San Diego Business Journal

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Carl DeMaio Pushes Plan for Privately Funded Stadium

A group that includes former San Diego City Councilman and mayoral candidate Carl DeMaio has put forward a proposal that it says could fund a new multi-use San Diego Chargers stadium with event facilities without tax increases or other public funding.

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Expanding Law Firm Buys La Jolla Building for $4.75M

Locally headquartered law firm Tyson & Mendes LLP has purchased a La Jolla building for $4.75 million, as the multi-state firm expands its San Diego offices, the buyer announced.

Nordstrom Closing Store at Horton Plaza

Retailer Nordstrom Inc. plans to close its department store at downtown San Diego’s Westfield Horton Plaza mall on Aug. 26, the Seattle-based retailer announced.

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New Carlsbad Industrial Buildings Planned After $15M Land Buy

San Diego-based developer RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.

CBRE Forms New Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

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Cushman & Wakefield Names New Brokerage Director in San Diego

Commercial real estate services firm Cushman & Wakefield has named Nick Di Paolo as its director of brokerage in San Diego, overseeing all brokerage lines including five local offices and approximately 90 brokers.

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Guild Mortgage Signs $10M Lease for Local Headquarters Expansion

San Diego-based Guild Mortgage Co. has signed a 10-year lease for 40,000 square feet valued at approximately $10 million, as it expands its headquarters in Kearny Mesa, according to local commercial brokers.

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Illumina Honors Its CEO Flatley

Medtech giant Illumina Inc. dedicated a research and development building on its campus to its longtime CEO Jay Flatley.

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City Obtaining $25.5M State Loan for Convention Center Repairs

TOURISM: Plans Include $18M Upgrade To Sails Pavilion

The San Diego City Council has approved plans for the city to obtain a state loan of up to $25.5 million for repairs to the San Diego Convention Center, including replacement of the facility’s iconic but fraying Sails Pavilion roof structure.

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Resorts, Hotels Increasingly Must Provide Broader Experiences

TOURISM: Wide Range Of Guests Look to Delve Into Community, Culture

Hotel and resort developers must adjust to a world where there is no longer a “one site fits all” destination for family vacations and retirement living.

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