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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Partnership Pays $40.1 Million for Sorrento Mesa Office Portfolio

A partnership including New York-based DRA Advisors LLC and Cypress Office Properties LLC of San Diego has purchased a three-project office portfolio in Sorrento Mesa for approximately $40.1 million.

Hotels, Retail, Amenities Increasingly Part of Office Development

The future of San Diego County’s office park development — and redevelopment — could be a continued blurring of the lines traditionally separating offices from hotel, retail and other types of commercial projects.

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Project Diversity Helps Put Penick & Sons Among Top Contractors

Construction: Work On Commercial Buildings in And Near NYC Part of Mix

Locally based construction contractors, including T.B. Penick & Sons Inc., continue to capitalize on a steadily improving economy, largely by maintaining a diverse roster of projects that span well beyond San Diego County’s borders.

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Developer Plans 2 Towers on Downtown Block

PROPERTY: $250 Million Mixed-Use Project Counts On Downtown Cachet

Zephyr Partners is counting on continued rising demand for residential units in downtown San Diego, with plans in the works for a $250 million mixed-use project with two high-rise condominium towers.

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ROIC Nets $205.5 Million in Public Stock Offering

Retail Opportunity Investments Corp., also known as ROIC, has closed on an underwritten public offering of just over 14.3 million shares of common stock.

LISC Loan of $2.25M Aims to Provide Affordable Housing

LISC San Diego, the Local Initiatives Support Corp., a nonprofit that uses government and philanthropic resources to help revitalize communities, provided a $2.25 million loan to the City Heights Community Development Corp. to purchase a 20-unit apartment building in the neighborhood.

Community College Taps Contractor Sundt to Lead $15.3 Million Project

General contractor Sundt Construction Inc., which has a regional office in San Diego, has been selected by Southwestern Community College District to manage construction of a new $15.3 million science building in National City.

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Bankers Hill Apartments Acquired for $15 Million

Ninety-unit complex fetches $15 million.

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Escondido Building Housing 24 Hour Fitness Sells for $11.5 Million

The Escondido building is under lease for seven more years.

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Cumming Tops Among Local Firms on National Construction Management List

The San Diego-based construction management company continues its streak of being nationally ranked for revenue.

Poway Packs Powerful Punch in Multimillion-Dollar Home Market

Poway, the aptly named “city in the country,” is home to some of San Diego County’s most spectacular luxury estates. Just 23 miles from downtown San Diego, it is truly world’s away when confronted with the views of the surrounding hillsides, and in some cases, out to the ocean.

Decline in Household Formation Hampering San Diego Economy

Not enough young adults are leaving home to help kick-start the construction and financing sectors.

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School District Buys Mission Valley Office Plaza for $5.6 Million

The San Diego Unified School District plans to lease property to charter school.

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Oceanside Building Housing Surgery Center Sells for $4.8 Million

The property was fully leased.

Median Home Price in San Diego Rises in May

The median price for a house sold in San Diego in May was $440,000, a bit higher than in April and considerably higher than a year ago.