San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Renovation Planned after $5 Million Sorrento Mesa Office Purchase

Harbor Associates LLC of Long Beach has purchased a Sorrento Mesa office building for $5 million in an all-cash deal, with plans for an extensive renovation, the investment firm reported.

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Wilson Cos. Appoints Execs, Moves into Housing Development

San Diego-based real estate development and services firm Douglas Wilson Cos. has named Nicholas P. Wilson as its chief operating officer and Michele Vives as senior managing director, as it prepares projects in new areas including senior housing.

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San Diego Office Property Sold for $6.3 Million

J&J Properties - La Jolla LLC, a division of J&J Real Properties LLC of San Diego, has purchased the Vista La Jolla Corporate Center office property in the Rose Canyon submarket for $6.3 million, according to real estate services firm HFF.

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Hotel Del Coronado Owner Being Acquired by Blackstone for $6 Billion

Strategic Hotels & Resorts Inc., which owns 17 high-end U.S. hospitality properties including Hotel Del Coronado, has agreed to be acquired by affiliates of New York-based Blackstone Group, in a deal valued at approximately $6 billion.

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Investor’s Commercial Property Deals Total $52 Million

San Diego-based investor Dan Floit has sold five local multifamily buildings and acquired several other commercial properties, in transactions totaling $52 million, according to brokerage company CBRE Group Inc.

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Dallas Company Buys Miramar Office Park for $19.15 Million

Lincoln Property Co. has purchased the five-building Activity Business Center office park in Miramar for $19.15 million, the Dallas-based company announced.

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Less than an hour away from the day-to-day grind of city living is Los Robles Ranch in Santa Ysabel.

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La Mesa Apartment Property Sold for $5.8 Million

an Diego-based Midland Properties LLC has purchased the 33-unit Racquet Club Apartments in La Mesa for $5.8 million, according to brokerage firm ACRE Investment Real Estate Services.

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North Park Condominiums Sell for $5.61 Million

Belmont Growth LLC of San Diego has acquired the 22-unit Suncrest Condos in North Park for $5.61 million, according to brokerage company ACRE Investment Real Estate Services.

School Sites Appear to Hurt Home Values

Homes further away from schools are worth more than those nearby, according to a recent study by the University of San Diego.

‘Ballot Box Planning’ A Growing Concern

DEVELOPMENT: Carlsbad Latest to Join Initiative Fray

Carlsbad could soon be embroiled in San Diego County’s latest scuffle over “ballot box planning,” as opponents of a lagoon-adjacent retail center seek to overturn the Carlsbad City Council’s recent approval of the project.

Navy Broadway Plan Foresees a 2016 Start

PROPERTY: Agency’s OK Leaves Ball in Federal Court

Developers overhauled the North Embarcadero promenade, converted a former police station into a retail and dining center, and replaced the former Lane Field ballpark with what by next year will be new hotels.

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Cushman & Wakefield, DTZ Announce Completion of Merger

Commercial real estate service companies Cushman & Wakefield and DTZ have completed their previously announced $2 billion merger, with the combined company now known as Cushman & Wakefield and headquartered in New York City.

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San Diego Firm Buys Bay Area Apartments for $26.4 Million

The ConAm Group of San Diego has purchased the 137-unit TownCentre Commons apartment community in the Bay Area city of Brentwood for $26.4 million, the company announced.

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Development Ramping Up at Millenia in Chula Vista

Development of retail and other commercial elements is expected to accelerate next year at the 210-acre Millenia mixed-use community in Chula Vista, where apartments are currently under construction.