San Diego Business Journal

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Kensington Apartment Property Sold for $2.2 Million

Newkirk Family Trust of San Diego has acquired an eight-unit apartment property in the city’s Kensington neighborhood for $2.2 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Colliers International Group Inc.

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Green Flash Brewing: No Job Cuts Underway

Leaders of San Diego’s Green Flash Brewing Co. are not commenting on published reports that the craft beer maker has laid off as many as 25 employees.

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Oceanside Industrial Building Sells for $2 Million

A local buyer listed as J&H Oceanic Properties LLC has acquired an Oceanside industrial and manufacturing building for approximately $2 million, according to brokerage firm Lee & Associates.

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Herrmann Named GM of Downtown’s Marriott Marquis Hotel

Operators of downtown San Diego’s Marriott Marquis San Diego Marina have appointed Tim Herrmann as the new general manager, overseeing all operations of the 1,360-room hotel.

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Mayor Faulconer Proposes Hotel Tax Hike to Expand Convention Center

Mayor Kevin Faulconer has proposed increasing the city’s hotel room tax via a public ballot measure in 2018, to finance a long-sought expansion of the San Diego Convention Center.

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Ramona Apartment Complex Sells for $4 Million

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI) The seller of Santa Maria Creek Apartments, at 1606 Montecito Road, was listed as CGI 1 LP of San Diego.

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RAF Pacifica Group Buys San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

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Faulconer Proposes Hotel Tax Hike to Expand Convention Center

Mayor Kevin Faulconer has proposed increasing the city’s hotel room tax via a public ballot measure in 2018, to finance a long-sought expansion of the San Diego Convention Center.

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Ramona Apartment Complex Sells for $4M

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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RAF Pacifica Group Buys a San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

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