Real Estate/retail: REITs Move Up List of Largest Local Public Cos.
San Diego’s PriceSmart Inc. is among several of the region’s large public companies paying close attention to the performance of consumer retail markets.
Nordstrom Inc. plans to relocate its full-line department store in University Towne Center to a new space within the Westfield UTC mall, with a new two-level store expected to open in 2017.
Hanks Group Inc. of Alhambra has purchased four retail condo units in La Jolla for $2.5 million, according to CoStar Group and public data.
BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.
Rocklin-based Auburn Manor Holding Corp. has purchased Chase Care Center, a skilled-nursing healthcare facility in El Cajon, for $7.5 million, according to CoStar Group and public data.
Central Data Services Inc. of San Diego has purchased a Kearny Mesa office building, known as Convoy Business Center, for $3.84 million, according to CoStar Group and public data.
An affiliate of San Diego-based Genstar Development Co., recorded as GDCI Proctor Valley LP, has purchased 1,140 acres of residential land in Chula Vista for approximately $37.1 million, according to CoStar Group and public data.
HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.
Work on the drywall portion of the $150 million, 45-story Pinnacle Towers apartment project in downtown San Diego has been stopped, after the California Contractors State License Board determined that a subcontractor was not properly licensed in the state.
A & D General Contracting Inc. of Santee recently completed a new $12 million armory building at Marine Corps Base Camp Pendleton near Oceanside.