San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Westcore Sells 9 Industrial Buildings for $88.5 Million

San Diego-based Westcore Properties has sold a nine-building industrial portfolio, which includes five in San Diego, for $88.5 million. The buyer was Rexford Industrial Realty Inc. of Los Angeles, according to statements from the buyer and seller.

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Realty Income Corp. Buys El Cajon Retail Center for $20.1 Million

Escondido-based Realty Income Corp. has purchased a two-building community shopping center in El Cajon for approximately $20.1 million, according to CoStar Group and public data.

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Renovation Brings Starbucks to Fenton Development in National City

A new drive-through Starbucks Coffee location is set to open in September at Southport Commercial Center in National City, as part of a renovation being completed by the property’s owner, H.G. Fenton Co.

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Home of the Month: Beachfront Beauty

Shore Drive is one block west of Carlsbad Boulevard in a quiet neighborhood with no public beach access.

Retail Developer Heads for the Border to Go Upscale, Duty-Free

Some nationwide retail developers have apparently decided that there’s room at the U.S.-Mexico border for more than just bargain-hunters at San Ysidro outlet malls.

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New Restaurants, Grocer Coming to Little Italy Apartment Tower

Two new restaurants and a natural foods grocer have been signed to occupy the ground floor of Ariel Suites, a recently completed 22-story luxury apartment tower at Beech Street and Kettner Boulevard in Little Italy.

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Trek’s Electra Bicycle Division Moves Headquarters to Encinitas

Electra Bicycle Co., a division of Trek Bicycle Corp., has signed a lease for space in Encinitas where it is relocating its global headquarters, according to brokerage company Lee & Associates.

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Scripps Opens Critical Care Pavilion as Part of $94M Expansion in Encinitas

Scripps Health announced the opening of the Leichtag Foundation Critical Care Pavilion, which includes a new emergency department and inpatient rooms at Scripps Memorial Hospital Encinitas.

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Sorrento Mesa Industrial Buildings Sold for $18 Million

LGGS Sorrento LLC, a unit of Foster City-based Legacy Partners Commercial Acquisitions, has purchased a four-building industrial portfolio in Sorrento Mesa for approximately $18 million, according to CoStar Group and public data.

Real Estate Firm’s Service Targets Sellers Needing Quick Cash

Renovation Realty, a San Diego residential contractor and full-service real estate firm, said it launched a new service it calls Sell Your Home Quick aimed at homeowners who need to sell their homes quickly for cash.

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Parallel Capital Nears Completion on $12 Million in Office Renovations

San Diego-based investment firm Parallel Capital Partners is nearing completion on $12 million in renovations to its local portfolio of 26 office, laboratory and research-and-development properties.

Coldwell Banker Residential Acquires Assets of Middleton Team

Coldwell Banker Residential Brokerage Southern California said it acquired the assets of Middleton Team Inc. in La Jolla, doing business as Middleton & Associates, a boutique luxury real estate brokerage.

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Cleveland Developer Buys Land Under Downtown Apartments for $6 Million

FC Cortez Hill Associates LP of Cleveland bought The Heritage, a 230-unit apartment property in downtown San Diego’s Cortez Hill neighborhood, for $6 million.

You Can Find That Connection to the ‘Soil’ … or Sand in Carlsbad

A sense of place. If you have never felt it, you won’t understand. It’s that sense of roots, of history, of landscape and connection, yet it is impossible to describe.

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San Diego State to Start Building Mixed-Use South Campus Plaza

DEVELOPMENT: $142.7M Project Will Create More Of a Residential Campus

San Diego State University plans to begin construction in September on South Campus Plaza, a long-planned $142.7 million mixed-use project with 600 student housing units, retail offerings and a new parking structure.