San Diego Business Journal

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Region Gets New Purveyors of Pizza, Coffee, Juice and Shoes

Stella Public House and Halcyon, described as “sister restaurant” concepts by Austin-based investment group Zebo, will be among the next arrivals in the already buzzing culinary scene of downtown San Diego’s East Village.

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ROIC Reports 50 Percent Rise in Third Quarter Revenue

Total revenue at Retail Opportunity Investments Corp. rose 50 percent from a year ago in the third quarter ending Sept. 30, reaching $40.9 million, officials of the San Diego-based company reported.

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Excel Trust Sees 4.5 Percent Revenue Increase in Third Quarter

San Diego-based Excel Trust Inc. posted a 4.5 percent gain from a year ago in total revenue for its third quarter ending Sept. 30, reaching $30.2 million.

Academy Gives the I.D.E.A. District Its E: Education Component

It’s looking like the education component will make the first big impact in downtown San Diego’s long-discussed I.D.E.A. District — a mixed-use conversion of a rundown East Village neighborhood into what’s been envisioned as a lively hub for innovation, design, education and the arts.

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Douglas Wilson Cos. Among Firms Planning $200 Million Mixed-Use Arizona Project

A partnership that includes San Diego-based Douglas Wilson Cos. has acquired a property in Tempe, Ariz., for approximately $16.8 million, with plans to develop a $200 million, mixed-used project that includes a hotel and office tower.

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Third-Quarter Revenue Rises 6 Percent at BioMed Realty Trust

San Diego-based BioMed Realty Trust Inc. saw total revenue rise 6 percent from a year ago in its third quarter ending Sept. 30, reaching $168.9 million, with rental revenue for the period hitting a company record $122.8 million.

Apartments Planned at San Diego Site Acquired for $3.5 Million

Rize Eagles LLC has purchased a 1.8-acre parcel in San Diego’s College area for $3.5 million, with plans to develop a new apartment community, according to brokerage company Colliers International.

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Wermers Completes $6.5 Million Kensington Apartment Project

San Diego-based Wermers Multi-Family Corp. recently completed construction of Kensington Commons, a 34-unit apartment project on Adams Avenue in the city’s Kensington neighborhood.

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Realty Income Reports Third-Quarter Gains in Revenue, Income

Realty Income Corp. posted a 16.6 percent gain in revenue from a year ago and a 40.8 percent rise in net income available to common stockholders for its third quarter ending Sept. 30.

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County Construction Contracts Up 30 Percent in First 9 Months

San Diego County’s contracts for future construction rose 30 percent in value for the first nine months of 2014 compared with the same year-ago period, topping $3.2 billion, according to the latest data from McGraw Hill Construction.

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