San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Excel Trust Buys Three Utah Retail Properties for $223 Million

San Diego-based Excel Trust Inc. has purchased a portfolio of three Utah retail centers for approximately $223 million, according to the parties and brokerage company involved.

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PriceSmart Acquires Land in Panama for New Warehouse Store

PriceSmart Inc., the San Diego operator of warehouse club stores in Latin America and the Caribbean, said it acquired 239,000square feet of land in Chorrera, Panama where it intends to open a new warehouse store in the summer of 2015.

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Developers Plan Pacific Highlands Apartments after $17.5 Million Land Deal

San Diego-based Wermers Properties and R&V Management Corp. have partnered to acquire 7.4 acres of land near Carmel Valley for $17.5 million, with plans to develop a new apartment community.

Local Health Care Office Space Demand Remains Uncertain

PROPERTY: Climate Could Change as Sector Settles in With Reforms

An aging population and expanded insurance coverage are raising demand for health care services, but the exact demand picture for medical offices — in terms of size, format and location — still hasn’t come fully into focus in San Diego County.

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Wave of Development Hitting The Village

PROPERTY: Diverse Mix Of Projects Set for La Jolla

Property by property, La Jolla’s central Village area is being remade as several older buildings get new owners who are now making plans for upcoming townhomes, stores and restaurants, a performing arts center and a luxury movie theater.

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Belching Beaver Converting Vista Bank Building into Brewpub

Vista-based craft beer maker Belching Beaver Brewery Inc. plans to convert a former bank location into a new brewpub in that city, after purchasing the building at 302 E. Broadway for $1.35 million.

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Westcore Purchases Otay Mesa Industrial Property for $6.7 Million

Westcore Properties of San Diego has purchased an Otay Mesa industrial building for $6.7 million.

Partnership Plans $26 Million Industrial Park Project in Oceanside

Developer McDonald Property Group of Newport Beach has joined in a partnership to develop a 15.8-acre, $26 million industrial project in Oceanside.

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Carlsbad Property Housing TaylorMade Headquarters Sells for $23.5 Million

Regent Properties of Los Angeles has purchased a two-building Carlsbad property that includes the headquarters building of golf equipment maker TaylorMade-adidas for approximately $23.5 million, according to brokerage company Cassidy Turley.

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Jamul Retail Center Sells for $3.8 Million

Developer Dan Floit of Del Mar has purchased Plaza La Tienda, a two-building retail property in the East County community of Jamul, for $3.8 million, according to CoStar Group and public data.

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REIT Buys Four San Diego Office Buildings for $21.8 Million

Bixby Land Co. of Irvine has purchased four San Diego office buildings, in deals totaling $21.8 million, with plans for more than $16 million in renovations.

Guild Mortgage Acquires Comstock Mortgage

Guild Mortgage, a San Diego mortgage lender that has more than 200 branch and satellite offices in 23 states, said it acquired Comstock Mortgage, an independent mortgage lender in Sacramento with 15 offices.

North Park Land Sold for $7.7 Million

TR Hale LLC has purchased a 1.5-acre parcel of land in North Park for $7.7 million, with plans to develop an upscale, mixed-use apartment project, according to brokerage company Colliers International.

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Little Italy Apartments Sold for $102.5 Million

A Dallas buyer listed as Apartments at Little Italy LLC has purchased Broadstone Little Italy, a 203-unit apartment building in downtown San Diego, for $102.5 million, according to CoStar Group and public data.

Cassidy Turley Being Acquired by DTZ Affiliate

Washington, D.C.-based commercial real estate services provider Cassidy Turley, which has a San Diego office, has entered into an agreement to be acquired by an affiliate of DTZ Investment Holdings, for an undisclosed price.