San Diego Business Journal

Even Guests Help Hotels Save Water

TOURISM: From Linens To Landscaping, Cuts Made

Even if they’re not from California, guests at properties such as San Diego’s The US Grant hotel are increasingly willing to sacrifice in response to the state’s prolonged and severe drought, even if it just means forgoing fresh towels for a few days.

S.D., Tijuana Plan a Tourism Team Effort

TRAVEL: New Terminal Part Of Broader Binational Approach

San Diego and Tijuana tourism leaders are aiming to boost visitor counts to the combined region, capitalizing on a soon-to-be completed cross-border terminal that could open up new opportunities to greet international travelers.

Citigroup, Nixon Peabody Hired for Stadium Finance Talks

SPORTS: Firms Have Expertise Needed For Funding Proposal

The city of San Diego has hired investment banker Citigroup Inc. and law firm Nixon Peabody LLP to help local officials develop financing options for a potential new San Diego Chargers stadium.

Chula Vista Gets Help Telling Story of Its Planned Development

ECONOMY: Consultants Guide Quest for University And Innovation District

No schools are yet on board, but Chula Vista is counting on an improving economy and a proposed University and Innovation District to bring a long-sought educational campus and related research-focused business activity to the city.

S.D. to Be On TV as a Smart City

A segment featuring San Diego is scheduled to air at 8 a.m. on May 2 as part of a cable documentary series on National Geographic Channel called “World’s Smart Cities.”

Tease photo

San Marcos Industrial Building Sells for $2.1 Million

Utah Prime Properties Inc. of Los Angeles has acquired a San Marcos industrial building for $2.1 million, according to CoStar Group and public data.

Tease photo

Carmel Valley Office Building Purchased for $5.4 Million

CWC Income Properties 3 LLC, a San Diego-based private equity fund, has acquired a Carmel Valley office building for $5.4 million, according to the fund’s parent company.

Tease photo

Escondido Apartment Complex Sells for $6.6 Million

Urban Housing Communities LLC has purchased a 44-unit Escondido apartment complex for $6.6 million, according to broker ACI Apartments, which represented the sellers.

Tease photo

Three Auto Dealership Buildings Sell for $11.8 Million

An affiliate of Beverly Hills-based O’Gara Coach Co. has purchased three San Diego retail auto dealership buildings for a total of $11.8 million, according to CoStar Group and public data.

Tease photo

Otay Mesa Industrial Buildings Sold in $42.5 Million Deal

An affiliate of San Francisco-based Stockbridge Capital Group LLC has acquired a 14-building portfolio of Otay Mesa industrial properties for approximately $42.5 million, according to CoStar Group and public data.

Tease photo

Carlsbad Apartment Property Sold for $39.7 Million

An affiliate of Rancho Santa Fe-based Pacifica Real Estate Services Inc. has purchased the 66-unit BluWater Crossing apartment property in Carlsbad for $39.7 million, according to CoStar Group and public data.

Tease photo

Hughes Marino Opens 2 Northern California Offices

Hughes Marino, a San Diego-based commercial real estate services provider, has opened two new offices in Northern California and announced an expansion and relocation of one of its Los Angeles offices.

Tease photo

Hilton Carlsbad Oceanfront Resort Rebranded as Cape Rey

Hilton Carlsbad Oceanfront Resort & Spa is being rebranded and will officially operate as Cape Rey as of April 30.

Tease photo

Otay Mesa Industrial Building Sold for $6.5 Million

An entity recorded as Stockbridge San Diego Indl Ll has acquired an Otay Mesa industrial property for $6.5 million, according to CoStar Group and public data.

Tease photo

Vista Industrial Property Sells for $5.9 Million

Nordic Naturals Inc. of Watsonville has purchased a Vista industrial building for approximately $5.9 million, according to CoStar Group and public data.

San Diego Hires Citigroup, Nixon Peabody for Stadium Finance Talks

The city of San Diego has hired investment banker Citigroup Inc. and law firm Nixon Peabody LLP to help local officials develop financing options for a potential new San Diego Chargers stadium.

Tease photo

San Diego Ranks Fifth in National Retail Market Report

San Diego placed fifth in the latest annual report by commercial real estate services provider Marcus & Millichap Inc., ranking the nation’s strongest retail property markets.

Tease photo

Wood Ranch BBQ to Debut Locally in Mission Valley

Wood Ranch BBQ & Grill has a mid-May opening planned for its new restaurant at 7510 Hazard Center Drive, Suite 215 in Mission Valley.

Tease photo

Patio Restaurant Group Expands to Petco Park

Petco Park is the latest expansion site for San Diego-based The Patio Restaurant Group, led by local entrepreneur Gina Champion-Cain.

Mission Beach’s Belmont Park Gets Renegotiated Lease on Life

PROPERTY: Long-term Deal Has Owners Planning Number of Improvements

A renegotiated lease on Belmont Park at Mission Beach will bring nearly $70 million to the city of San Diego over the next 23 years.

S.D.’s Ranking as Tech Talent Market Shows Strengths, Flaws

ECONOMY: Growing Millennial Population Could Be Key Resource

San Diego ranks 17th in the nation among major markets for its ability to attract and grow technology-focused employment talent, according to a new report from commercial brokerage company CBRE Group Inc. The report says tech industry clustering remains the biggest driver of office space demand in the U.S. and the local region.

Blackstone Acquiring Excel Trust Inc. in $2 Billion Purchase

REAL ESTATE: Deal Is All-Cash Transaction, Should Close In 2015

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.

Tease photo

Patio Restaurant Group Sees How Locally Sourced Menu Plays at Petco Park

Petco Park is the latest expansion site for San Diego-based The Patio Restaurant Group, led by local entrepreneur Gina Champion-Cain.

Tease photo

Wood Ranch BBQ Debuting First Local Restaurant in Mission Valley

Wood Ranch BBQ & Grill has a mid-May opening planned for its new restaurant at 7510 Hazard Center Drive, Suite 215 in Mission Valley.

Tease photo

National Retail Market Report Ranks San Diego Fifth

San Diego placed fifth in the latest annual report by commercial real estate services provider Marcus & Millichap Inc., ranking the nation’s strongest retail property markets.

Tease photo

National Geographic Documentary Series Spotlights San Diego

A segment featuring San Diego is scheduled to air at 8 a.m. April 25 and May 2, as part of a cable documentary series on National Geographic Channel called “World’s Smart Cities.”

Tease photo

Santa Barbara Firm Buys Apartment Listing Services Provider RentLinx

San Diego-headquartered RentLinx LLC, which syndicates rental listings to apartment search websites, has been acquired by AppFolio Inc., a Santa Barbara- based provider of cloud-based business management software. Financial terms were not disclosed.

Tease photo

Rancho Bernardo Industrial Property Sells for $10.5 Million

Seven C’s Group LLC has purchased Via Frontera Business Park, a two-building industrial property in Rancho Bernardo, for $10.5 million, according to Colliers International, which represented the seller.

Tease photo

McDonald’s to Test All-Day Breakfast in San Diego County

McDonald’s Corp. on April 20 will begin a test of all-day breakfast item sales at 94 of its 110 San Diego County restaurants.

Tease photo

San Marcos Retail Center Sold for $14.35 Million

Costa Mesa-based Webb Management & Investments has acquired a four-building shopping center property in San Marcos for $14.35 million, according to CoStar Group and public data.

Tease photo

La Casa del Zorro Getting $3 Million in Solar Upgrades

La Casa del Zorro in Borrego Springs has completed a $150,000 “solar farm,” the first of two projects totaling more than $3 million aimed at making the resort more energy-independent and eco-friendly.

Tease photo

Retail-Office Building at Liberty Station Sells for $5.2 Million

Tower Investments LLC has purchased a multi-tenant retail and office building at Liberty Station in Point Loma for $5.2 million, according to Voit Real Estate Services, which represented the seller.

Three Local Firms Make Top 50 in Apartment Industry Rankings

Three San Diego-headquartered firms ranked among the top 50 U.S. companies in three industry categories tracked in a recent annual report by the National Multifamily Housing Council, an apartment industry trade group based in Washington, D.C.

Tease photo

Blackstone to Acquire San Diego's Excel Trust in $2 Billion Deal

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.

Tease photo

Three Local Nursing Facilities Are Part of $80 Million Portfolio Deal

MedEquities Realty Trust Inc. of Nashville, Tenn., has purchased a portfolio of buildings housing four skilled-nursing facilities, including three in San Diego County, for $80 million, according to CoStar Group and public data.

Distilled Spirits Could Follow in Footsteps of Craft Beer Cluster

BEVERAGES: Changing Distribution Law Would Help Open the Path

A very small batch of San Diego’s craft beer brewers are making early headway in the ultra-competitive market for distilled spirits, which last year racked up $23.1 billion in U.S. sales, according to industry reports.

Tease photo

Case for Cans

CRAFT BREWERIES: Some Craft Brewers Are Open to Change as New Techniques Help Cans Hold Their Own Versus Bottles

The hum of canning lines at Mike Hess Brewing Co. in North Park is a sound that remains relatively rare in the world of San Diego County’s 100-plus craft beer makers.

Tease photo

Glass-Walled Ballrooms Highlight Marriott’s $206 Million Makeover

HOSPITALITY: Hotel Will Offer Most Event Space on West Coast

Owner Host Hotels & Resorts Inc. recently began work on the second phase of a $206 million makeover of its Marriott Marquis San Diego Marina, an 80,000-square-foot events facility that also includes an adjacent Marina Walk, the latest in a series of new public elements transforming the face of the downtown waterfront.

Green Flash Debuting New Tasting Room

San Diego-based Green Flash Brewing Co. plans a May 16 opening for Cellar 3, a new tasting room and specialty brewing facility that it will operate in Poway.

Tease photo

Rady $100M Gift For Best, Brightest

EDUCATION: UCSD School To Pursue Top Faculty, Students

Local philanthropists Ernest and Evelyn Rady have committed $100 million to the Rady School of Management at the University of California, San Diego, a long-term gift deemed crucial for competing with older and well-established business schools for top students and faculty.

Tease photo

Three Local Nursing Facilities Part of $80 Million Portfolio Deal

MedEquities Realty Trust Inc. of Nashville, Tenn., has purchased a portfolio of buildings housing four skilled-nursing facilities, including three in San Diego County, for $80 million, according to CoStar Group and public data.

Tease photo

Blackstone Acquiring Excel Trust for $2 Billion

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.

Tease photo

$3.7 Million Land Lease Clears Way for Car Wash, 7-Eleven

Car-wash operator Washman LLC and property owner Sunshine Finance Corp. have completed a $3.7 million land lease agreement for a San Diego property where convenience retailer 7-Eleven also plans to open a new store, according to Voit Real Estate Services.

Tease photo

Green Flash Debuting New Tasting Room at Poway Facility

San Diego-based Green Flash Brewing Co. plans a May 16 opening for Cellar 3, a new tasting room and specialty brewing facility that it will operate in Poway.

Tease photo

Scripps Ranch Office Building Sells for $2.45 Million

BKC Commercial Properties LLC has purchased a Scripps Ranch office and retail building for $2.45 million, according to CoStar Group and public data.

Two Lawsuits Filed Over One Paseo Project

Three community groups and a competing shopping center owner have filed separate lawsuits aimed at blocking the controversial One Paseo mixed-use development in Carmel Valley, proposed by Kilroy Realty Corp. and recently approved by San Diego City Council.

Tease photo

Doubletree Hotel in Mission Valley Sells for $49.2 Million

An affiliate of Los Angeles-based Oak Coast Properties LLC has acquired the 219-room Doubletree San Diego-Hotel Circle in Mission Valley for approximately $49.2 million, according to CoStar Group and public data.

Tease photo

Poway Industrial Building Sold for $7.75 Million

A buyer recorded as 12460 Kirkham LLC has acquired a Poway industrial building for $7.75 million, according to brokerage company Pacific Coast Commercial, which represented the buyer.

New Owner Closes Several Coco’s, Carrows Restaurants, Lays Off 100 Workers

The new owner of Carlsbad-headquartered Catalina Restaurant Group has closed an undisclosed number of Coco’s Bakery and Carrows restaurants, citing lagging sales performance.

Tease photo

Rady Foundation Commits $100 Million to UC San Diego Management School

Local philanthropists Ernest and Evelyn Rady have committed $100 million to Rady School of Management at University of California San Diego, to help the school recruit and retain faculty and support other strategic priorities.

Prev

Page of .