San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Intel, Turtle Beach Sign New Leases at Scripps Ranch Property

Property owner Davlyn Investments recently signed technology tenants Intel Corp. and Turtle Beach Systems to new leases totaling more than $17.1 million at its Northridge Summit office building in Scripps Ranch, bringing the property to full occupancy.

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Poway Industrial Buildings Sold for $55 Million

San Diego-based Sorrento West Properties Inc. has purchased three industrial buildings at Legacy Stowe Business Center in Poway for $55 million, according to CoStar Group and public data.

S.D. Firm Buys Two Phoenix Offices for $10.4M

Douglas Allred Co., a San Diego developer, purchased two office buildings in Phoenix for $10.4 million, the Phoenix Business Journal reported.

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Wermers Completes Mission Viejo Project

San Diego-based development company Wermers Properties announced the completion of Adagio on the Green a community of 256 luxury apartment homes located in Mission Viejo.

ViaSat Buys 23 Acres for Worldwide Headquarters in Carlsbad

Cushman & Wakefield announced Thursday that ViaSat, Inc. has purchased 23 acres off El Camino Real and Gateway Road in the Bressi Ranch area of Carlsbad for its global headquarters from HCP, Inc. (NYSE: HCP). Financial details of the transaction were not disclosed.

Mortgage Lending Changes Arrive

FINANCE: Some Say Devil Is In too Many Details, Delay

The home mortgage industry is grappling with recently implemented lending rules aimed at simplifying and consolidating the information borrowers receive, making it easier for prospective homebuyers to compare offers, but potentially adding delays to the process.

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Miramar Industrial Property Sold for $2.3 Million

Brixton Ridge LLC of San Diego has purchased a Miramar industrial property for $2.3 million, according to brokerage company Newmark Grubb Knight Frank (NGKF).

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Sorrento Valley Leasings Total More than $5M

San Diego-based owner Parallel Capital Partners Inc. recently announced the signing of three new life science and technology tenants at its commercial properties in Sorrento Valley, among deals valued at more than $5 million.

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San Marcos Industrial Property Sells for $9M

Hager Pacific Properties of Newport Beach has acquired a San Marcos industrial property for $9 million in an all-cash transaction, the company announced.

Mother Earth to Expand Its World With an Idaho Facility

It’s a sign of the times for San Diego County’s burgeoning craft beer industry: So many companies are looking to expand that they’re actually running out of viable physical spaces to do that in the local market.

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Alternative Lending Boom Brings Challenges

FINANCE: Crowded Field Changes Strategies, May Bring Consolidation

When Jules Dalsey founded Liberty Capital Group a decade ago, his business model was straightforward: seek out small businesses looking for equipment financing, learn their stories and connect them with banks or other funding sources most likely to issue a loan. Since 2010, the company has originated $100 million in loans.

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Manchester Grand Hyatt Completes Lounge Renovation

Manchester Grand Hyatt San Diego recently completed a multimillion-dollar renovation of its sky-high bar and lounge, called Top of the Hyatt.

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Oceanside Retail Center Sold for $15.7 Million

Sterling Organization of Palm Beach, Fla., has acquired the Oceanside Town & Country retail center in Oceanside for $15.7 million, according to brokerage company Cushman & Wakefield.

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Blackstone Sees What The Markets Missed

PROPERTY: BioMed Buy Gets Exceptional Portfolio

Pending shareholder approval, San Diego’s BioMed Realty Trust Inc. will soon join the growing roster of high-profile local entities now controlled by the private equity giant Blackstone Group, which analysts said has recently been taking parked money off the sidelines to diversify its U.S. and global real estate holdings.

Glen Oaks Escrow Acquires First Capital Escrow

Glendale-based Glen Oaks Escrow said Wednesday it had acquired Carlsbad-based First Capital Escrow, folding it into its Encinitas location.