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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Scripps Opens New Seven-Level Medical Pavilion

Scripps Health has opened the doors to its latest multimillion-dollar facility – the John R. Anderson V Medical Pavilion – in a move to unite resources previously disconnected at the hospital system.

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Apartments Are Underway at Rancho Santa Fe Mixed-use Project

Del Mar-based Davidson Builders was recently selected as the general contractor to build 54 luxury apartments at Palma de la Reina, a $40 million mixed-use complex being developed in Rancho Santa Fe by Newport Pacific Inc.

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Blending With The Scenery

Home Of The Month - June

Above a series of natural rock ledges along an inviting sandy beach is an architectural masterpiece by Encinitas-based architect Don Edson.

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Betting On Biotech

Life Sciences’ Need for Space Spurs Developers to Pursue Spec Projects

The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords. Rather than waiting to build a project until a tenant is lined up, life science construction companies are building sprawling campuses based on speculation alone.

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Developers Plan 282-Unit Tower on California Theatre’s Space

The San Diego City Council this summer is expected to review plans for a $125 million downtown project that would replace the decrepit former home of the California Theatre with a 282-unit residential tower called Overture.

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Expansion Plans Run Into Space Limitations

PROPERTY: Retail Gathering Highlights Diverse Interests in Region

When it comes to U.S. retail expansion, discounts and caffeine rule. And there’s no longer a one-size-fits-all “box” — big or small, online or offline — when it comes to retailers and restaurant chains looking to expand at a time when good locations are tough to find, especially in places such as San Diego County.

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Pro-Growth Plans

PROPERTY: Discount Retailers and Eateries Look to Add Locations

Seven years after the official end of the Great Recession, there’s still a distinct discount-minded focus among nationwide retail and restaurant chains looking to expand their footprint in the coming year.

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Vista Industrial Park Sold for $7.5 Million

A Santa Barbara private investor recorded as La Mirada Drive LLC has acquired a three-building industrial business park in Vista for $7.5 million, according to brokerage firm Lee & Associates.

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Industrial Property in Oceanside Sells for $3.5 Million

Coastal Investment 2 LLC of Santa Barbara has purchased an Oceanside industrial building for $3.5 million, according to brokerage firm Lee & Associates.

Local Construction Starts Down 23 Percent in First 4 Months of 2016

The value of San Diego County’s construction starts declined 23 percent from the year-ago period in the first four months of 2016, totaling just over $831.8 million, according to the latest monthly figures from Dodge Data & Analytics.

BNBuilders Begins Remodel at Scripps La Jolla

BNBuilders, a general contractor with a San Diego office, announced the start of the remodel of the obstetrics unit at Scripps Memorial Hospital La Jolla May 31.

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San Marcos Industrial Building Sold for $3.5 Million

Cross Development of Carrollton, Texas, has acquired a San Marcos industrial building for approximately $3.5 million, according to brokerage firm Lee & Associates. The property will be occupied by Caliber Collision, a nationwide provider of collision repair services.

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University of California Regents Buy Torrey Pines Office Campus for $134.1 Million

The Oakland-based Regents of the University of California, which oversees the statewide public university system that includes UC San Diego, has acquired a five-building office campus at Torrey Pines for approximately $134.1 million, according to CoStar Group and public data.

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Office Project Planned After $2.9M Land Buy in Carlsbad

Burke Real Estate Group of Costa Mesa has purchased a 3.1-acre land parcel in Carlsbad for $2.9 million, with plans to develop a two-story creative office building, according to brokerage firm CBRE Group Inc.

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Irvine Co. Opens New UTC Office Building, with Another Underway

Irvine Company’s office property division has opened its new three-story Eastgate Summit at University Towne Center, and has construction underway on a nearby building called Eastgate Terrace. The projects represent a total investment of more than $50 million by the Newport Beach-based company.