Forward

The San Diego City Council recently voted to move forward with negotiations on Affirmed Housing’s proposed $44 million mixed-use residential and retail development, planned for the city’s Encanto neighborhood.

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Grocery Outlet Plans New Store in San Diego

Discount supermarket chain Grocery Outlet has leased 20,150 square feet at the Metro Center retail property in San Diego’s College Area, CoStar Group reported.

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Realty Income Announces $600M Senior Note Offering

Realty Income Corp. has commenced a $600 million offering of senior unsecured notes, expected to close on Oct. 12, the San Diego-based company announced.

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San Diego’s Strata Equity Group Partners on $720M Apartment Deal

San Diego-based Strata Equity Group Inc., in partnership with a private Mexican investor group, has acquired a four-state, 24-property apartment portfolio for approximately $720 million.

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Mayor Cites Protections, Backs Measure C

POLITICS: Chargers Agree to 8 Conditions, Including Cap on Costs

Mayor Kevin Faulconer has endorsed Measure C, the San Diego Chargers’ November ballot proposition to finance a $1.8 billion downtown stadium with convention facilities, after the team agreed to eight conditions including a cap on project costs.

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Poway Is Home Run for Raising Family in a Luxurious Setting

WalletHub, a financial services company owned by Washington, D.C.-based Evolution Finance Inc., just released the results of a 2016 research project to determine the best places to raise a family in California. Of the 240 California cities surveyed, Poway came in at No. 17, the highest in San Diego County.

Parties Stake Out Their Ground in Chargers’ Measure C Debate

During a recent debate forum at Liberty Station regarding the San Diego Chargers’ proposed downtown “convadium,” moderator Lynn Reaser of Point Loma Nazarene University commended both sides for avoiding the combative tone of the first U.S. presidential debate held two days earlier.

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East County Considering Options for Gillespie Field Area

ECONOMY: Financing District on the Table as Aerotropolis Is Delayed

With federal funding stalled, East County officials are seeking alternatives for turning the area near the county-run Gillespie Field airport in El Cajon into a job-generating commercial hub with corporate and aviation-serving commercial amenities.

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San Diego Firm Buys Wildomar Apartments for $78.5 Million

San Diego-headquartered R&V Management Corp. has purchased a 312-unit apartment property in Wildomar for $78.5 million, according to brokerage firm Berkadia.

Pathfinder Partners Buys 2 Arizona Multifamily Properties for $34.1M

Pathfinder Partners LLC of San Diego has purchased two Arizona apartment properties totaling 300 units for a total of $34.1 million, the company announced.