San Diego Business Journal

SD REAL ESTATE

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

Newly Acquired Oceanside Property Considered for Rental Car Lot

A locally based entity recorded as The Song Ramboldt Living Trust has purchased a 2.54-acre commercial lot in Oceanside for $2.5 million, with the site being eyed for use by a rental car company, according to real estate services provider Land Advisors Organization.

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Hillcrest Retail Property Sells for $3.83M

A buyer recorded as Citywest LLC has acquired a multitenant retail property in Hillcrest for approximately $3.83 million, according to brokerage company Colliers International.

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Above the Boardwalk Down in M.B.

This custom, oceanfront home on the boardwalk in Mission Beach was designed by renowned architect Ken Ronchetti. The curvilinear design is a fresh take on the idea of a beach residence.

Moviegoers to Get Boot and Perhaps a Designer Dress or Blouse

Bargain-hunting fashion shoppers will be among the winners when a popular La Jolla retail center does some tenant shuffling amid renovations set to take place over the next 18 months, with Nordstrom Rack recently announced as the star coming attraction.

Local Investment Company Buys Portland Property for $12.9 Million

HP Investors LLC of San Diego has acquired a mixed-use commercial property in downtown Portland, Ore., for $12.9 million, the company announced.

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Local Firm Buys Apartments Near Seattle for $13.6 Million

San Diego-based Pathfinder Partners LLC has acquired a 126-unit apartment community near Seattle for $13.6 million, the company announced.

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High-End Condo Project Underway in Bankers Hill

Developer Zephyr Partners of San Diego plans a June 6 opening for the sales office at The Park, its $100 million, high-end condominium and townhome project now under development in Bankers Hill.

Survey: County’s Apartment Vacancy Rate Up from 2014

The local region’s apartment vacancy rate now stands at 4.1 percent, up slightly from spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.

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Hillcrest Properties Sold for $18.5 Million

An affiliate of San Diego-based Danube Properties Inc. has acquired three Hillcrest commercial properties for a total of $18.5 million, according to CoStar Group and public data.

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Xpera Group Launches Division Focused on Multi-Unit Properties

San Diego-based construction consulting firm Xpera Group has launched a new service division called Xpera RE, focused on the repositioning and renovation of income-generating properties.

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Sorrento Mesa Office Building Sold for $10.7 Million

Locale Advisors of San Diego has purchased a Sorrento Mesa office building for $10.7 million, according to brokerage company DTZ.

Home Prices Climbed 5.3 Percent in April Over Last Year

Home prices in San Diego and Carlsbad continued to climb, gaining 5.3 percent in April over the past year, according to a report Tuesday from CoreLogic, which pegged home price appreciation at 6.8 percent nationwide.

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Bankers Hill Apartments Sell for $6 Million

A buyer recorded as F&F Hill 4th Avenue LP has acquired a 37-unit apartment property in Bankers Hill for $6 million, according to brokerage company ACRE Investment Real Estate Services.

Report: Infill Development Cuts Water Consumption, Pollution

Building in vacant or underused areas in existing neighborhoods, called infill development, can significantly cut down on home water consumption and pollution, nonprofit Circulate San Diego said Monday in a report.

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Escondido Building Housing Auto Parts Store Sold for $3.87 Million

A buyer recorded as 6021 Business Center Court LLC has acquired an Escondido retail building housing O’Reilly Auto Parts for approximately $3.87 million, according to brokerage firm CDC Commercial Inc.