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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County’s Future Construction Projects down 56% in First 2 Months of 2014

San Diego County’s contracts for future construction were down 56 percent in value from a year ago in the first two months of 2014, according to new data from McGraw Hill Construction.

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Parallel Capital Teams With Chicago-based Firm to Buy Local Office Campus for $72.5M

Investment company Parallel Capital Partners Inc. of San Diego has bought Wateridge Plaza, a three-building office campus in Sorrento Mesa, for $72.5 million.

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Carmel Mountain Ranch Office Building Sold for $7.75 Million

Lab-testing product and services provider Phamatech Inc. of San Diego, recorded as JT & TP Investment LLC, has purchased a Carmel Mountain Ranch office building for $7.75 million, according to CoStar Group and public data.

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Carmel Mountain Ranch Office Building sells for $7.75 Million

Lab-testing product and services provider Phamatech Inc. of San Diego, recorded as JT & TP Investment LLC, has purchased a Carmel Mountain Ranch office building for $7.75 million, according to CoStar Group and public data.

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Hotel Market Experts Look to East for Drivers of Local Growth

The still-growing Chinese economy has the potential to become a sizable force in hotel markets including San Diego County’s — as a driver of property investment as well as a source of visitors filling guest rooms.

Coalition Seeks to Curb Problem of Drug Theft at Open Houses

A coalition of businesses, nonprofits and San Diego real estate professionals has banded together to prevent prescription drug theft at open houses. Key to the group’s mission is ensuring the safe use, storage and disposal of prescription drugs.

Cash Still King to Sellers in the Lower End

PROPERTY: Nonprofit Groups Are Calling for Government Regulation

Cash buyers are still exerting a big influence on the San Diego County market, making up about 31 percent of all house sales in February, causing frustration to many first time homebuyers.

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AleSmith Brewing Signs $9.7 Million Lease for Planned Miramar Expansion

San Diego-based AleSmith Brewing Co. has signed a $9.7 million lease to occupy a 105,600-square-foot industrial building in Miramar, where it plans to quintuple the size of its current craft beer-making operations in that neighborhood.

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BioMed Declares First Quarter Stock Dividend

San Diego-based BioMed Realty Trust Inc. (NYSE: BMR) has declared a first-quarter 2014 dividend of 25 cents per share of common stock, equivalent to $1 per share on an annualized basis.

Panel Approves Designs for Little Italy Plaza-Apartment Project

A committee of Civic San Diego, the city’s downtown project oversight agency, has approved preliminary designs for a new public plaza and mixed-use apartment development planned in Little Italy.

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Escondido Retail Center Owners Get $5.7M in Refinancing

The owners of Home Depot Plaza, a 171,300-square-foot retail center in Escondido, have obtained $5.7 million in refinancing on the property.

Work to Begin on $24M Row-Home Development in Golden Hill

Developers plan to begin construction this month on a $24 million, 33-unit row-home project in San Diego’s Golden Hill neighborhood.

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Solana Beach Office Building Sells for $4.3 Million

Duvivier Construction of Encinitas has bought a Solana Beach office property known as the Financial Building for $4.3 million.

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Lakeside Apartment Complex Sells for $4.9 Million

Lomas Santa Fe Group of Solana Beach has purchased the 54-unit Magnolia Terrace Apartments in Lakeside for approximately $4.9 million, according to real estate services firm The Heritage Group, which represented the buyer.