The value of San Diego County’s contracts for future construction dropped 56 percent from a year ago in the first quarter of 2015, to just over $607.4 million, according to the latest data from Dodge Data & Analytics.
A buyer recorded as Sycamore Terrace Vista CA LLC has acquired the two-building Sycamore Terrace retail property in Vista, according to CoStar Group and public data.
A buyer recorded as PWI CDRS LP has purchased the Mission View Plaza office building in Mission Valley for $8.1 million, according to brokerage company Colliers International Inc.
Investor Paul Meardon of San Diego has acquired an office building near Pacific Beach for approximately $9.27 million, according to brokerage company Marcus & Millichap Inc.
BioMed Realty Trust Inc. reported revenue of $178 million for its first quarter ending March 31, up 5.3 percent from the same period of 2014.
An affiliate of John Hancock Life Insurance Co. has purchased a three-building portfolio of San Diego office buildings for $95 million, according to CoStar Group and public data.
Commercial brokerage and real estate services company Cushman & Wakefield Inc. has promoted Brunson Howard to the post of senior managing director and market leader for the San Diego region.
The February decision to approve the controversial One Paseo mixed-use development in Carmel Valley has boomeranged back to the San Diego City Council after a petition drive by opponents gathered enough signatures to have the project placed before voters, unless the council repeals its approval.
TOURISM: Facility Will Be Operated By Tour Company
A new waterfront San Diego Visitor Information Center, being operated by locally based Old Town Trolley Tours, recently held its grand opening. The center is at 996 N. Harbor Drive in downtown San Diego.
ECONOMY: 2 Airports Prepare for Bigger Roles
South and East County economic development groups are pressing ahead with efforts to turn two small local airports into big regional economic generators by creating the nation’s next “aerotropolis.”