San Diego Business Journal

SD REAL ESTATE

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

Encinitas Motel Property Sold for $5.1 Million

Locally based Encinitas Hospitality LLC has purchased The Ocean Inn, a 52-room motel in Encinitas, for $5.1 million, according to CoStar Group and public data.

Tease photo

City College Opens $94.6 Million Arts, Business Complex

San Diego City College recently marked the opening of a new two-building, $94.6 million complex housing the college’s arts, humanities and business programs in the downtown area.

Tease photo

Terramar Buys Safeway Retail Center Assets for $830 Million

Carlsbad-headquartered Terramar Retail Centers LLC has purchased the shopping center assets of Property Development Centers LLC, a division of Safeway Inc., for approximately $830 million.

Tease photo

Bay Park Apartment Property Sold for $2.36 Million

Petropoulos Living Trust of Danville, Calif., has acquired the 11-unit Bay View Apartments, in San Diego’s Bay Park neighborhood, for $2.36 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

Tease photo

UTC Medical Office Complex Sells for $72 Million

Polidev Investments Inc. of San Francisco has purchased Genesee Plaza, a two-building medical office complex in San Diego’s University Towne Center neighborhood, for approximately $72 million, according to CoStar Group and public data.

BOMA's TOBY Awards Honor Some Top Properties

The San Diego Building Owners and Managers Association (BOMA) recently announced the winners for the local TOBY awards, “The Outstanding Building of the Year,” at the organization’s Winter TOBY and Membership Awards Gala at the Estancia La Jolla Hotel and Spa.

Carlsbad Approves Lease for Grand Pacific’s Expansion Plans

After more than a year of discussion and debate, the city of Carlsbad has a plan in place to convert a small piece of city-owned land into an expansion site for a hotel owned and operated by locally based Grand Pacific Resorts.

Tease photo

Travelodge in Mission Valley Sells for $9 Million

An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.

Tease photo

Goodwill Industries Purchases Chula Vista Retail Buildings for $3.1 Million

Goodwill Industries of San Diego has purchased three Chula Vista retail buildings for approximately $3.1 million, according to CoStar Group and public data.

Tease photo

San Ysidro Retail Center Is Sold for $2.85M

Southbay Investment Co. LLC of San Diego has purchased a San Ysidro retail center for approximately $2.85 million, according to brokerage company Duhs Commercial Inc., which handled the transaction.

Tease photo

Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

Tease photo

Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

Tease photo

San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

Tease photo

Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.

Median Home Price in November Was $430,000

The median price for houses sold last month in San Diego County was $430,000, down 2.2 percent from October, but up 3.6 percent from November 2013, according to the most recent CoreLogic Dataquick real estate report.