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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Watkins Landmark Construction Hires New COO

Watkins Landmark Construction of Carlsbad has hired Dennis Dizon as its new vice president of operations and chief operating officer.

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San Diego Apartment Building Sold for $2.07 Million

A.J. Holdings LLC has purchased a six-unit apartment complex in San Diego’s Crown Point neighborhood for approximately $2.07 million, according to brokerage company ACRE Investment Real Estate Services.

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Kearny Mesa R&D Building Sells for $2.3 Million

An entity recorded as Dimitry Family Trust 2011 has acquired a Kearny Mesa industrial and office building for approximately $2.3 million, according to CoStar Group and public data.

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Imperial Beach Apartment Complex Sold for $6.8 Million

An affiliate of Mar Group of Del Mar has purchased a 43-unit Imperial Beach apartment complex for approximately $6.8 million, according to CoStar Group and public data.

Value of Future Construction Projects Down 56 Percent in First Quarter

The value of San Diego County’s contracts for future construction dropped 56 percent from a year ago in the first quarter of 2015, to just over $607.4 million, according to the latest data from Dodge Data & Analytics.

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Vista Retail Center Gets New Owner

A buyer recorded as Sycamore Terrace Vista CA LLC has acquired the two-building Sycamore Terrace retail property in Vista, according to CoStar Group and public data.

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Mission Valley Office Building Acquired for $8.1 Million

A buyer recorded as PWI CDRS LP has purchased the Mission View Plaza office building in Mission Valley for $8.1 million, according to brokerage company Colliers International Inc.

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San Diego Office Building Sold for $9.27 Million

Investor Paul Meardon of San Diego has acquired an office building near Pacific Beach for approximately $9.27 million, according to brokerage company Marcus & Millichap Inc.

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First Quarter Revenue Rises at BioMed Realty Trust

BioMed Realty Trust Inc. reported revenue of $178 million for its first quarter ending March 31, up 5.3 percent from the same period of 2014.

If These Walls Could Talk, They Would Say, ‘Welcome Home’

Multigenerational housing has gotten a shiny new upgrade and caught the eye of some of San Diego’s most prominent homebuilders.

One Paseo Saga Moving Toward an Election Day Showdown

The February decision to approve the controversial One Paseo mixed-use development in Carmel Valley has boomeranged back to the San Diego City Council after a petition drive by opponents gathered enough signatures to have the project placed before voters, unless the council repeals its approval.

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Regulations Big Part Of Housing Price Bite

BUILDING: Study Finds Fees, Delays Amount to 40% of Cost

Nearly half of the price of a new home in San Diego comes from two primary factors: delays and fees created by local regulations, according to a study of the county’s housing market released recently that prompted economists, builders and housing advocates to renew their call for a more streamlined approval process in one of the nation’s most expensive housing markets.

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Cushman & Wakefield Promotes Howard to Lead Local Operations

Commercial brokerage and real estate services company Cushman & Wakefield Inc. has promoted Brunson Howard to the post of senior managing director and market leader for the San Diego region.

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Life Insurer Buys Three Office Buildings from Kilroy for $95 Million

An affiliate of John Hancock Life Insurance Co. has purchased a three-building portfolio of San Diego office buildings for $95 million, according to CoStar Group and public data.

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First Quarter Revenue Rises at Realty Income Corp.

Realty Income Corp. posted a record $246.9 million in revenue for its first quarter ending March 31, up 11.4 percent from the year-ago period, the Escondido-based company reported.