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REAL ESTATE: OC Firm to Build 133 Homes In Civita Development
New Home Co. has bought land for its first homebuilding project in San Diego, and is also expanding its reach in Orange County through a new project at the La Floresta development in Brea.
Whatever you call it, the Village of La Jolla — aka Downtown La Jolla, aka La Jolla Cove — has been on a tear for the past two years when it comes to commercial real estate.
Tenant demand for life science real estate in San Diego remains robust so far in 2016, even as leasing activity has declined from levels seen in the first half of 2015, according to a new report from brokerage firm JLL.
San Diego County’s construction starts increased five percent from a year ago in the first seven months of 2016, with projects totaling more than $2.17 billion in value, according to the latest monthly figures from research firm Dodge Data & Analytics.
PROPERTY: Online Buying, Closures Don’t Dent Market
Just two years after Brixton Capital acquired a vacated former Target store site in Chula Vista, four major retailers will soon be sprouting up to take its place.
Irvine-based land brokerage firm Province West has established an office in San Diego, managed by Vice President Eric Weitz. The expansion follows a recently announced strategic alliance between Province West and Scottsdale, Ariz.-based Nathan & Associates Inc.
Carlsbad-based Continuing Life Communities has acquired a 53-acre land parcel in San Diego’s Scripps Ranch neighborhood for $18.5 million, with plans to develop a new continuing care retirement community.
New York-based Angelo, Gordon & Co. has acquired a two-building Sorrento Mesa office property for $28 million, according to brokerage firm JLL.
Of the 39 states in which construction employment rose between July 2015 and July of this year, California added the most construction jobs, according to a report from the Associated General Contractors of America.
A Long Beach-based project engineering firm, ALTA Environmental, has opened an office in Oceanside.
San Diego-based Cornerstone Communities and Presidio Residential Capital recently began construction on Brisas at Pacific Ridge, consisting of 117 two-story triplex townhomes in Oceanside. A statement from developers said the for-sale project will have a retail value of more than $57 million at completion.
Downtown Rancho Santa Fe is just a few blocks long and is the busy epicenter of this exclusive enclave.
A San Diego buyer recorded as East Eight LLC has acquired a 36-unit apartment property in the city’s Grantville neighborhood for $7.45 million, according to brokerage firm CBRE Group Inc.
More than 90 percent of San Diego-area businesses believe the region’s housing has become too expensive, and most think more residences should be built, according to survey results released Wednesday.
San Diego County’s hotel property transaction volume declined 38 percent from a year ago in the first half of 2016, with the dollar volume down 65 percent, according to a recent mid-year report by brokerage and consulting firm Atlas Hospitality Group.