SD REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...Airport Strikes Gold With New Building
GREEN: Its LEED Ranking Is Seen as a First for Such a Center
The local region continues to boost its profile as a hub for energy-efficient buildings, with San Diego International Airport registering what officials say is a global first for an airport: LEED Gold certification for its recently completed receiving and distribution center.
Skyline 20 See Signs of Better Times Downtown
PROPERTY: Unknowns Could Make or Break the Momentum
The past year saw downtown San Diego’s largest office high-rises reverse six years of flat or negative occupancy trends, as renewed investor activity and an influx of new tenants signaled noticeable recovery in the city’s central business district, according to a report by the brokerage firm Jones Lang LaSalle.
Good Press Delivered to S.D.’s Doorstep
SDBJ Insider
San Diego’s been making national headlines of late. The Los Angeles Times reports that three regional ZIP codes made the Top 10 list of Southern California counties that have enjoyed nice recoveries in the residential real estate sector since the 2008-2009 downturn.
Real Estate Roundup
Projects, developments and other activity in cities in and around San Diego County
Hughes Marino Inc. was awarded LEED status for its new building at 1450 Front St. This status was based upon the building’s proximity to a variety of public transportation hubs, as well as other basic community services such as banks, dry cleaners, parks, restaurants and schools. Additional points were awarded for renovating an existing building with a “cool roof” and installing Energy Star rated equipment and appliances in the building.
Realty Income Keeps Growing, Diversifying
PROPERTY: Firm’s Portfolio Can Weather Economic Storms
CEO Tom A. Lewis says there’s likely more robust activity ahead this year for Realty Income Corp., even after a first quarter that has already seen the company close on a $3.1 billion corporate acquisition and complete a $756 million stock offering.
Airport Distribution Center Attains LEED Gold Status
The recently completed receiving and distribution center at San Diego International Airport has received Gold certification in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program.
Kearny Mesa Office Building Sells for $14.5M
Newport Beach-based investment firm Peregrine Realty Partners has purchased the Chesapeake Park Plaza office building in Kearny Mesa for $14.5 million. The seller was CW Capital Asset Management LLC of Bethesda, Md., according to CoStar Group.
Realty Income Nets $756M from Stock Offering
Realty Income Corp. has closed on its recently announced public offering of common stock, which garnered net proceeds of approximately $756 million.
Trigild Opens Office in Baltimore-Washington, D.C. Region
San Diego-based Trigild, which provides management, receivership and consulting services related to distressed real estate properties, has opened a new office in the Baltimore-Washington D.C. area.
Private Sector Leasing Helps Blunt Sequester
PROPERTY: Effect on Smaller Defense Contractors Is Wildcard
Experts say the local commercial office market should be spared from major pain caused by forced federal budget cuts, at least in the short run, thanks largely to a diverse economy, limited new construction, and healthy office tenant demand across several sectors.
Big Moves Made in Multifamily Properties
REAL ESTATE: Chula Vista Complex Sells for $90 Million
When locally based R&V Management Corp. recently purchased the 336-unit Missions at Sunbow in Chula Vista for $90 million from Equity Residential, it marked the largest single recorded apartment transaction so far this year in San Diego County.
The Border Region’s Retail Scene Heats Up
PROPERTY: Plans Are In Works for New Outlet Center This Year
Developers, lenders and retailers have recently been following those crowds of shoppers seeking out bargains at stores along the U.S-Mexico border in the San Diego region.
Demand Drives Improvements at Life Science Properties
San Diego’s life sciences real estate market experienced a busy 2012, with a flurry of renovations, big-ticket property purchases and announcements of upcoming construction. According to a recent report by the brokerage firm Cassidy Turley San Diego, the region’s biotech and pharmaceutical hubs are likely to remain beehives of activity in 2013.
Regional Report
News and notes from communities around San Diego County
San Diego-based Karl Strauss Brewing Co. is making plans to open its eighth brewery-restaurant in Temecula. A company spokeswoman confirmed that the business is working to get permits in the Riverside County town, but declined to give more information.
Real Estate Roundup
Projects, developments and other activity in cities in and around San Diego County
Senior Resource Group, a Solana Beach-based developer of luxury senior living communities, recently won its 12th award from the National Association of Home Builders, bringing home a gold achievement honor for the “Best 50+ Continuing Care Retirement Community” for its Maravilla Scottsdale community located in Scottsdale, Ariz.
