SD REAL ESTATE

Depot Buyer Seeks Retail Usage

San Diego’s historic Sante Fe Depot has been sold, but details on who bought it and how much they paid for it haven’t been disclosed. The depot, at 1050 Kettner Blvd. in downtown San Diego, was sold by Prologis Inc., a San Franciso real estate investment trust in a deal handled by Voit Real Estate Services.

Westfield UTC’s $600M Overhaul Nears Completion

Construction workers were still keeping busy with landscaping and signage, as the Westfield UTC mall entered the final home stretch on a $600 million renovation and expansion.

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$10M Apartment Complex Being Developed in Lake Murray Neighborhood

A $10 million apartment complex in La Mesa’s Lake Murray neighborhood is being developed by SENTRE, a San-Diego-based commercial real estate investment firm.

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San Diego-Based eSUB Partnering With Software Co. Autodesk

San Diego-based eSUB Construction Software, a software-as-a-service company that provides subcontractors with project management and labor tracking programs, has partnered with San Rafael-based software company Autodesk Inc. to expand its offerings.

Chula Vista Courts Amazon With $400 Million Worth of Incentives

Chula Vista is holding out $400 million worth of incentives to become Amazon’s second headquarters city.

Golden Hill Apartment Complex Sells for $2.07 Million

A Golden Hill apartment complex has sold for $2.07 million in an all-cash deal.

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Escondido Apartment Complex Sells for $2.62 Million

An Escondido apartment complex at 333 N. Jupiter St. has been sold for $2.625 million.

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Marriott Residence Inn Chula Vista Is First Hotel to Open in Otay Ranch

The Marriott Residence Inn Chula Vista, built by Baldwin & Sons in Otay Ranch, opened to the public Oct. 13 with a formal grand opening slated for Oct. 19.

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El Cajon Apartment Complex Sold for $2.7 Million

A 16-unit El Cajon apartment complex at 633 E. Park Ave. has sold for a price of $2.7 million..

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Two Mira Mesa Hotels Sell for $25.17M

An affiliate of San Diego-based Excel Hotel Group has purchased two neighboring hotels in Mira Mesa for $25.17 million, according to CoStar Group and public data.

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Westfield UTC’s $600M Overhaul Nears Completion

Construction workers were still keeping busy with landscaping and signage, as the Westfield UTC mall entered the final home stretch on a $600 million renovation and expansion.

Lease Deals Bring New Incoming Tenants

San Diego’s Murphy Development recently announced three more big lease signings at its industrial and office property known as The Campus at San Diego Business Park in Otay Mesa. The U.S. government’s General Services Administration signed a 10-year lease for 40,872 square feet of office space at the 2055 Sanyo Ave. building, where fiber-optic technology provider kSARIA Corp. recently leased 59,267 square feet of office and warehouse space for three years.

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Filling Minds, Grocery Bags, and Plates

San Diego-based America’s Finest Charter School recently acquired a 12,726-square-foot former Universal Church building at 4481 Estrella Ave. for $1.8 million, with plans to convert it into a charter high school expected to take occupancy in the first quarter of 2018. The buyer of the property, which had been vacant for about a year, was represented by Peter Wright of QFC Real Estate, and the seller was represented by Thomas Riley of Mission Realty Co.

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Will Aztec Victories Affect Mission Valley Development?

Could the San Diego State University Aztecs’ surprisingly strong start this football season — undefeated at 6-0 as of mid-October — translate into ballot box success for backers of an SDSU-centric plan to redevelop the current Mission Valley stadium site?

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Center Talks Aim For June Ballot Spot

POLITICS: Hotel Tax Hike Also to Address Homelessness

Informal talks are continuing among multiple organizations, aimed at reviving a proposed hotel tax-hike ballot measure to fund an expansion of the San Diego Convention Center. But this time the goals reportedly include getting it to voters sooner – possibly in June 2018 – and with more of the proceeds earmarked toward the city’s growing homelessness problem.

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