San Diego Business Journal


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

If you want to know just how important it has become to build additional housing for the city and county of San Diego, all you have to do is ask employers across the region.

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Luxury Surroundings

Home of The Month -

This serene and secluded home in Rancho Santa Fe is as intriguing from the air as it is from the ground. Designed by renowned local architect Ken Ronchetti, the modern — yet comfortable, livable home — hugs an expansive indoor/outdoor living oasis. The curvilinear masterpiece is on park-like, manicured acreage studded with statuary and artistically placed plantings. Reminiscent of a tropical lagoon, the distinctive pool is in view from nearly every room, for a seamless blend of the interior world to nature.

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Hotel Boom Propels Variety of Projects

TRAVEL: Confidence High In Metrics, Tourism Economy

Developers of Pendry San Diego, a new $100 million luxury hotel set to open this November in the Gaslamp Quarter, say they’re not worried that other posh competitors have also set their sights on downtown San Diego.

U.S. Government Wants to ID Cash Buyers of High-End Homes

The U.S. Treasury Department wants to know who secretly may be buying luxury homes in San Diego.

County Construction Starts Declined 8 Percent in First Half of 2016

San Diego County’s construction starts declined 8 percent from a year ago in the first six months of 2016, with permits pulled for approximately $1.68 billion worth of residential and non-residential projects, according to the latest monthly figures from Dodge Data & Analytics.

Local REITs Report Strong Second-Quarter Results

Three San Diego-based real estate investment trusts – Realty Income Corp., American Assets Trust Inc. and Retail Opportunity Investments Corp. -- recently reported generally strong revenue and other financial results for their second quarter ending June 30.

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University Heights Retail Center Sold for $5.29 Million

A San Diego buyer recorded as Hillside Shopping Center LLC has purchased the Hillside Village Plaza retail center in University Heights for $5.29 million, according to brokerage firm Colliers International Group Inc.

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Philz Coffee, Lazy Acres Market Coming to Encinitas

Encinitas will be home to the first San Diego County location of San Francisco-based Philz Coffee, along with the first local store of the expanding Lazy Acres Market grocery chain, according to brokerage firm Retail Insite.

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Grocer Lazy Acres to Open in Former Haggen Space in Mission Hills

Lazy Acres Market, a natural and organic food store operated by the parent of Bristol Farms, has leased an 18,700-square-foot Mission Hills space formerly occupied by grocer Haggen Inc., according to brokerage firm Retail Insite.

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Marriott Hotel at UTC Gets New Owner

New York-based Carey Watermark Investors 2 Inc. (CWI 2) has purchased the 372-room San Diego Marriott La Jolla hotel in University Towne Center for an undisclosed price, the company announced.

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Irvine Investment Firm Buys Sorrento Mesa Industrial Buildings for $49M

An affiliate of Irvine-based healthcare property investment company HCP Inc. has purchased a portfolio of two Sorrento Mesa industrial properties and an adjacent land parcel for $49 million, according to CoStar Group and public data.

California Tops Nation in Number of Construction Jobs Added

California added 32,300 construction jobs between June 2015 and June 2016, the most of any state, according to an analysis of Labor Department data released by the Associated General Contractors of America.

Survey: Development Sentiment Strong Despite Growth Concerns

California commercial developers generally remain optimistic about prospects for new projects through 2019, though there are concerns about a potential slowdown in economic growth, according to the latest statewide survey from UCLA Anderson Forecast and the law firm Allen Matkins.

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Kensington Apartments Sold for $2.77 Million

A La Jolla buyer recorded as Beachfront I LP has acquired a 12-unit apartment property in San Diego’s Kensington neighborhood for approximately $2.77 million, according to brokerage firm Apartment Realty Group Inc. (ARG)

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El Cajon Retail Buildings Sell for $4.55 million

A Lemon Grove buyer recorded as El Cajon Investments Group LLC has acquired a two-building retail property in El Cajon for $4.55 million, according to CoStar Group and public data.