San Diego Business Journal

SD REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Council Approves Revised One Paseo Development

The downsized, but still controversial One Paseo project was approved Monday by the San Diego City Council.

EMMES Realty Advisors Acquires Downtown Parking Structure

EMMES Realty Advisors LLC has acquired a 580-stall parking and retail facility. The eight-story parking structure with approximately 14,000 square feet of ground floor retail space is located at 1350 6th Ave. in downtown San Diego.

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Point Loma Apartment Property Sells for $4.4 Million

Jay Crystall LLC of San Diego has acquired a 13-unit apartment complex in Point Loma for approximately $4.4 million, according to brokerage firm CBRE Group Inc.

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Carl DeMaio Pushes Plan for Privately Funded Stadium

A group that includes former San Diego City Councilman and mayoral candidate Carl DeMaio has put forward a proposal that it says could fund a new multi-use San Diego Chargers stadium with event facilities without tax increases or other public funding.

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Expanding Law Firm Buys La Jolla Building for $4.75M

Locally headquartered law firm Tyson & Mendes LLP has purchased a La Jolla building for $4.75 million, as the multi-state firm expands its San Diego offices, the buyer announced.

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New Carlsbad Industrial Buildings Planned After $15M Land Buy

San Diego-based developer RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.

CBRE Forms New Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

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Assessments Often Unsupported by Market Values

Although the economy as a whole has shown signs of life after the Great Recession, the recovery is not being driven by commercial real estate prices and values. It is more accurate to describe the economic recovery as occurring despite the ongoing distress affecting some segments and submarkets of the commercial real estate market.

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Cushman & Wakefield Names New Brokerage Director in San Diego

Commercial real estate services firm Cushman & Wakefield has named Nick Di Paolo as its director of brokerage in San Diego, overseeing all brokerage lines including five local offices and approximately 90 brokers.

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Guild Mortgage Signs $10M Lease for Local Headquarters Expansion

San Diego-based Guild Mortgage Co. has signed a 10-year lease for 40,000 square feet valued at approximately $10 million, as it expands its headquarters in Kearny Mesa, according to local commercial brokers.

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Encinitas Homes Build On the Style, Charm of City’s Past

A drive along the side streets off Leucadia Boulevard between Interstate 5 and El Camino Real is a simultaneous look at the past of Encinitas and its future. West of Quail Gardens Drive, the area is a densely populated mix of ramshackle, mid-1950s ranch houses alongside newer, million-dollar estates that replaced the original homes.

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Carlsbad Industrial Building Sold for $7.55 Million

Los Angeles-based Alvarez & Marshal Capital Real Estate LLC has purchased a Carlsbad industrial building for $7.55 million, according to brokerage firm Lee & Associates.

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Sorrento Mesa Office Campus Sells for $12.6 Million

BLT Enterprises of Santa Monica has acquired a two-building office campus in Sorrento Mesa for $12.6 million, the buyer announced.

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San Francisco Firm Buys Mira Mesa Retail Center for $229 Million

San Francisco-based Stockbridge Capital Group LLC has purchased the Mira Mesa Marketplace retail center in Mira Mesa for $229 million, according to CoStar Group and public data.

Four Housing Projects Awarded Nearly $4 Million

Four San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.