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.
BizAir Shuttle has ceased flight operations from Carlsbad’s McClellan-Palomar Airport to Los Angeles and Las Vegas, citing a lack of passenger demand since the services began in mid-June.
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.
San Diego-headquartered craft beer maker Green Flash Brewing Co. has named Chris Ross as its chief operating officer, as it continues to boost production and distribution. The appointment took effect on Sept. 1.
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.
TRANSPORT: Services Are Working With Venues and Hotels
Nearly 60,000 passengers have taken trips using mobile app-enabled ride-sharing services — Uber, Lyft and Opoli — to and from San Diego International Airport since operators started a pilot program permitting those transportation providers in early July.
TOURISM: Officials To Lay Groundwork For Expanded Center
San Diego Convention Center clients prefer contiguous expansion space, though the city would also benefit from new space that is noncontiguous, according to a consultant’s study.
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.
PROPERTY: Agency’s OK Leaves Ball in Federal Court
Developers overhauled the North Embarcadero promenade, converted a former police station into a retail and dining center, and replaced the former Lane Field ballpark with what by next year will be new hotels.