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Once known as the Avocado Capital of the World, the city of Vista is just seven miles from the beach and stretches out among gentle rolling hills and enjoys cooling ocean breezes.
Mobile app- enabled ride-sharing services such as Lyft and Uber are becoming ubiquitous at places including the airport and local tourist venues (see the Business Journal’s Sept. 7 story), and they could eventually become popular among shoppers tired of searching for parking at their favorite malls during peak hours.
PROPERTY: With Factors In Its Favor, Millenia Aims For Big Change in Chula Vista
After being stalled for several years by setbacks in the real estate economy, residential and commercial projects are set to sprout at the long-awaited, 210-acre Millenia mixed-use development in Chula Vista.
Atomic Investments Inc. and Muirlands Investments LLC of National City have acquired a Poway industrial building for approximately $3.32 million, according to brokerage firm Pacific Coast Commercial.
Harbor Associates LLC of Long Beach has purchased a Sorrento Mesa office building for $5 million in an all-cash deal, with plans for an extensive renovation, the investment firm reported.
San Diego-based real estate development and services firm Douglas Wilson Cos. has named Nicholas P. Wilson as its chief operating officer and Michele Vives as senior managing director, as it prepares projects in new areas including senior housing.
J&J Properties - La Jolla LLC, a division of J&J Real Properties LLC of San Diego, has purchased the Vista La Jolla Corporate Center office property in the Rose Canyon submarket for $6.3 million, according to real estate services firm HFF.
Strategic Hotels & Resorts Inc., which owns 17 high-end U.S. hospitality properties including Hotel Del Coronado, has agreed to be acquired by affiliates of New York-based Blackstone Group, in a deal valued at approximately $6 billion.
San Diego-based investor Dan Floit has sold five local multifamily buildings and acquired several other commercial properties, in transactions totaling $52 million, according to brokerage company CBRE Group Inc.
Lincoln Property Co. has purchased the five-building Activity Business Center office park in Miramar for $19.15 million, the Dallas-based company announced.
Less than an hour away from the day-to-day grind of city living is Los Robles Ranch in Santa Ysabel.
an Diego-based Midland Properties LLC has purchased the 33-unit Racquet Club Apartments in La Mesa for $5.8 million, according to brokerage firm ACRE Investment Real Estate Services.
Belmont Growth LLC of San Diego has acquired the 22-unit Suncrest Condos in North Park for $5.61 million, according to brokerage company ACRE Investment Real Estate Services.
Homes further away from schools are worth more than those nearby, according to a recent study by the University of San Diego.
DEVELOPMENT: Carlsbad Latest to Join Initiative Fray
Carlsbad could soon be embroiled in San Diego County’s latest scuffle over “ballot box planning,” as opponents of a lagoon-adjacent retail center seek to overturn the Carlsbad City Council’s recent approval of the project.