San Diego’s Ballast Point Brewing & Spirits will invest $47.8 million to establish East Coast brewing operations in suburban Roanoke, Va., the Virginia governor’s office announced.
SeaWorld San Diego placed 14th among North American theme parks in 2015, but was the only venue among the top 20 to see attendance drop in 2015, according to the latest annual visitor report from the Themed Entertainment Association and consulting firm AECOM.
The Oakland-based Regents of the University of California, which oversees the statewide public university system that includes UC San Diego, has acquired a five-building office campus at Torrey Pines for approximately $134.1 million, according to CoStar Group and public data.
Burke Real Estate Group of Costa Mesa has purchased a 3.1-acre land parcel in Carlsbad for $2.9 million, with plans to develop a two-story creative office building, according to brokerage firm CBRE Group Inc.
Irvine Company’s office property division has opened its new three-story Eastgate Summit at University Towne Center, and has construction underway on a nearby building called Eastgate Terrace. The projects represent a total investment of more than $50 million by the Newport Beach-based company.
Fowler Property Acquisitions LLC of Newport Beach has acquired Hotel Metro, in downtown San Diego’s East Village, for $6.1 million. Plans call for redeveloping the property into market-rate studio apartments, according to brokerage firm CBRE Group Inc.
PROPERTY: Offices Under Construction Are Already Leased
Rising demand for care services, along with limited new construction in high-demand submarkets, continue to make San Diego County a friendly place for owners of medical office buildings.
SPORT: Convadium Backers’ Game Plan Is to Rally Fans
Organizers of a boycott targeting three San Diego hotel companies acknowledge they face an uphill task turning football fan sentiment into tangible business and political clout in upcoming ballot campaigns focused on the potential development of a hybrid $1.8 billion stadium and convention facility that would be financed largely through hotel tax increases.
PROPERTY: Retail Rents Are High as Vacancies Are Low
A continued influx of tourists and new residents is expected to keep San Diego County retail space in tight supply as rents continue to rise this year at the most coveted locations, according to a newly released report by the brokerage firm Marcus & Millichap.
Santa Margarita Properties I LLC, operating in San Diego and Laguna Hills, has purchased a six-unit apartment complex in Pacific Beach for approximately $2.39 million, according to brokerage firm Apartment Consultants Inc. (ACI).