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PROPERTY: Experts Gather to Discuss the State of the Market
San Diego County’s commercial real estate industry is showing strong signs of recovery, although the recession isn’t over. That’s the view expressed by real estate professionals who took part in a recent roundtable discussion hosted by the San Diego Business Journal.
Leigh Kyle is managing principal at Spurlock Poirier Landscape Architects. Since joining the firm in 2004, she’s been project manager for a variety of work, including the San Diego Downtown Parks and Open Space Implementation Plan and the San Diego Federal Courthouse.
Essex Property Trust Inc. of Palo Alto has purchased the 379-unit Domain by Alta apartment community in Kearny Mesa for $121 million.
SR Commercial of Solana Beach has acquired two local office and industrial properties, for a total of $8.5 million.
San Diego-based developer OliverMcMillan plans to break ground Nov. 20 on a 388-unit, mixed-use condominium tower in Honolulu.
The median price for houses sold in San Diego County in October was $412,750, down 2 percent from September’s median, but up 17.9 percent from October 2012, according to the latest Dataquick market report.
Real estate services provider Trigild has named Judy Hoffman as president of the San Diego-based company.
Corsair Properties LP of Yorba Linda has purchased a Carlsbad industrial property, currently leased by TaylorMade Golf, for $5.6 million.
Local franchisee Paul Martinez recently opened his second East County Baskin-Robbins ice cream location, with a third planned as a part of a new store development agreement announced by Massachusetts-based Baskin-Robbins.
The median price for a single family house sold in October in San Diego County was $475,000, a 2 percent drop from September, but 19 percent above the median price for October 2012, according to the latest report from the Greater San Diego Association of Realtors.
PROPERTY: Council Goes Against Committee Pick for Development
Carlsbad officials will soon begin talks with operators on a planned expansion and re-branding of the Sheraton Carlsbad Resort & Spa, after rejecting a new Legoland California Resort hotel proposed for the same city-owned property.
Locally based investment firm Presidio Residential Capital has provided $8.2 million to build the first phase of a planned $18.8 million urban infill project in San Diego’s Golden Hill neighborhood.
Encin Real Estate of La Jolla has purchased an Oceanside retail building, which includes a McDonald’s restaurant, for approximately $6.2 million.
Escondido-based Realty Income Corp. reported record operating results for its third quarter ending Sept. 30, with revenue up 70.2 percent from the year-ago period, to $199.3 million.
BioMed Realty Trust saw revenue rise 18.4 percent from a year ago in its third quarter ending Sept. 30, reaching $159.2 million.