San Diego Business Journal

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Realty Income Closes on New $2.25 Billion Credit Facility

San Diego-based Realty Income Corp. has closed on a new $2.25 billion unsecured credit facility, to replace a previous $1.5 billion unsecured credit facility.

Hotel Deals Are Going Strong as Sector Continues to Prosper

A strong hospitality climate is keeping hotel properties high on the list of big San Diego County deals so far in 2015.

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Quarry Sites Eyed By Developers for Mixed-Use Projects

PROPERTY: Proposal In Mira Mesa Is for a 293-Acre Development

The process is relatively slow due to necessary environmental reviews, but former quarry properties — used for decades to mine materials for the region’s past construction projects — are gradually shaping up as potential sites for future new neighborhoods and mixed-use developments.

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Comic-Con Staying in San Diego Through 2018

Comic-Con International, the pop-culture mega-event that annually brings 130,000 people to the San Diego Convention Center, will be staying in San Diego through 2018, organizers and city officials announced.

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Architects Named for $250 Million Downtown Project

Zephyr Partners recently named the lead building design and landscape architects for The Block, a $250 million downtown mixed-use project announced last year by the San Diego-based developer.

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Office Tower at Aventine Sells for $150 Million

An affiliate of Boston-based Rockpoint Group LLC has purchased the Aventine office building in La Jolla for approximately $150 million, according to CoStar Group and public data.

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Vintage Sign Removed for Renovation of Hotel Churchill

Workers recently removed a 1940s-era neon sign from atop the historic Hotel Churchill in downtown San Diego, which is being converted into affordable apartments in a $20.5 million renovation by the San Diego Housing Commission.

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KB Home Buys El Cajon Land for $6.43 Million

Housing developer KB Home of Los Angeles has acquired a 5.47-acre land parcel in El Cajon for $6.43 million, according to commercial brokerage company Colliers International.

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Three Local Construction Management Firms Make ENR’s Top 100

Three San Diego-based companies made the latest annual list of the nation’s 100 largest construction management firms based on 2014 revenue, published recently by the industry magazine Engineering News-Record (ENR).

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Carlsbad Office Property Sold for $23.9 Million

Brookwood Financial Partners of Beverly, Mass., has purchased the Carlsbad Executive Plaza office property for $23.9 million, according to brokerage company DTZ.

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