SD REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
The value of San Diego County’s construction starts rose 28 percent from a year ago in the first eight months of 2016, topping $2.86 billion, according to the latest monthly figures from Dodge Data & Analytics.
Following an agreement struck earlier this year by two San Diego-area Realtor trade groups to share resources, the CEO of the smaller of the two organizations has been tapped to head up both starting Oct. 1.
Sprouts Farmers Market has leased 32,688 square feet in San Diego’s Clairemont neighborhood, with plans to open a new store in fall 2017, CoStar Group reported.
Despite a shortage of homes for sale and mounting affordability concerns, California’s housing market will rebound slightly from 2016’s dip in sales activity to post a nominal increase in volume next year, the California Association of Realtors predicted in a report issued Sept. 29.
Designed by acclaimed San Diego-based master architect Jonathan Segal, this stunning oceanfront home sits atop a 20-foot-high bluff in Bird Rock. Built 13 feet deep into the ground, the four-story home is constructed of solid steel and walnut — ultra-modern, yet warm and light-filled. The four-story home’s floor-to-ceiling windows and multiple decks draw the dweller toward dramatic views of the Pacific Ocean. Four years in the making, the home is life in a one-of-a-kind modern sculpture.
DEVELOPMENT: R&D Campus, Mixed-Use Sites Still Need Some Approvals
Developers in the coming year could be putting long-dormant commercial projects into motion in San Diego’s Scripps Ranch neighborhood, as property owners respond to rising demand for office, industrial and retail amenities along the busy Interstate 15 corridor.
PROPERTY: Various Projects Add to Momentum for Change
With no major fanfare or grand-opening hoopla, home furnishings retailer Restoration Hardware Outlet opened for business in mid-September at the Grossmont Center mall in La Mesa, filling a 55,000-square-foot space vacated by the bankrupt sporting goods chain Sports Authority.
POLITICS: Some See Lack of Oversight, City Ceding Control
After more than a year of discussions, San Diego officials are nearing agreement on standards expected to boost oversight and raise standards for the approval of projects currently overseen by Civic San Diego, the nonprofit that has the final say on many development projects downtown and elsewhere in the city.
The federal government is scrutinizing the proposed purchase of Hotel del Coronado by Chinese insurer Anbang Insurance Group Co., due to its proximity to a large U.S. Navy base, Bloomberg News reported.
Encintas-headquartered RAF Pacifica Group has purchased a 15.65-acre property in San Marcos for $8 million, with plans to build a new four-building industrial campus.
A local buyer recorded as 7th Avenue A Street Inc. has acquired two downtown San Diego properties in separate transactions for a total of $13.7 million, according to CoStar Group and public data.
Chicago-headquartered Level Office, which operates membership-based office and coworking spaces, has acquired a downtown San Diego office building, with plans for significant renovations.
New York City-based WeWork announced Tuesday that it will open a 90,000-square-foot coworking facility in the heart of downtown San Diego.
The developer of the 484-unit Pinnacle on the Park, Phase 1, has obtained $135 million in refinancing for the apartment property in downtown San Diego, according to brokerage firm Kidder Mathews, which arranged the financing.
ings in life that are truly priceless — one’s health and family, certainly. But running a solid third would be the view of the San Diego skyline from First Street in Coronado.