San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Dual-Agency Practice Has Lawmaker Attention

Industry opposition is likely to be huge, but Jason Hughes is pushing for California to go a step further when it comes to dealing with the practice of brokers representing both landlords and tenants in the same real estate deal — by banning it altogether.

April 27, 2017 12:22 p.m. share »
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San Diego Apartments Sold for $8 Million

Bee Holdings LLC of Laguna Beach has acquired a 30-unit apartment complex in San Diego’s Golden Heights neighborhood for approximately $8 million, according to brokerage firm Apartment Realty Group (ARG).

By Lou Hirsh April 26, 2017 4 p.m. share »
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La Jolla Office Building Sells for $4.1 Million

A La Jolla buyer recorded as YDNL LLC has purchased a professional and medical office building in that village for $4.1 million, according to brokerage firm Horizon Resources Inc.

By Lou Hirsh April 25, 2017 11:16 a.m. share »
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Carlsbad Office Campus Owner Completes $15 Million Renovation

Owner Regent Properties has completed the first $15 million phase of renovations at Atlas at Carlsbad, part of a repositioning of the office campus at 5909 Sea Otter Place.

By Lou Hirsh April 24, 2017 12:18 p.m. share »
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Sudberry Opening First Park Elements at Mixed-Use Civita

San Diego developer Sudberry Properties plans an April 29 opening for the first two phases of new park space at its mixed-use Civita in Mission Valley. A total of four phases of parks and related open space will represent more than $27.7 million in development at full build-out.

By Lou Hirsh April 24, 2017 11:25 a.m. share »

Not Everyone is Getting Squeezed by Demand For Office Property

Some clear office property patterns are emerging as local commercial real estate market data trickles in for the year’s first quarter. Here’s a sampling of observations on leasing, sales and other trends:

By Lou Hirsh April 24, 2017 11:23 a.m. share »
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Developer Completes Apartment Project in Lemon Grove

San Diego-headquartered CityMark Development recently completed and opened Celsius, a new 84-unit apartment building in the East County city of Lemon Grove with an approximate development cost of $20 million.

By Lou Hirsh April 21, 2017 3:17 p.m. share »
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Scripps Health Sells Former Hospice Property in Hillcrest for $20 Million

San Diego’s Scripps Health has sold a former hospice facility that it owns in Hillcrest to a Houston-based investment company for $20 million. Camden USA Inc. plans to build a multifamily project on the eight-acre property at 4311 Third Ave., according to CoStar Group and public data.

By Lou Hirsh April 20, 2017 4:57 p.m. share »
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Find Your Perfect Environment at Stonebridge Estates

The Rancho Encantada area in San Diego is a 2,658-acre community east of Interstate 15 out Pomerado Road and east of Scripps Ranch. The area is notable for its distinctive weathered ridges and deep canyons that range in elevation from 600 feet in the west to 1,777 feet in the northeast.

By Stephanie Glidden April 20, 2017 1:35 p.m. share »
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After 8 Years of Absorption, Industrial May Have Peaked

Coming off a particularly strong year for space absorption and construction activity, San Diego County’s industrial property market will be hard-pressed in 2017 to match the high-demand patterns of 2016.

By Lou Hirsh April 20, 2017 1:08 p.m. share »
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Gaslamp Seeking To Restore Luster

Downtown property owners say elements are gradually falling into place as San Diego’s historic Gaslamp Quarter seeks to recapture some of the luster lost over the past decade as locals flocked to other urban neighborhoods including Little Italy, North Park and the nearby Ballpark District in East Village.

By Lou Hirsh April 20, 2017 12:36 p.m. share »
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Port District Chooses Developers for Chula Vista Waterfront RV Park

The Unified Port of San Diego has selected Sun Communities Inc. and Northgate Resorts LLC to develop a destination recreational vehicle park on the Chula Vista bayfront.

By Lou Hirsh April 19, 2017 4:41 p.m. share »

Multifamily Brokers Switch from CBRE to Kidder Mathews

Commercial real estate services firm Kidder Mathews has announced the San Diego hiring of three multifamily investment brokers and two support personnel, who have switched over from rival CBRE Group Inc.

By Lou Hirsh April 19, 2017 2:57 p.m. share »
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La Jolla Retail Units Sell for $4.65 Million

The Cove Equity Group of San Diego has acquired a two-unit retail condominium in La Jolla for $4.65 million, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh April 18, 2017 12:57 p.m. share »
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Vista Office Property Sold for $12.8 Million

An affiliate of Chino-based Gelardo Family Trust has purchased a Vista office building for $12.8 million, according to CoStar Group and public data.

By Lou Hirsh April 18, 2017 11:06 a.m. share »