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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Neustar Moving to New Irvine Company Tower at UTC

Information services technology provider Neustar Inc. has signed a lease to occupy approximately 23,000 square feet at One La Jolla Center, Irvine Company’s recently completed office tower at University Towne Center.

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Local Firm Buys Carlsbad Industrial Building for $8.75 Million

Investment firm SR Commercial of Solana Beach has purchased a Carlsbad industrial building for $8.75 million, according to brokerage company DTZ.

Sales of Townhomes, Condos Jump 20 Percent in June

Sales of San Diego condos and townhomes jumped 20 percent in June compared to the year before, with nearly 1,200 sales recorded at a median price of $354,000, according to the Greater San Diego Association of Realtors.

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Verizon Takes Large Space at Sorrento Mesa Office Campus

Telecommunications giant Verizon Communications Inc. has leased 110,000 square feet of space at the recently renovated Enclave Sorrento office campus in Sorrento Mesa, according to brokerage company JLL.

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Carlsbad Supporters Deliver 20,000 Signatures for Agua Hedionda Development

Proponents of a planned open-space preserve and commercial development near Agua Hedionda Lagoon in Carlsbad have delivered more than 20,000 signatures to the city clerk, in an effort to place a development-related ballot measure before voters in an upcoming election.

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Hughes Marino Joins New Global Tenant-Focused Real Estate Group

Commercial real estate services provider Hughes Marino Inc. of San Diego has joined Exis, a global business organization focused exclusively on tenant representation.

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Newly Opened Gaslamp Quarter Hotel Gets New Owner

Columbia Properties Inc. of Seattle has acquired the recently completed and opened Hotel Z, a new 96-room boutique hotel in downtown San Diego’s Gaslamp Quarter.

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Five-Building Carlsbad Office Portfolio Sells for $48.85 Million

An affiliate of Beverly, Mass.-based Brookwood Financial Partners LLC has purchased a five-building Carlsbad office portfolio for $48.85 million, according to CoStar Group and public data.

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Ground Lease on Vista Restaurant Property Sold for $4.65 Million

A San Diego buyer recorded as Byron F. White 2001 Revocable Trust has acquired the ground lease on a Vista property housing a Jack in the Box and a Taco Bell restaurant for $4.65 million, according to brokerage company Marcus & Millichap Inc.

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Carlsbad Office Portfolio Sold for $13.5 Million

An affiliate of San Francisco-based Graymark Capital has acquired a five-building office portfolio in Carlsbad for approximately $13.5 million, according to CoStar Group and public data.

It’s Not Just the Tides That Shape the Pacific Beach Experience

Pacific Beach is one of many communities in the county that benefited from the railroad link between San Diego and the East Coast in 1885. Soon to follow were hordes of visitors and would-be buyers of real estate in the area. And buy they did, so much so that a San Diego Union newspaper report during this time cautioned buyers to beware of the inflated prices of the bayside lots “going for $25 and $100.”

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MAINTAINING AN EDGE

Property: Being Competitive is a Must in Building Maintenance

The phenomenon of two women owning and running a building maintenance business may have gotten attention in San Diego’s business circles in the days when Ronald Reagan was president.

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Realty Income Closes on New $2.25 Billion Credit Facility

San Diego-based Realty Income Corp. has closed on a new $2.25 billion unsecured credit facility, to replace a previous $1.5 billion unsecured credit facility.

Hotel Deals Are Going Strong as Sector Continues to Prosper

A strong hospitality climate is keeping hotel properties high on the list of big San Diego County deals so far in 2015.

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Quarry Sites Eyed By Developers for Mixed-Use Projects

PROPERTY: Proposal In Mira Mesa Is for a 293-Acre Development

The process is relatively slow due to necessary environmental reviews, but former quarry properties — used for decades to mine materials for the region’s past construction projects — are gradually shaping up as potential sites for future new neighborhoods and mixed-use developments.