San Diego Business Journal

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Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

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Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

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San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

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Red O Restaurant to Replace Donovan’s at UTC Office Campus

Red O, an upscale restaurant with Mexican-style cuisine led by celebrity chef Rick Bayless, plans a 2016 opening at Irvine Co.’s The Plaza office campus in University Towne Center.

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Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.

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Oceanside Residence Inn Hotel Getting $2 Million Renovation

Operators of Residence Inn San Diego Oceanside have begun a $2 million renovation of the 125-room property at 3603 Ocean Ranch Blvd. in Oceanside.

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Downtown San Diego Office Building Sells for $18.5 Million

Bosa Development of Vancouver, B.C., has acquired the downtown San Diego office building at 1620 Fifth Ave. for $18.5 million, according to the seller, locally based Douglas Wilson Cos.

CEO of SeaWorld to Step Down, Layoffs Planned

The CEO of SeaWorld Entertainment Inc. is stepping down from the post, as the parent company of SeaWorld San Diego embarks on plans to cut $50 million in costs amid dropping attendance at its 11 U.S. theme parks.

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SeaWorld CEO Stepping Down as Company Restructures

The CEO of SeaWorld Entertainment Inc. is stepping down from the post, as the parent company of SeaWorld San Diego embarks on plans to cut $50 million in costs amid dropping attendance at its 11 U.S. theme parks.

Cloud-Based Platforms Will Speed Project Management

Companies such as San Diego-based NoteVault Inc. have developed mobile-enabled technology that lets construction superintendents quickly and easily report commercial project activity from work sites, allowing for real-time updates or corrections to projects.

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