San Diego Business Journal

Tease photo

Work Begins on $28 Million Science Building at Point Loma Nazarene

General contractor Rudolph and Sletten Inc. has begun site work for a new $28 million science building at Point Loma Nazarene University, with demolition of existing buildings underway on the San Diego campus.

Tease photo

Encinitas Restaurant Building Sells for $6.5 Million

PS2 Pacific LLC of Solana Beach has purchased a vacant beachfront restaurant building in Encinitas for $6.5 million, according to CoStar Group and public data.

Tease photo

Searsucker to Open First Venue in Los Angeles Market

San Diego celebrity chef and restaurateur Brian Malarkey plans to open a new location of Searsucker in Santa Monica this winter, making it the restaurant’s first in the Los Angeles area.

Tease photo

R.A. Rauch to Manage and Market Keating Hotel in Gaslamp Quarter

R.A. Rauch & Associates, a San Diego-based hospitality management and consulting firm, has entered into a partnership with locally headquartered Gotham Management, in which R.A. Rauch will manage and market Gotham’s Keating Hotel in the Gaslamp Quarter.

Clothing Retailer H&M Opening Store in El Cajon

Fashion retailer H&M plans to open its newest local store this fall at the Parkway Plaza mall in El Cajon. It will be the sixth San Diego County store for the Sweden-based company, also known as Hennes & Mauritz.

Tease photo

San Diego Places Fifth Among U.S. Meeting Destinations

San Diego placed fifth on the latest list of the nation’s top 50 meeting and event destinations, published by event management technology provider Cvent Inc.

Tease photo

Pathfinder Partners Buys Vista Retail Center for $7.35 Million

San Diego-based Pathfinder Partners LLC has purchased Breeze Hill Promenade, a three-building retail center in Vista, for $7.35 million, according to CoStar Group and public data.

Tease photo

Two San Diego Apartment Properties Get New Owners

Del Coronado Villas LLC of Del Mar has acquired the 24-unit Coronado Villa Apartments in San Diego for $5.7 million.

Tease photo

SR Commercial Buys Miramar Property Portfolio for $40 Million

Investment firm SR Commercial of Solana Beach has purchased a portfolio of 17 Miramar industrial and office buildings for $40 million, according to CoStar Group and public data.

San Diego City Council Overrides Veto of Minimum Wage Hike

San Diego City Council has voted 6-2 to override Mayor Kevin Faulconer’s veto of a measure to raise the city’s minimum wage to $11.50 an hour by 2017.

Tease photo

Oceanside Medical Office Building, Adjacent Lot Sold for $5.9 Million

Trollman Properties LLC of San Diego has purchased Oceanview Plaza, a medical office building in Oceanside, for approximately $5.9 million.

Tease photo

SeaWorld to Double the Size of Orca Enclosure at San Diego Park

Florida-based SeaWorld Entertainment Inc. plans to nearly double the size of the killer whale enclosure at SeaWorld San Diego, part of a multimillion-dollar effort to address controversies and resulting business damage tied to concerns over its treatment of performing orcas.

Tease photo

Mark Riedy Retiring as Director of USD’s Burnham-Moores Center

Mark Riedy has announced his retirement as executive director of the Burnham-Moores Center for Real Estate at University of San Diego, with plans to leave the position in January.

Whistleblower Laws Call for Sound, Clearly Defined Policies

LAW: Proliferation of Lawsuits Emphasizes Scope of the Problem

A tidal wave of new lawsuits claiming retaliation against so-called whistleblowers has been hitting business owners in recent years.

Tease photo

Mark Riedy to Retire as Director of USD’s Burnham-Moores Center

Mark Riedy has announced his retirement as executive director of the Burnham-Moores Center for Real Estate at University of San Diego, with plans to leave the position in January.

Tease photo

‘Field Goal’ Linked To Convention Center

TOURISM: 2 Proposals By JMI Include Chargers’ Stadium

The developer of Petco Park has joined the convention center fray with its own proposals for a downtown facility that could double as convention space and a new home for the San Diego Chargers, as city officials weigh their options to salvage the existing $520 million plan to expand the convention center.

Tease photo

‘Tactical Urbanism’ Taking Hold in San Diego

Development: Concept Bringing Vacant Lots to Life

Slowly but noticeably, “tactical urbanism” is playing out in San Diego and other large cities where young people are flocking to high-density core neighborhoods in search of their desired quality of life.

Tease photo

Fresh Start

RETAIL: Amazon’s New Delivery Service Gives Local Food a Lift

With retail giant Amazon.com Inc. now delivering goods to many of its loyal customers, San Diego-based Venissimo Cheese Inc. doesn’t need to depend solely on walk-in customers craving gourmet items such as the fresh goudas, cheddars and prosciuttos sold in its local stores.

Tease photo

SeaWorld Doubling Size of Orca Enclosure at San Diego Park

Florida-based SeaWorld Entertainment Inc. plans to nearly double the size of the killer whale enclosure at SeaWorld San Diego, part of a multimillion-dollar effort to address controversies and resulting business damage tied to concerns over its treatment of performing orcas.

Tease photo

Rita’s Italian Ice Joining Menu at Petco Park

Rita’s GP LLC, the San Diego-based area franchise developer for Rita’s Italian Ice, has reached an agreement with ballpark operators to begin selling the company’s ices and custards at Petco Park starting in late August.

Tease photo

Iron Fist Brewing, Mariscos Coming to Mercado Del Barrio

Vista-based Iron Fist Brewing Co. and San Diego seafood restaurant Mariscos El Pulpo have joined the roster of commercial offerings at Mercado Del Barrio, a mixed-use development in Barrio Logan.

Tease photo

Carlsbad Industrial Building Sells for $16.35 Million

Regent Properties of Los Angeles has acquired the Research Center Pointe industrial building in Carlsbad for $16.35 million, according to brokerage company Cassidy Turley, which represented the buyer and seller.

Tease photo

Encinitas Building Housing GoPro Sells for $8 Million

Covey Cardiff Properties LLC of Glendale has purchased an office building in Encinitas, housing local operations of high-tech digital camera maker GoPro Inc., for approximately $8 million, according to CoStar Group and public data.

Tease photo

Landmark Completes $39 Million FBO Facility at San Diego International

Facility includes a 19,000-square-foot terminal.

Tease photo

Moss Adams Signs $9.47 Million Lease; Moving to UTC

The accounting firm is moving to La Jolla Commons Tower I.

Tease photo

Suffolk Completes $13 Million Family Health Center

The opening of the 23,000-square-foot medical office building was celebrated with a public event.

Tease photo

Escondido Industrial Properties Sold for $7.8 Million

Meridian Properties Real Estate Development of Carlsbad recently purchased two Escondido industrial buildings for approximately $7.8 million, according to CoStar Group and public data.

Tease photo

Mayor Faulconer Vetoes Minimum Wage; Gloria Believes Council Will Override Veto

The San Diego City Council will schedule a vote within the next 30 days to consider overriding Mayor Kevin Faulconer's veto on Friday of the council’s recent move to raise the city’s minimum wage to $11.50 an hour by January 2017.

Tease photo

Cohn Adds to Its Restaurant Collection With OB Warehouse

San Diego-based Cohn Restaurant Group has opened its newest venue in Ocean Beach, called OB Warehouse at 4839 Newport Ave.

Tease photo

Oceanside Medical Office Building Sold for $5.9 Million

Trollman Properties LLC of San Diego has purchased an Oceanside medical office building for $5.9 million, according to brokerage company Cushman & Wakefield Inc.

Tease photo

Newest Cohn Restaurant Opens in Ocean Beach

San Diego-based Cohn Restaurant Group has opened its newest venue in Ocean Beach, called OB Warehouse at 4839 Newport Ave.

City Planning Director Fulton Is Joining the Exodus to Texas

As the city of San Diego gets busy updating the community plans for neighborhoods such as Mission Valley, it will also be searching for its next top planning official.

Local Beer Summit Tackles Ideas to Improve ‘Hops Highway’

BREWING: North County Efforts Currently Skewed to Production

Craft beer is now a significant economic generator in North County, but more can be done to put the region’s “Hops Highway” — the nickname for Highway 78 — on par with the impact now seen in places like the city of San Diego’s 30th Street “Craft Beer Corridor.”

Court Shrinks Options For Convention Center

CIVIC: Proponents of Expansion Seek Plan B After Ruling Against Hotel Tax

Civic and tourism leaders were scrambling for a follow-up strategy after a state appeals court recently rejected the funding mechanism for the planned $520 million expansion of San Diego Convention Center.

Tease photo

Picking Winners

Manufacturing: Rising Instrument Sales Are Music to Industry’s Ears

Thanks in part to the recent popularity of Hawaiian ukulele virtuoso Jake Shimabukuro — with an assist from pop stars Jason Mraz, Taylor Swift, Bruno Mars and others — the miniature stringed instruments have become a big seller at San Diego-based Bertrand’s Music.

Tease photo

Mayor Vetoes Minimum Wage Hike, Spurring Upcoming Override Vote

San Diego City Council will schedule a vote within the next 30 days to consider an override, after Mayor Kevin Faulconer vetoed council’s recent move to hike the city’s minimum wage to $11.50 an hour by January 2017.

Tease photo

BioMed Realty Revenue, Net Income Rise in Second Quarter

BioMed Realty Trust Inc. saw total revenue rise 7 percent from a year ago in its second quarter ending June 30, reaching $171.2 million, the San Diego-based company reported.

Tease photo

Revenue Dips Slightly, Net Income Rises at American Assets

San Diego-based American Assets Trust Inc. reported second-quarter revenue and net income figures similar to those of a year ago, with revenue totaling $62.2 million for the period ending June 30.

Tease photo

La Mesa Retail Center Sold for $7.1 Million

Lake Murray Center LLC of La Jolla has purchased the Village Shopping Center in La Mesa for $7.1 million, according to CoStar Group and public data.

Tease photo

ROIC Reports Second-Quarter Increases in Revenue, Net Income

San Diego-based Retail Opportunity Investments Corp. reported total revenue of $36.9 million in its second quarter ending June 30, an increase of 42 percent from the year-ago period.

Land Slated for Oceanside Apartments Sold for $25 Million

Locally based Presidio Cornerstone Master LLC has purchased a 28-acre land parcel in Oceanside for $25 million, with plans to develop a 338-unit luxury apartment community.

Tease photo

El Cajon Apartment Buildings Sold for $12 Million

San Diego-based Conrad Prebys Trust has purchased a four-building apartment portfolio totaling 94 units in El Cajon for $12 million, according to brokerage firm Apartment Consultants Inc., which represented the buyer.

Tease photo

Escondido Retail Center Sells for $10.3 Million

MDA Mission Ave One LLC of Rancho Santa Fe has purchased a three-building retail center in Escondido for $10.3 million, according to CoStar Group and public data.

Tease photo

Poway Industrial Building Sells for $6.15 Million

Atomic Investments Inc. of National City has purchased a Poway industrial building for $6.15 million, according to CoStar Group and public data.

Tease photo

La Jolla Commercial Building Sells for $6.8 Million

EHOF La Jolla LLC, with developers William Berwin and Michael Pierson, have purchased a La Jolla commercial building for $6.8 million, according to brokerage company CBRE Group Inc., which represented the seller.

Tease photo

Fulton Leaving San Diego City Planning Director Post

San Diego City Planning Director Bill Fulton has resigned from the post to take a position at Rice University in Houston.

Tease photo

North Park Apartments Sold for $5.3 Million

Florida Place LLC of San Diego has purchased the 28-unit Florida Manor Apartments in North Park for $5.3 million, according to CoStar Group and public data.

Appeals Court Rules Against the Convention Center Financing Plan

A state appeals court has ruled against the funding mechanism for a planned $520 million expansion of San Diego Convention Center, saying a proposed tax on hotel room bills is unconstitutional because it was not approved by voters.

Tease photo

Consultant to Advise Convention Center on Possible Naming-Rights, Sponsorships

San Diego Convention Center officials have hired Cleveland-based The Superlative Group to provide consulting work in relation to potential naming-rights and sponsorship programs at the center.

Appeals Court Rules Against Convention Center Financing Plan

A state appeals court has ruled against the funding mechanism for a planned $520 million expansion of San Diego Convention Center, saying a proposed tax on hotel room bills is unconstitutional because it was not approved by voters.

Prev