San Diego Business Journal

Tease photo

Rosetta Joins Kilroy Realty as Chief Investment Officer

Steve Rosetta, who most recently served as a San Diego-based vice chairman and Global Advisory Board member at brokerage firm Cushman & Wakefield, has joined Kilroy Realty Corp. as executive vice president and chief investment officer.

By Lou Hirsh June 21, 2017 4:24 p.m. share »
Tease photo

San Diego Firm Buys Vista Apartment Property for $134 Million

An affiliate of San Diego-based MG Properties Group has acquired the 410-unit Alexan Melrose apartment community in Vista for $134 million, according to CoStar Group and brokerage firm Holliday Fenoglio Fowler LP (HFF).

By Lou Hirsh June 21, 2017 11:44 a.m. share »

Port, Chula Vista Officials Approve Development of Convention Hotel

Port district and Chula Vista city leaders have approved a resolution calling for the development of a $969.3 million, 1,450-room convention hotel project, deemed the lynchpin for long-sought commercial development of the Chula Vista bayfront.

By Lou Hirsh June 20, 2017 4:56 p.m. share »
Tease photo

Oceanside Apartments Sold for $3.7 Million

Encinitas-based SJR Real Estate Holdings LLC has acquired a two-building Oceanside apartment property totaling 11 units for $3.7 million, according to brokerage firm Palma Commercial.

By Lou Hirsh June 20, 2017 2:56 p.m. share »
Tease photo

City Council Rejects Special Election for SoccerCity Project

San Diego City Council has voted 5-4 to defer the proposed SoccerCity mixed-use development to the November 2018 general election, despite pleadings from project supporters that a vote was needed this year in order to meet timelines for delivering a pro soccer franchise to the city.

By Lou Hirsh June 20, 2017 10:37 a.m. share »
Tease photo

We’re No. 9…We’re No. 9

When it comes to industry clout, San Diego ranks No. 9 among the top 25 U.S. “Tech Cities.” Brokerage firm Cushman & Wakefield’s inaugural tracking report on the sector is based on factors such as real estate and housing costs, educated workforce, capital availability and job growth prospects.

By Lou Hirsh June 19, 2017 3:35 p.m. share »
Tease photo

L.A. Investor Buys Center; The Food Just Keeps Coming

Investor Brittanya McCall Razavi of Los Angeles is the new owner of the historic Heritage Square retail center in downtown Fallbrook, after acquiring the property at 507 S. Main Ave. and 110-122 W. Beech St. for approximately $1.37 million. According to Lee & Associates, whose brokers Al Apuzzo, Patrick Miller and Matt Weaver represented seller Heritage Square Investments, the buyer plans to hold the 7,884-square-foot property for future development.

By Lou Hirsh June 19, 2017 3:34 p.m. share »
Tease photo

Upscale Retail Will Be at Home In UTC’s $600M Expansion

As other local observers have pointed out, the oft-repeated mantra about U.S. retail — “the mall is dead” — has never really applied to the San Diego market.

By Lou Hirsh June 19, 2017 3:33 p.m. share »
Tease photo

Major Reconfiguration in the Works for UCSD Main Campus

Six years from now, the main La Jolla campus of University of California, San Diego could be looking very different from what currently greets its students, staff and visitors.

By Lou Hirsh June 19, 2017 3:20 p.m. share »
Tease photo

National City Hotel Rebranded as Ramada after $1M Renovation

A former Clarion Hotel in National City recently reopened under the Ramada banner following a $1 million renovation of the 180-room property at 700 National City Blvd.

By Lou Hirsh June 19, 2017 3:16 p.m. share »
Tease photo

Bankers Hill Apartment Property Sold for $2.39 Million

Robert Miles Living Trust of San Diego has acquired a five-unit apartment property in Bankers Hill for approximately $2.39 million, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh June 19, 2017 3:13 p.m. share »
Tease photo

International Flights Soar, Defy National Trends

It appears the forces dragging down some elements of the local tourism sector are not yet having an impact on international travel to and from San Diego.

By Lou Hirsh June 19, 2017 2:53 p.m. share »

Sorrento Mesa Building Housing USC Research Center Sells for $12.5M

A Beverly Hills buyer has purchased a Sorrento Mesa office building housing the University of Southern California’s Alzheimer’s Therapeutic Research Institute for $12.5 million, according to CoStar Group and public data.

By Lou Hirsh June 18, 2017 1:06 p.m. share »

Imperial Beach Apartment Complex Sold for $2.54 Million

A Newport Beach buyer listed as 1193 Florence LLC has acquired a 12-unit apartment complex in Imperial Beach for approximately $2.54 million, according to brokerage firm Apartment Consultants Inc. (ACI).

By Lou Hirsh June 16, 2017 5:35 p.m. share »
Tease photo

Loan Delinquency Forces Park Hyatt Aviara Resort Back into Special Servicing

Ownership of the Park Hyatt Aviara Resort in Carlsbad has been transferred to a special-servicing entity for at least the second time in recent years, due to loan delinquency issues encountered by its owners. The property at 7100 Aviara Resort Drive remains open for business.

By Lou Hirsh June 15, 2017 2:14 p.m. share »

Report: San Diego Tops U.S. Markets for Number of Active Breweries

San Diego is the nation’s top market for the number of operating craft beer breweries.

By Lou Hirsh June 15, 2017 1:37 p.m. share »
Tease photo

Mayor Hires Chamber COO Faucett as New Chief of Staff

San Diego Mayor Kevin Faulconer has hired Aimee Faucett, currently chief operating officer for the San Diego Regional Chamber of Commerce, to be his new chief of staff starting on July 17.

By Lou Hirsh June 15, 2017 1:22 p.m. share »
Tease photo

Irvine Firm Buys Sorrento Mesa Office Campus for $26.1 Million

An affiliate of Irvine-based HCP Inc. has purchased the two-building Scripps Wateridge Corporate Center office campus in Sorrento Mesa for $26.1 million, according to CoStar Group and public data.

By Lou Hirsh June 15, 2017 10:17 a.m. share »
Tease photo

Encinitas Commercial Property Sells for $6.86 Million

Newcastle Seaside Partners LLC of Encinitas has acquired a retail and residential property in that city’s Cardiff by the Sea neighborhood for approximately $6.86 million, according to CoStar Group and public data.

By Lou Hirsh June 14, 2017 3:52 p.m. share »

German Carrier Lufthansa Adding Direct Local Flights to Frankfurt in 2018

German airline Lufthansa Group has announced plans to begin new direct service between San Diego and Frankfurt in the summer of 2018.

By Lou Hirsh June 14, 2017 10:13 a.m. share »
Tease photo

San Diego Apartment Property Sold for $10.4 Million

San Diego-based Vaerus Hawley LLC has acquired a 44-unit apartment property in the city’s Normal Heights neighborhood for approximately $10.4 million, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh June 13, 2017 3:32 p.m. share »

San Diego Council Rejects Special Election for Convention Center Funding Plan

San Diego City Council has rejected Mayor Kevin Faulconer’s call for a special election this fall to decide on a hotel tax hike of up to 3 percent, aimed at financing a convention center expansion while also addressing other civic programs including homeless services and street repairs.

By Lou Hirsh June 13, 2017 11:10 a.m. share »

Study: San Diego Needs 72,775 Apartments by 2030

The San Diego metro area will need 72,775 new apartments by 2030 to keep up with local demand, according to results of a new study commissioned by the National Multifamily Housing Council and the National Apartment Association.

By Lou Hirsh June 12, 2017 12:29 p.m. share »

Fashion Valley Mall Getting New Stores, Second Valet Location

A relocated California Pizza Kitchen, new stores and a second valet location are among additions in the works at Fashion Valley mall in Mission Valley.

By Lou Hirsh June 12, 2017 11:03 a.m. share »

Mayor Faulconer Vetoes Council Move to Cut Special-Election Funding

San Diego Mayor Kevin Faulconer has followed through on a promised veto of San Diego City Council’s move to eliminate $5 million in budget funding intended for a fall 2017 special election.

By Lou Hirsh June 11, 2017 1:06 p.m. share »

How Does San Diego Fare in Top ‘Tech Cities’ Ranking?

When it comes to industry clout, how does the local market shape up among the nation’s biggest technology hubs?

By Lou Hirsh June 11, 2017 1:05 p.m. share »
Tease photo

El Cajon Apartments Sold for $5.7 Million

Investor Tim Buege of San Diego has acquired a 36-unit apartment property in El Cajon for $5.7 million, according to brokerage firm Marcus & Millichap.

By Lou Hirsh June 11, 2017 1:01 p.m. share »
Tease photo

Aerospace Supplier Buys Encinitas Office Property for $2.1 Million

Locally based HTF Aerospace Inc. has purchased an Encinitas office property for $2.1 million, with plans to relocate its corporate headquarters from Carlsbad, according to brokerage firm Riviera Real Estate Inc.

By Lou Hirsh June 11, 2017 1 p.m. share »

Faulconer Vetoes Council Move to Cut Special-Election Funding

San Diego Mayor Kevin Faulconer has followed through on a promised veto of San Diego City Council’s move to eliminate $5 million in budget funding intended for a fall 2017 special election.

By Lou Hirsh June 9, 2017 3:47 p.m. share »

How Does S.D. Fare in Top ‘Tech Cities’ Ranking?

When it comes to industry clout, how does the local market shape up among the nation’s biggest technology hubs?

By Lou Hirsh June 9, 2017 1:16 p.m. share »
Tease photo

El Cajon Apartments Sell for $5.7 Million

Investor Tim Buege of San Diego has acquired a 36-unit apartment property in El Cajon for $5.7 million, according to brokerage firm Marcus & Millichap.

By Lou Hirsh June 9, 2017 12:28 p.m. share »
Tease photo

Aerospace Supplier Buys an Encinitas Office Property for $2.1 Million

Locally based HTF Aerospace Inc. has purchased an Encinitas office property for $2.1 million, with plans to relocate its corporate headquarters from Oceanside, according to brokerage firm Riviera Real Estate Inc.

By Lou Hirsh June 9, 2017 12:21 p.m. share »

Companies Mold Travel Perks Into Journeys of Growth

The nonprofit Incentive Research Foundation estimates that U.S. businesses spend $22.5 billion annually on incentive travel perks, geared to rewarding worker performance and discouraging those top employees from flirting with career prospects at other companies.

By Lou Hirsh June 8, 2017 2:27 p.m. share »
Tease photo

Edelweiss Air Starting New Direct Flights Between San Diego and Zurich

Switzerland-based carrier Edelweiss Air plans to begin its previously announced direct flight service between San Diego and Zurich on June 9.

By Lou Hirsh June 8, 2017 2:25 p.m. share »
Tease photo

Oceanside Industrial Property Sells for $9.2 Million

A San Diego buyer listed as Oceanside Avenida Del Oro LLC has purchased a two-building Oceanside industrial property for $9.2 million, according to brokerage firm Faris Lee Investments.

By Lou Hirsh June 8, 2017 2:23 p.m. share »
Tease photo

Comings and Goings in Retail, Restaurants

San Diego County is apparently gaining a new location of Cost Plus World Market, but also losing one. The store at 372 Fourth Ave., in downtown San Diego, is set to be closed on June 24 by the Oakland-based seller of home goods and gourmet foods.

By Lou Hirsh June 8, 2017 2:19 p.m. share »
Tease photo

Westfield Announces 20+ New Tenants Coming to UTC Mall

Westfield Corp. has announced a slate of more than 20 new retailers and restaurants that will begin operations by this fall at its Westfield UTC mall in San Diego, as the company nears completion of a $600 million renovation and expansion of the property.

By Lou Hirsh June 8, 2017 2:03 p.m. share »
Tease photo

Spec Building to Test Market, Makers Quarter

The first “work” element at downtown San Diego’s mixed-use Makers Quarter — a six-story, $23 million office building known as Block D — recently saw its long-awaited ground-breaking, two years after it was announced as the next component in the five-block, live-work-play community.

By Lou Hirsh June 8, 2017 12:53 p.m. share »

Cars Chasing Burgers (Again) at Site of Closed Jack in the Box

A franchisee of San Diego-based Jack in the Box Inc. recently closed the restaurant on Balboa Avenue at Convoy Street, which had operated at the Kearny Mesa site for about 40 years and had a history at the highly trafficked intersection going back 50 years.

By Lou Hirsh June 7, 2017 5:04 p.m. share »
Tease photo

Boston Firm Buys Otay Mesa Industrial Property for $19.3 Million

An affiliate of Boston-based STAG Industrial Inc. has acquired an Otay Mesa industrial building for $19.3 million, according to CoStar Group and broker Holliday Fenoglio Fowler LP (HFF).

By Lou Hirsh June 7, 2017 3:10 p.m. share »
Tease photo

South Park Apartment Property Sells for $4.38 Million

Blue Lake Apartments LLC of San Diego has purchased a 19-unit apartment community in the city’s South Park neighborhood for $4.38 million, according to brokerage firm South Coast Commercial Inc.

By Lou Hirsh June 7, 2017 10:58 a.m. share »
Tease photo

Carlsbad Office Property Sold for $8.55 Million

San Francisco Bay area investor Stephen Rogers has purchased a Carlsbad office and medical building for $8.55 million, according to brokerage firm Cushman & Wakefield.

By Lou Hirsh June 6, 2017 12:57 p.m. share »
Tease photo

Escondido Apartment Complex Sells for $11.8 Million

Waltz Family Trust of San Diego has acquired a 78-unit apartment complex in Escondido for approximately $11.8 million, according to brokerage firm Marcus & Millichap.

By Lou Hirsh June 6, 2017 12:52 p.m. share »

Mayor Plans to Veto City Council Rejection of Special-Election Funding

Mayor Kevin Faulconer plans to veto the San Diego City Council’s 8-1 move to reject funding for a November special election, aimed at deciding the fate of the proposed SoccerCity mixed-use development and a hotel tax hike to support expansion of the city’s convention center.

By Lou Hirsh June 6, 2017 10:44 a.m. share »

San Diego Airport's On-site Delivery of Food, Retail Items to Be First in Nation

San Diego International Airport will be the nation’s first to offer airport-wide gate delivery service of food and retail items, under a program being developed with two technology providers and slated to launch this summer.

By Lou Hirsh June 5, 2017 3:13 p.m. share »

Lightning Brewery Owner May Go ‘Nano’ After Selling Equipment to Cismontane

Lightning Brewery owner Jim Crute may continue brewing on a smaller scale, after selling his Poway company’s manufacturing equipment to Santa Ana-based Cismontane Brewing Co. for an undisclosed price.

By Lou Hirsh June 5, 2017 3:11 p.m. share »
Tease photo

Hughes Marino Expanding Services to Seattle Office

San Diego-based commercial real estate services provider Hughes Marino Inc. is opening a new office in downtown Seattle.

By Lou Hirsh June 5, 2017 3:10 p.m. share »

Theme Parks’ Bottom Line: Not Everyone Is Having Fun

The latest annual global attendance report, published by the Themed Entertainment Association and consulting firm AECOM, demonstrates that amusement parks are still a growth industry, especially if you operate in China.

By Lou Hirsh June 4, 2017 1:05 p.m. share »
Tease photo

El Cajon Multifamily Property Sells for $14.1 Million

Johnson Trust of San Diego has acquired a 68-unit apartment complex in El Cajon for $14.1 million, according to brokerage firm Apartment Consultants Inc. (ACI).

By Lou Hirsh June 4, 2017 1:01 p.m. share »

Theme Parks’ Bottom Line: Not Everyone’s Having Fun

The latest annual global attendance report, published by the Themed Entertainment Association and consulting firm AECOM, demonstrates that amusement parks are still a growth industry, especially if you operate in China.

By Lou Hirsh June 2, 2017 1:52 p.m. share »

Prev

Page of .