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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Serra Mesa Apartments Sold for $8.4 Million

Patio Village Apartments LLC and SNM Realty Partners have acquired the 54-unit Patio Village Apartments, in San Diego’s Serra Mesa neighborhood, for $8.4 million.

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Home of the Month: Exquisite Elfin Forest Estate

Perched at the top of Paint Mountain in Elfin Forest is one of the most unique and talked about homes in San Diego.

Despite Market’s Stability, Homebuyers Are Still Facing Hurdles

PROPERTY: Lending Constraints, Prices Keep Many on Sideline

It was another year of housing stability in San Diego in 2014, as economic fundamentals took hold, price appreciation slowed, and mortgage rates remained at historic lows.

Commercial Real Estate Sticks to Renovations and Repurposing

PROPERTY: New Sites Remain the Exceptions as Caution Is Still the Rule

While brand-new apartment buildings continued to sprout in places like downtown San Diego during 2014, the region’s office market was mostly a fixer-upper affair, with acquisitions and renovations of older buildings far outpacing new construction.

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Kearny Mesa Industrial Property Sells for $3.8 Million

Charter Industrial Supply Inc. of San Diego has purchased a Kearny Mesa industrial building for $3.8 million, according to CoStar Group and public data.

Housing Prices Up 4.7 Percent From October 2013 to October 2014

An index measuring housing prices nationally showed San Diego’s prices increased 4.7 percent over a 12-month period from October 2013 to October 2014, or slightly better than a composite index for the 20 largest cities, which finished up 4.5 percent over the same period.

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Local Firm Acquires Colorado, Oregon Retail Centers for $17 Million

A private equity fund led by an affiliate of San Diego-based Christopher Weil & Co. Inc. has purchased four retail strip centers and a land parcel in Colorado and Oregon, for a total of $17 million.

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County Contracts for Future Construction Up 16 Percent

San Diego County’s contracts for future construction rose 16 percent from the year-earlier period in the first 11 months of 2014, topping $3.48 billion, according to the latest figures from Dodge Data & Analytics, formerly known as McGraw-Hill Construction.

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Frito-Lay Distribution Building Sold for $22.2 Million

BLT Kearny Mesa LLC of Oxnard has purchased a San Diego distribution building housing snack-food maker Frito-Lay North America Inc. for approximately $22.2 million, according to CoStar Group and public data.

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Encinitas Motel Property Sold for $5.1 Million

Locally based Encinitas Hospitality LLC has purchased The Ocean Inn, a 52-room motel in Encinitas, for $5.1 million, according to CoStar Group and public data.

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City College Opens $94.6 Million Arts, Business Complex

San Diego City College recently marked the opening of a new two-building, $94.6 million complex housing the college’s arts, humanities and business programs in the downtown area.

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Terramar Buys Safeway Retail Center Assets for $830 Million

Carlsbad-headquartered Terramar Retail Centers LLC has purchased the shopping center assets of Property Development Centers LLC, a division of Safeway Inc., for approximately $830 million.

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Bay Park Apartment Property Sold for $2.36 Million

Petropoulos Living Trust of Danville, Calif., has acquired the 11-unit Bay View Apartments, in San Diego’s Bay Park neighborhood, for $2.36 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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UTC Medical Office Complex Sells for $72 Million

Polidev Investments Inc. of San Francisco has purchased Genesee Plaza, a two-building medical office complex in San Diego’s University Towne Center neighborhood, for approximately $72 million, according to CoStar Group and public data.

BOMA's TOBY Awards Honor Some Top Properties

The San Diego Building Owners and Managers Association (BOMA) recently announced the winners for the local TOBY awards, “The Outstanding Building of the Year,” at the organization’s Winter TOBY and Membership Awards Gala at the Estancia La Jolla Hotel and Spa.