San Diego Business Journal

Tease photo

Brand USA Tourism Agency Shoots Promo Spots in San Diego

San Diego County sites were on the itinerary for a recent series of video shoots by Brand USA, a nationwide public-private partnership that promotes global tourism in the United States.

Tease photo

Bankers Hill Site of Planned Condos Sells for $12.15 Million

An affiliate of San Diego development firm Zephyr Partners has acquired a Bankers Hill land parcel for $12.15 million, with plans to develop an upscale high-rise condominium project, according to brokerage company Colliers International, which represented the seller.

Tease photo

Rexford Buys Miramar Industrial Buildings for $18.4 Million

Los Angeles-based Rexford Industrial Realty Inc. has purchased a complex of five Miramar industrial buildings for $18.4 million, according to CoStar Group and public data.

Tease photo

Wisconsin Terrace Apartments in El Cajon Sold for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

Tease photo

University City to be Home of Newest Coffee Bean

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

Federal Agencies Are Leaving Downtown Office Building

The upcoming exit by the U.S. General Services Administration from a downtown San Diego office tower could be cause for at least some temporary nervousness for the building’s owners and investors.

Tease photo

Building Pressure

With New Construction Sluggish, Improving Economy Leads to Absorption, Higher Rents

Health care and education not only continued to fuel much of the San Diego region’s innovation economy in 2014, but they also were the primary drivers of big new construction projects.

Tease photo

Westcore Buys Industrial Facility at March Air Base for $17 Million

Westcore Properties of San Diego has purchased a ground and air industrial building on property of March Air Reserve Base near Riverside for $17 million.

Demand, Demographics Slowly Driving Up Apartment Supply

HOUSING: Developers Creatively Repurpose Sites, Pursue Mixed-Use

When it comes to building apartments in a high-demand, tight-supply market, there are few infill properties in older neighborhoods that go unused in the San Diego region.

Tease photo

Fresh Face

RETAIL: Haggen Is Making Big Entrance To Local Grocery Scene

Starting in early March, shoppers will have yet one more player vying for their dollars and loyalty in the already crowded San Diego County grocery game.

Tease photo

San Diego Medical Office Building Sells for $3.45 Million

Activity MOB LLC, an affiliate of Oasis Medical Center of San Diego, has acquired a Miramar office property for $3.45 million, according to Voit Real Estate Services, which represented the seller.

Tease photo

El Cajon Apartment Property Sells for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

Tease photo

Coffee Bean Opening New Café in University City

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

Tease photo

Three Local Properties Part of $482 Million Apartment Portfolio Deal

Three San Diego County properties are part of a 14-property apartment portfolio acquired by Los Angeles-based TruAmerica Multifamily for approximately $482 million.

Tease photo

Oceanside Industrial Park Acquired for $7.5 Million

Investment firm SR Commercial of Solana Beach has purchased the five-building Oceanside Commerce Center industrial park in Oceanside for $7.5 million.

Tease photo

Hilton San Diego Bayfront Ranks Among Top U.S. Meeting Hotels

Downtown’s Hilton San Diego Bayfront hotel placed sixth in a recent national ranking of the nation’s top 100 group-meeting hotels by event management technology provider Cvent Inc.

Tease photo

Hillcrest Apartment Property Sells for $10.6 Million

A buyer recorded as 25316 Malibu Road LLC has purchased the 54-unit Georgia Regency Apartments in San Diego’s Hillcrest neighborhood for approximately $10.6 million, according to ACRE Investment Real Estate Services, which represented the buyer.

San Diego Firm Buys Retail Property Near Atlanta for $6.4 Million

PREF Glenridge LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has purchased the retail portion of the mixed-use Glenridge Springs residential development near Atlanta for $6.4 million.

Tease photo

Kearny Mesa Office Property Sells for $43.5 Million

T-C Copley LLC, an affiliate of New York-based pension fund TIAA-CREF, has purchased the Copley Corporate Center office property in Kearny Mesa for $43.5 million, according to CoStar Group and public data.

Tease photo

RCB Ranch Acquires La Jolla Retail Properties for $26.5M

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

Self-Serve Passport Kiosks Introduced at San Diego Airport

San Diego International Airport has introduced new automated passport control kiosks, which officials said will expedite the re-entry process for U.S., Canadian and other international travelers eligible under the visa waiver program.

Tease photo

Tuscany Ridge Apartments Sold to MG Properties Group

MG Properties Group of San Diego has acquired the 220-unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor.

Supreme Court Declines Convention Center Case

LEGAL: Lawsuit By Company Claimed Antitrust Violations

The U.S. Supreme Court has declined to review an August lower-court ruling favoring the San Diego Convention Center in an antitrust lawsuit brought against center operators.

New Players Shaping Commercial Real Estate

PROPERTY: DTZ, Cassidy Turley Merge Complementary Skill Sets

Pushed by national and global forces, San Diego’s maturing commercial real estate brokerage industry continues to evolve, with the DTZ brand making its first appearance in the local market following that company’s recent merger with Cassidy Turley.

Tease photo

High Hopes

TOURISM: Ferris Wheel Proposals May Face an Uphill Battle

Three development groups each want to put a towering Ferris wheel on downtown San Diego’s waterfront, but the contentious history of projects in that neighborhood suggests the odds are stacked against any of the proposals coming to fruition anytime soon.

Tease photo

La Jolla Retail Buildings Sold for $26.5 Million

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

Tease photo

MG Properties Buys Temecula Apartments for $38.8 Million

MG Properties Group of San Diego has acquired the 220-unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor.

San Diego Airport Gets Automated Passport Control Kiosks

San Diego International Airport has introduced new automated passport control kiosks, which officials said will expedite the re-entry process for U.S., Canadian and other international travelers eligible under the visa waiver program.

Tease photo

Old Town Building Housing Charter School Sells for $4.85 Million

CRI Old Town LP has purchased a San Diego office building occupied by Old Town Academy Charter School for $4.85 million, according to brokerage company Colliers International, which represented the seller.

Tease photo

LaSalle Joins IDEA1 Development Venture in East Village

Chicago-based LaSalle Investment Management has joined the development venture working on the previously announced, $90 million IDEA1 mixed-use development in downtown San Diego’s East Village.

Supreme Court Declines to Hear Convention Center Antitrust Case

The U.S. Supreme Court has declined to review an August lower-court ruling favoring the San Diego Convention Center in an antitrust lawsuit brought against center operators.

Tease photo

Renovation to Follow $6.5 Million Purchase of Carmel Mountain Ranch Property

Chicago-based investment firm Singerman Real Estate LLC has teamed with Hill Properties of La Jolla to acquire a Carmel Mountain Ranch office and industrial property for $6.5 million.

Tease photo

Capstone Advisors Acquires Costa Rica Land for Luxury Development

Capstone Advisors, a Carlsbad-based real estate investment and development firm, has purchased a 479-acre land parcel in Costa Rica, with plans for a $40 million first-phase hotel and luxury residential project.

Tease photo

Downtown’s First Allied Plaza Tower Sold for $156.8 Million

The San Francisco office of MetLife Inc. has purchased the First Allied Plaza office tower in downtown San Diego for approximately $156.8 million, according to CoStar Group and public data.

Tease photo

W Hotel Owners Obtain $31.2 Million in Refinancing

Owners of the W Hotel in downtown San Diego have obtained $31.2 million in senior loan refinancing, according to Los Angeles-based real estate investment services firm PCCP LLC, which provided the financing.

Tease photo

Point Loma Retail Center Sells for $7.4 Million

San Diego-based Investcal Realty Corp. has purchased the Shelter Island Village retail center in Point Loma for $7.4 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

Tease photo

Brokerage Firm Kidder Mathews Opens San Diego Office

Commercial real estate brokerage company Kidder Mathews has opened a new office in San Diego, the first in Southern California for the Seattle-based company.

Tease photo

Initial Concrete Pours Completed on Central Courthouse Project

Initial concrete pours were recently completed for the new $555 million downtown San Diego Central Courthouse, according to the local office of general contractor Rudolph and Sletten.

Tease photo

Four Apartment Properties in Park West Sold for $6 Million

Investor Dan Floit of San Diego has purchased four apartment properties in the city’s Park West neighborhood for $6 million, according to CoStar Group and public data.

Tease photo

Office Building Near Mission Bay Sells for $3M

JWJ Properties One LLC of San Diego has purchased an office building near Mission Bay for $3 million, according to brokerage company Colliers International, which represented the seller.

Tease photo

San Diego Retail Building Brings $2.46 Million

Andrew Gray Trust of San Diego has purchased a multitenant retail building in the city’s Morena neighborhood for $2.46 million, according to brokerage company Lee & Associates, which represented the seller.

Tease photo

Charter School Operator Buys a Poway Property for $2.35M

Charter school operator Element Education Inc. of Escondido has purchased a commercial daycare center building in Poway for $2.35 million, according to brokerage company Pacific Coast Commercial, which represented the buyer.

Second Boutique Hotel Likely for Imperial Beach Coastal Location

For years, the city of Imperial Beach struggled to capture the attention of upscale hotel developers and beach visitors more focused on places like Coronado, La Jolla and Del Mar. Now it appears that conditions are lining up for the city to get its second boutique hotel along Seacoast Drive.

Tease photo

Local Firms Get Dibs at Car Rental Center

SMALL BIZ: New Site Is Looking to Fill Various Service Roles

As construction on a $316 million rental car center reaches the midpoint at San Diego International Airport, officials are giving local and small businesses the chance to provide vital operating services once the facility is up and running in 2016.

Tease photo

Charter School Operator Buys Poway Property for $2.35 Million

Charter school operator Element Education Inc. of Escondido has purchased a commercial daycare center building in Poway for $2.35 million, according to brokerage company Pacific Coast Commercial, which represented the buyer.

Tease photo

A Shot In the Arm

TOURISM: Doctor Groups Driving Convention Business

San Diego Convention Center officials say the facility should continue to benefit from a post-recession uptick in corporate meetings during 2015, particularly from medical groups, even as questions linger regarding how to expand the center to meet expected long-term growth in demand for space.

Tease photo

San Diego Retail Building Acquired for $2.46 Million

Andrew Gray Trust of San Diego has purchased a multi-tenant retail building in the city’s Morena neighborhood for $2.46 million, according to brokerage company Lee & Associates, which represented the seller.

Tease photo

Office Building Near Mission Bay Sold for $3 Million

JWJ Properties One LLC of San Diego has purchased an office building near Mission Bay for $3 million, according to brokerage company Colliers International, which represented the seller.

Tease photo

Joint Venture Buys Vista Apartment Property for $86.2 Million

Los Angeles-based TruAmerica Multifamily and joint venture partner Investcorp of New York announced their purchase of the 456-unit Waterleaf Apartments in Vista for $86.2 million, in an off-market transaction.

Tease photo

Vista Retail Center Sells for $10.2 Million

Gershman Properties of Los Angeles has acquired the Breeze Hill Plaza retail center in Vista for approximately $10.2 million, according to retail property advisory firm Faris Lee Investments, which represented the seller.

Prev