San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Local Firm Buys Napa, Tempe Apartments for $50 Million

San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.

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Rental Condos in La Mesa Sold for $28.3 Million

Partnerships controlled by San Diego-based R&V Management Corp. have purchased the 124-unit Central Park condominium rental property in La Mesa for $28.3 million, according to CBRE Group Inc., which represented the seller.

Getting Input on Projects Is a Work in Progress

PROPERTY: Community Involvement Requires More Than Meetings

If the gospel of smart growth isn’t resonating with residents of many San Diego neighborhoods, especially the younger generation, is there a problem with the message? Or is it the messenger, or even the delivery method?

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North Park Apartment Complex Sells for $3.28 Million

Bill N. Shepard Trust of El Cajon has acquired an 18-unit apartment complex in San Diego’s North Park neighborhood for approximately $3.28 million, according to CoStar Group and public data.

$60 Million East Village Apartment Project Approved

Civic San Diego, the city’s downtown project oversight agency, has approved plans for the $60 million Broadstone Makers Quarter, a 269-unit mixed-use apartment project to be built in East Village.

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SDSU Begins Work on $143 Million Mixed-Use Project

San Diego State University has broken ground on South Campus Plaza, a $143 million mixed-use student housing and retail project slated for completion in fall 2016.

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BioMed Realty and Broad Institute Form Strategic Partnership to Promote Innovation

San Diego-based BioMed Realty Trust Inc. and the Broad Institute of MIT and Harvard announced a strategic partnership to foster innovation and promote relationships between academia and the life science industry.

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Imperial Beach Apartment Property Sells for $5.5 Million

Imperial Beach Resort LLC of Henderson, Nev., has purchased Beach Town Rentals, a 31-unit apartment property in Imperial Beach, for $5.5 million, according to CoStar Group and public data.

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Dec. 1 Groundbreaking Slated for New Little Italy Plaza

The Little Italy Association and San Diego-based developer H.G. Fenton Co. plan a Dec. 1 groundbreaking for Piazza Famiglia, a 10,000-square-foot public plaza serving the downtown neighborhood.

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San Marcos Retail Center Sells for $5.25 Million

A buyer recorded as Oda LLC has purchased a San Marcos retail center for $5.25 million, according to the brokerage company Pacific Coast Commercial, which represented the buyer.

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Chula Vista Retail Property Sells for $9.8 Million

An affiliate of Paragon Real Estate Fund of San Diego has purchased the retail portion of the mixed-use Heritage Town Center in Chula Vista for $9.8 million, according to CoStar Group and public data.

$60 Million Math-Science Building Planned at Southwestern College

The San Diego office of general contractor Rudolph and Sletten was recently awarded the construction contract for a $60 million Math, Science and Engineering Building planned at Southwestern College in Chula Vista.

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Historic Britt-Scripps House in Bankers Hill Sold

New Romax Inc. of El Monte has purchased the historic Britt-Scripps House, in San Diego’s Bankers Hill neighborhood, for $2.9 million, according to brokerage company Colliers International.

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Kilroy Begins Work on $45 Million Del Mar Heights Office Project

PROPERTY: It Is Aiming to Meet LEED Gold Standards

Kilroy Realty Corp. of Los Angeles has begun construction on a new $45 million office building, which officials said is the first speculative construction in eight years in San Diego’s Del Mar Heights submarket.

Law Firms Opt for Renewals as Landlords Gain Leverage

TROPHY SPACE: Lack of New Inventory, Pressure on Costs Deter Movement

Need proof that commercial real estate has recovered from the worst of the Great Recession?