BREWING: Ballast Point, And Others Keep Growing
Few local beer makers had a growth ride on par with San Diego’s Ballast Point Brewing & Spirits during 2014.
PROPERTY: Retail Leasing Is on Development’s Agenda
With the political battles set aside at least for the moment, Kilroy Realty Corp. and its brokers are proceeding to fill retail and office spaces at the company’s controversial $750 million One Paseo mixed-use development in Carmel Valley.
The Apartment Co. of San Diego has acquired the 134-unit Clubhouse at Imperial Beach apartment community for $20.2 million, according to real estate services company HFF, which represented the seller.
Chatham Lodging Trust of Palm Beach, Fla., has purchased the 240-room Residence Inn San Diego Downtown hotel for $90 million, according to CoStar Group and public data.
San Diego County’s contracts for future construction rose 69 percent in January from a year ago, topping $301.6 million, according to the latest monthly figures from Dodge Data & Analytics.
San Diego-based developer Sudberry Properties recently completed and opened the first phase of its 612-unit West Park, a $100 million apartment project located at its larger Civita mixed-use development in Mission Valley.
San Diego-based BioMed Realty Trust Inc. has announced a realignment of its executive team, following the departure of company President and Chief Operating Officer Kent Griffin.
Buchanan Street Partners of Newport Beach has purchased a Carlsbad office building for $19.5 million, the company announced.
San Diego-based real estate services provider Trigild has been appointed receiver of Centerpointe, a $17.5 million office and industrial park in Landover, Md.
San Diego International Airport has opened Airspace Lounge, which operators said is the airport’s first and only common-use lounge.