San Diego Business Journal


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

S.D. County Home Prices Rose 7.6 Percent in Last Year

Home values in San Diego and Carlsbad grew 7.6 percent in February from the year before, as homes nationwide continued to rise in value, according to a report Tuesday from CoreLogic.

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BioMed Leases Full i3 Campus at UTC to Illumina

Property owner BioMed Realty announced that it has fully leased its 316,000-square-foot i3 campus, currently under construction at University Town Center, to biotech company Illumina Inc.

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BioMed Realty Buys UTC Buildings for $55 Million

BioMed Realty has purchased a two-building laboratory and office property in University Towne Center for $55 million, the San Diego-based company announced.

Local Construction Starts Down 26 Percent in Jan.-Feb. Period

San Diego County’s construction starts declined 26 percent from the same period a year ago in the first two months of 2016, to $432.1 million, according to the latest monthly figures from Dodge Data & Analytics.

Two Affordable Housing Developements Open

The San Diego Housing Commission, in partnership with Carlsbad-based developer Chelsea Investment Corp., recently opened two new affordable housing developments, Independence Point Apartments and Rancho Del Sol Apartments.

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Hillcrest Apartments Sell for $16.5M

CBRE Group, Inc. announced the sale of the Park East Apartments in Hillcrest for $16.5 million April 1.

RAF Pacifica Group Acquires Local Six Property Industrial Portfolio

RAF Pacifica Group acquired a 277,040 square-foot portfolio of 16 buildings in San Diego County.

Webcor Builders, Bethel Contracting Win $69 Million Project at Camp Pendleton

Webcor Builders, a contractor with a San Diego presence since 2000, was recently awarded a $69 million project at Camp Pendleton with its joint venture partner, Bethel Contracting LLC.

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Life Streaming

Designed by legendary organic modern architect Kendrick Bangs Kellogg, the Lotus House is a masterful juxtaposition of art, light and function. Nested like a butterfly on a private canyon rim, the undulating roof sits atop expansive walls of glass that frame panoramic views of the Pacific. Awash with natural light, the home is an architectural masterpiece unlike any other.

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ACI Apartments Announces $3.8 Million Sale in Alpine

ACI Apartments Inc. announced the sale of a 24-unit complex in Alpine for $3.8 million.

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Pathfinder Acquires 90 Luxury Condos in Arizona for $15 Million

San Diego-based Pathfinder Partners LLC has acquired 90 units in Aderra Condominiums – a 312-unit upscale community at 11640 North Tatum Boulevard in the exclusive Paradise Valley neighborhood of Phoenix – for $15 million.

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Certified Planner Brian Mooney to be Inducted into Group's College of Fellows

Rick Engineering Co.’s Brian F. Mooney will be inducted into the 2016 American Institute of Certified Planners College of Fellows on April 3.

Sunroad Enterprises Announces Centrumplace Development

San Diego-based developer Sunroad Enterprises announced March 28 that it will develop an office campus in central San Diego called Centrumplace with two new 11-story buildings.

JMI to Propose Converting Qualcomm Stadium to SDSU Campus

JMI Realty, former Padres owner John Moores’ development company, will announce a proposal next week to turn the current Qualcomm Stadium site in Mission Valley into a “west campus” for San Diego State University, including a stadium of its own.

San Diego Home Prices Increase 6.9 Percent in Last Year

Home prices in San Diego rose 6.9 percent during the year ending in January, according to a leading housing market index, tied with Los Angeles as the eighth-fastest-growing among the country’s large cities.