San Diego Business Journal

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City Approves $91.3 Million Deal to Acquire Downtown Office Tower

San Diego City Council has approved a 20-year, $91.3 million lease-to-own deal, in which the city will eventually acquire the downtown San Diego office building known as Civic Center Plaza.

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San Diego International Airport Set Passenger Record in 2014

San Diego International Airport served a record 18.7 million passengers during 2014, the highest total seen since 2007, officials recently reported.

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Brand USA Tourism Agency Shoots Promo Spots in San Diego

San Diego County sites were on the itinerary for a recent series of video shoots by Brand USA, a nationwide public-private partnership that promotes global tourism in the United States.

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Bankers Hill Site of Planned Condos Sells for $12.15 Million

An affiliate of San Diego development firm Zephyr Partners has acquired a Bankers Hill land parcel for $12.15 million, with plans to develop an upscale high-rise condominium project, according to brokerage company Colliers International, which represented the seller.

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Rexford Buys Miramar Industrial Buildings for $18.4 Million

Los Angeles-based Rexford Industrial Realty Inc. has purchased a complex of five Miramar industrial buildings for $18.4 million, according to CoStar Group and public data.

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Wisconsin Terrace Apartments in El Cajon Sold for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

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University City to be Home of Newest Coffee Bean

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

Federal Agencies Are Leaving Downtown Office Building

The upcoming exit by the U.S. General Services Administration from a downtown San Diego office tower could be cause for at least some temporary nervousness for the building’s owners and investors.

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Building Pressure

With New Construction Sluggish, Improving Economy Leads to Absorption, Higher Rents

Health care and education not only continued to fuel much of the San Diego region’s innovation economy in 2014, but they also were the primary drivers of big new construction projects.

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Westcore Buys Industrial Facility at March Air Base for $17 Million

Westcore Properties of San Diego has purchased a ground and air industrial building on property of March Air Reserve Base near Riverside for $17 million.

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