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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Architects Named for $250 Million Downtown Project

Zephyr Partners recently named the lead building design and landscape architects for The Block, a $250 million downtown mixed-use project announced last year by the San Diego-based developer.

HomeFed Closes $125 Million Private Placement

Carlsbad-based HomeFed Corp., real estate investment and development firm, announced that it has successfully closed a private placement of $125 million of 6.50 percent senior notes due 2018.

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Office Tower at Aventine Sells for $150 Million

An affiliate of Boston-based Rockpoint Group LLC has purchased the Aventine office building in La Jolla for approximately $150 million, according to CoStar Group and public data.

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Vintage Sign Removed for Renovation of Hotel Churchill

Workers recently removed a 1940s-era neon sign from atop the historic Hotel Churchill in downtown San Diego, which is being converted into affordable apartments in a $20.5 million renovation by the San Diego Housing Commission.

Home Prices Rose 4.5 Percent Year Over Year in April

San Diego’s home prices rose 4.5 percent in the year since April 2014, according to a national index measuring housing prices, slowing down from the 4.8 percent growth reported for March and continuing to lag behind an average of the nation’s 20 largest cities.

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KB Home Buys El Cajon Land for $6.43 Million

Housing developer KB Home of Los Angeles has acquired a 5.47-acre land parcel in El Cajon for $6.43 million, according to commercial brokerage company Colliers International.

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Three Local Construction Management Firms Make ENR’s Top 100

Three San Diego-based companies made the latest annual list of the nation’s 100 largest construction management firms based on 2014 revenue, published recently by the industry magazine Engineering News-Record (ENR).

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Carlsbad Office Property Sold for $23.9 Million

Brookwood Financial Partners of Beverly, Mass., has purchased the Carlsbad Executive Plaza office property for $23.9 million, according to brokerage company DTZ.

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BioMed Developing New UK Facilities for Illumina

San Diego-based BioMed Realty Trust Inc. plans to develop a 155,000-square-foot building in Cambridge, England, that will eventually house the European headquarters of genomic research and development firm Illumina Inc.

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Nine Local Retail Properties Sold for $183.25 Million

New York-based Angelo Gordon Real Estate Co. and Citivest Commercial Investments LLC of Newport Beach have purchased a portfolio of nine San Diego County retail properties for $183.25 million, according to Flocke & Avoyer Commercial Real Estate.

Zephyr Partners Picks Some Perfect Places To Make Its Mark

Zephyr Partners is a San Diego-based real estate development and investment firm that was founded in 2008.

Planned Escondido Project Could Boost Employment Opportunity

PROPERTY: Hotels, Assisted Living Facility Still Need Approval

A Hacienda Heights developer has submitted plans for a project off Interstate 15 in Escondido, which officials say could help boost the city’s stock of hotel rooms while setting the stage for more job-creating businesses in the southern area of the city.

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Neighborhood Watch Shows Hillcrest Is Hot

PROPERTY: Pernicano’s Site, Other Spots Draw Bidders

Plans could be progressing next year on a mixed-use development that replaces the long-shuttered Pernicano’s restaurant building in Hillcrest — one indicator among several, observers said, of rising demand for commercial property in the popular San Diego neighborhood.

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Mira Mesa Office, Industrial Buildings Sell for $23.5M

An affiliate of Cypress Office Properties of San Diego has purchased a four-building office and industrial portfolio in Mira Mesa for $23.5 million, according to CoStar Group and public data.

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Sunroad Begins Fourth Phase of Kearny Mesa Luxury Apartments

San Diego developer Sunroad Enterprises has begun construction on the fourth phase of Ariva, with 302 new apartments planned at its luxury development in Kearny Mesa.