San Diego Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Golden Hill Apartment Property Sells for $2.8 Million

Investor Alex Mincks of San Diego’s Mincks Family Trust has acquired an 11-unit apartment property in the city’s Golden Hill neighborhood for $2.8 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Apartment Realty Group.

Real Estate Associations Clash in Court Over Their MLS

Two of the county’s three largest local real estate trade associations want a court to order the dissolution of Sandicor Inc., San Diego’s regional multiple listing service, in such a way as to ensure none of the groups can use the listings.

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Developer Plans a $16 Million Industrial Campus in Escondido

Badiee Development Inc. plans to build a new $16 million industrial campus in Escondido, the second industrial project in that city to be announced recently by the San Diego-based developer.

County’s Construction Starts Rose 31 Percent in First Nine Months of 2016

San Diego County’s construction starts rose 31 percent from a year ago in the first nine months of 2016, topping $3.18 billion in value, according to the latest monthly figures from Dodge Data & Analytics.

Third Quarter Revenue Rises 7.1 Percent at Realty Income Corp.

Total third-quarter revenue at Realty Income Corp. rose 7.1 percent from a year ago, reaching $277.2 million for the period ending Sept. 30, the San Diego-headquartered company reported.

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Carlsbad Office Buildings Sold for $5.8 Million

El Segundo-based Alvarez & Marsal Capital Real Estate LLC has acquired two Carlsbad office buildings for a total of $5.8 million, according to brokerage firm Cushman & Wakefield.

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City Heights Apartments Sell for $2.09 Million

Xavier Family Trust of Del Mar has purchased a 14-unit apartment building in San Diego’s City Heights neighborhood for $2.09 million, according to brokerage firm South Coast Commercial Inc.

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San Diego Retail Center Sells for $8.1 Million

Diversified Properties of Solana Beach has acquired the Bay City Plaza retail center in southern San Diego for $8.1 million, according to brokerage firms Voit Real Estate Services and Cushman & Wakefield.

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Developer Gets $145M in Refinancing for UTC Apartments

San Diego-based developer The Premiere Residential has obtained $145 million in refinancing for two apartment communities in University Towne Center, according to CBRE Group Inc., which arranged the financing.

ROIC Posts Revenue Increase in Third Quarter

San Diego-based Retail Opportunity Investments Corp. posted an 18.5 percent increase in total third-quarter revenue from a year ago, reaching $59.4 million for the period ending Sept. 30.

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BNBuilders Gets $23.8 Million Contract For UCLA’s Geffen Academy

The San Diego office of general contractor BNBuilders was recently awarded a $23.8 million contract to build Geffen Academy, a new college preparatory school on the campus of University of California Los Angeles.

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El Cajon Medical Office Property Sold for $3.27 Million

Thu Tran and Lisa Tran Trust of La Jolla has acquired an El Cajon medical office complex for $3.27 million, according to brokerage firm The Heritage Group.

S.D. Law Firms' Real Estate Footprint Relatively Unchanged; Rents Remain High

A study released Monday by Chicago-based real estate investment and advisory firm JLL on the real estate outlook for law firms in San Diego said local firms have not decreased their footprints as much as firms have in some other primary U.S. markets.

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Put Your Life on Course for Luxury Living at Country Club

On the most southwestern edge of Rancho Santa Fe off San Dieguito Road is the Del Mar Country Club, one of the county’s finest golf courses and communities.

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Oceanside Industrial Properties Sold for $16.2 Million

An affiliate of Denver-based Industrial Property Trust Inc. has acquired a 13-property portfolio in Oceanside for $16.2 million, according to CoStar Group and public data.