SD REAL ESTATE

A Home for Special Ops, More Homes in Little Italy

The Honor Foundation, a local nonprofit that provides transitional services for Navy SEALs and others in the U.S. military’s Special Operations community, recently broke ground on a new 8,000-square-foot headquarters facility in Sorrento Valley. The site at 11055 Roselle St. was donated by property owner Alexandria Real Estate Equities Inc., among the local region’s largest holders of life science and related properties.

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Riverwalk’s New Development Course May Face Hazards

Unlike the current site of the (former) Qualcomm Stadium, the existing Riverwalk golf course in Mission Valley appears to have a clear vision now gradually taking shape for its next life — politics-free, at least at the outset.

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Amazon Expanding Local Offices, But Is More in Store?

E-commerce giant Amazon Inc. really likes San Diego, recently adding to its already growing presence by leasing more than 100,000 square feet of office space at University Towne Center.

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Spec Office-Industrial Redevelopment Underway in Kearny Mesa

Building owner LBA Realty of Irvine is redeveloping a Kearny Mesa property it acquired in December 2016 into a new speculative office and industrial campus, according to brokerage firm CBRE Group Inc.

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Kearny Mesa Apartments Sold for $136.5 Million

Fort Worth, Texas-based Olympus Property, in a partnership with Artemis Real Estate Partners of Washington, D.C., has purchased the 360-unit Broadstone Corsair apartments in Kearny Mesa for $136 million, the buyers announced.

Cargo Services Provider Atlas Expanding Otay Mesa Operations

San Diego-based Atlas Freight Forwarding Inc. plans to expand its local operations, after leasing a nearly 100,000-square-foot industrial distribution suite in Otay Mesa.

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Turner Construction, SVA Architects Begin Design of San Ysidro Library

Design of the long-awaited new San Ysidro Public Library is underway, announced Turner Construction Co. and SVA Architects Inc., which have teamed up on the $10.3 million project.

Westcore Buys Antioch Distribution Facility for $32.4 Million

San Diego-based Westcore Properties has acquired an industrial building in the Bay Area city of Antioch for $32.4 million, the company announced.

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UTC Medical Office Campus Sold for $97 Million

A partnership that includes Virginia-based Anchor Health Properties and Washington, D.C.-based The Carlyle Group has acquired a two-building medical office campus in University Towne Center for $97 million, according to CoStar Group and public data.

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City Heights Apartments Sold for $2.14M

Investors Frank Gomez and Catalina Amuedo-Dorantes of San Diego have acquired a nine-unit apartment property in the City Heights neighborhood for $2.14 million, according to brokerage firm Apartment Advisors Inc.

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Architect Puts Her Skills Into Bringing Clients’ Visions to Life

One of the most beautiful beaches and prestigious residential areas in the county is the Del Mar Beach Colony. It’s that stretch of beach along the far northern end of Del Mar up to the border of Solana Beach. Home to movie stars, moguls and those prescient enough to have bought property there 20 years ago; it’s quintessential beach living.

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New Dining Venues, and Other Tenant Arrivals

Mall owner Rouse Properties recently announced three more upcoming new dining tenants for The Shoppes at Carlsbad, currently undergoing an extensive renovation. Joining the lineup will be San Diego’s Lucha Libre, set to open its third local gourmet taco shop; Santa Ana-based Neckter Juice Bar, opening its 10th local location; and Poke Hut, a new concept from the operators of Carlsbad’s Señor Grubby’s with a twist on the Hawaiian fish dish.

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Border Wall Project Bypasses Local Firms ... So Far

The proposed new U.S.-Mexico border wall backed by President Trump will be going through San Diego County if it actually gets built. But the design won’t involve any local companies, at least in the early going.

Rental Demand Likely to Outpace Supply Well into 2020

The next 18 months will see at least 7,250 new apartments come on the market in San Diego County. Does that mean relief for renters, or cause for multifamily investors to alter their strategies in this still-tight market?

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S.D. Acquisition Puts Mynd in Target Rich Rental Market

PROPERTY: Management Platform Aiming for Sites Of 50, or less, Units

Responding to the rise of mobile apps in the realm of rental property management, Bay Area technology provider Mynd recently made its first expansion into Southern California by acquiring San Diego’s Pacific Shore Management for an undisclosed price.

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