Lou Hirsh

Staff Reporter

Email: lhirsh@sdbj.com
Phone: 858-277-8904 Extension: 3107

Recent Stories

Construction Begins on $60M Downtown Apartment Project

Investment and development firms Legacy Partners and The Resmark Cos. have broken ground on a new $60 million, 168-unit apartment community in downtown San Diego’s Marina District, adjacent to the Gaslamp Quarter.

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Modern Times Beer Opening New Portland Facilities in 2018

San Diego’s Modern Times Beer will be expanding into Portland, Ore., in early 2018, as the Point Loma-based brewer continues to grow its operations footprint beyond San Diego County.

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Local Restaurants Are Expanding on Their Culinary Successes

Developers of the mixed-use IDEA1 project, nearing completion in downtown San Diego’s East Village, recently signed their second and final retail tenant — a casual-style cafe called Young Hickory. According to brokers Reg Kobzi and Michael Peterson of CBRE Group Inc., who represented the tenant and landlord, the venue will be the second for owner Clay Summers, who has a current venue in North Park serving breakfast and lunch items along with local coffees and craft beers.

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Biotech Still Big Driver of Space Demand

Brokers at JLL report that after a slow first quarter, life-science-related facilities leasing in San Diego County sprang back to life in the second quarter. That period saw 644,212 square feet of total gross office and lab-space leasing by biotech firms, producing 205,529 square feet of net occupancy growth.

It Won’t Be a Day at the Beach Getting Target Store Into O.B.

High-profile retail spots tend to fill up soon after they’re vacated in the San Diego market. But there are a few times when the neighbors of these properties stand up and declare “Not so fast!” before the next tenant can move in.

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Women Execs Face Obstacles in Commercial Real Estate Career

DIVERSITY: Structural Barriers Need Addressing; Progress Made at Midlevel

While their counterparts on the residential side have attained near parity with men when it comes to filling the ranks of upper management, that level of corporate leadership remains the unbroken glass ceiling for most women in commercial real estate brokerage.

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Millenia Makes Move To Bring in Business

PROPERTY: Office Complex Will Try to Crack Cluster Culture

Apartments, homes and retail elements are steadily coming into place at the mixed-use Millenia community in eastern Chula Vista, a project long seen as crucial to attracting young families and professionals seeking a walk-friendly, urban-style environment with affordable housing.

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Port District Seeks Proposals for Interim Management of Seaport Village

The Port of San Diego has issued a request for proposals, seeking a third party to manage and operate the site of downtown’s Seaport Village after its current lease expires on Sept. 30, 2018.

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Pathfinder Partners Buys Sacramento Apartments for $22 Million

San Diego-based Pathfinder Partners has purchased a 195-unit apartment community in Sacramento for $22 million, the real estate investment company announced.

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RAF Developing Carlsbad Distribution Facility for San Diego Hat Co.

Encinitas-based RAF Pacifica Group will develop a new Carlsbad distribution facility for San Diego Hat Co., which recently acquired a 7.5-acre industrial parcel in that city for approximately $5.87 million, according to brokerage firm Cushman & Wakefield.

Rental Property Tech Firm Mynd Buys Pacific Shore Management

Oakland-headquartered Mynd, which describes itself as a “tech-powered” residential rental property management company, has acquired San Diego-based Pacific Shore Management for an undisclosed price.

Another Big Downtown Deal: 600 B Tower Sells for $109.5 Million

New York City-based Rockwood Capital LLC has acquired the downtown San Diego office tower at 600 B St. for $109.5 million, according to real estate services firm Holliday Fenoglio Fowler LP (HFF).

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Tracking Big Commercial Deals: First Half Saw Slowdown in San Diego

Things appear to be slowing down lately when it comes to big-ticket commercial real estate investment deals in San Diego County.

Westcore Buys Moreno Valley Industrial Property for $30.71 Million

San Diego-headquartered Westcore Properties has acquired an industrial building in Moreno Valley for $30.71 million, with cosmetic improvements slated to start immediately, the company announced.

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Southwest Adding Direct Local Service to Puerto Vallarta

Southwest Airlines is adding new non-stop flights in 2018 from San Diego to Puerto Vallarta, Mexico, along with Newark, N.J. and El Paso, Texas, the Dallas-based carrier announced

Developer Plans $103.5M Mixed-Use Project in Pacific Beach

The San Diego regional office of Texas-based developer JPI plans a Sept. 6 ground-breaking for Jefferson Pacific Beach, a $103.5 million, mixed-use luxury apartment community adjacent to Mission Bay Park.

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Kearny Mesa Office Buildings Sold for $18.5 Million

Protea Aero Drive LLC of San Diego has acquired two neighboring office buildings in Kearny Mesa for $18.5 million, according to brokerage firm Voit Real Estate Services.

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Golden Hill Apartment Property Sells for $4.9 Million

San Diego-based Fenway Properties III LLC has acquired a 20-unit apartment property in the city’s Golden Hill neighborhood for $4.9 million, according to CoStar Group and public data.

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County Construction Starts Down 17% for First 7 Months of 2017

Following a third consecutive month of declining activity compared with a year ago, San Diego County’s construction starts are down 17 percent in value for the first seven months of 2017, at just over $2.16 billion, according to Dodge Data & Analytics.

Work Starting on Dual-Brand Hilton Campus in Chula Vista

Carlsbad-based hotel operator Sethi Management Inc. plans an Aug. 28 ground-breaking for a new 204-room, dual-branded Hilton campus being developed in Chula Vista’s Eastlake neighborhood.

County Construction Starts Down 17 Percent for First 7 Months of 2017

Following a third consecutive month of declining activity compared with a year ago, San Diego County’s construction starts are down 17 percent in value for the first seven months of 2017, at just over $2.16 billion, according to Dodge Data & Analytics.

Work Is Starting on Dual-Brand Hilton Campus in Chula Vista

Carlsbad-based hotel operator Sethi Management Inc. plans an Aug. 28 ground-breaking for a new 204-room, dual-branded Hilton campus being developed in Chula Vista’s Eastlake neighborhood.

Sold Again: San Francisco Firm Buys Downtown’s Five Thirty B for $57.7M

San Francisco-based Swift Real Estate Partners has purchased the Five Thirty B office tower in downtown San Diego for $57.7 million, according to CoStar Group and public data. This marks the third time the 1960s-vintage property has changed hands since early 2014.

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Legoland California Resort Opening New Submarine Ride in 2018

Operators of Legoland California Resort in Carlsbad plan to debut a new submarine-themed ride called Lego City Deep Sea Adventure, opening in 2018 following a previously announced castle-themed hotel that is currently under construction.

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New Tastes Coming to Rancho Santa Fe, Coronado

Nick & G’s, featuring Mediterranean and Italian style dishes, recently opened at 6106 Paseo Delicias in Rancho Santa Fe, the former site of Ponsaty’s. The executive chef is Brian Freerksen and the owner is Sandra DiCicco, who heads locally based Grand Restaurant Group, the operator of several area venues including Bellamy’s Restaurant in Escondido.

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Craft Beer’s Footprint Makes It A Player in the Property Market

Craft beer pairs quite well with commercial real estate, especially if you have an industrial property you’d like to sell or lease out.

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Green Flash Hops On Heartland Opportunity

BREWING: Nebraska Site Is in Developing Craft Beer Marke

For about the past year, Mike Hinkley had been carefully researching Nebraska and other potential Midwest expansion options for Green Flash Brewing Co., the Mira Mesa company he co-founded in 2002 with wife Lisa.

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Exec Q&A: Marty Birkel, Ballast Point Brewing Co.

Already the largest San Diego-based beer-maker — and now the 13th biggest in the U.S. based on 2016 production volume — Ballast Point Brewing Co. has been ramping up its new East Coast production facilities in Virginia.

Seven New Retail Tenants Join Roster at Barrio Logan Center

Seven new tenants, including five restaurants, have joined the retail lineup at the mixed-use Mercado del Barrio in San Diego’s Barrio Logan neighborhood, center owner Shea Properties announced.

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San Diego Firm Gets $17.8M in Refinancing for Property Near Seattle

San Diego-based Nexus Properties Inc. has obtained $17.8 million in refinancing for a life science building that it owns in suburban Seattle, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

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Report: Craft Beer Still Brews Up Plenty of Real Estate Impact

Craft beer remains a key generator of commercial real estate traffic both nationally and locally – especially in the industrial and retail realms -- even with a continued nationwide slowdown in the growth of craft brew sales.

Mission Valley Joe’s Crab Shack Among 40 Nationwide Closings

Joe’s Crab Shack recently closed its restaurant in Mission Valley, among at least 40 abrupt closings carried out nationwide since early August by the struggling chain amid bankruptcy proceedings.

San Diego International Airport Passenger Traffic Rises 5.3%

Passenger traffic at San Diego International Airport rose 5.3 percent from a year ago for the January-to-July period, topping 12.5 million, according to the latest monthly numbers from the San Diego County Regional Airport Authority.

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Region’s Hotel Revenue Up 6.7% for First 7 Months of 2017

San Diego County hotel revenue rose 6.7 percent from a year ago in the first seven months of 2017, topping $1.69 billion, as the region continued to post strong numbers for its peak summer tourism season, according to the latest monthly data from research firm STR.

Blackstone Group Refinances Hotel Del

Unable to sell off Hotel del Coronado last year, owner Blackstone Group has instead decided to refinance the iconic property.

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Industrial Building Sells for $11.5 Million

The local regional office of Dallas-based Lincoln Property Co. has acquired an industrial facility in San Diego’s Morena neighborhood for $11.5 million, according to brokerage firm Cushman & Wakefield and CoStar Group data.

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San Diego Industrial Building Sells for $11.5 Million

The local regional office of Dallas-based Lincoln Property Co. has acquired an industrial facility in San Diego’s Morena neighborhood for $11.5 million, according to brokerage firm Cushman & Wakefield and CoStar Group data.

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Blackstone Group Refinances Hotel Del Coronado

Unable to sell off Hotel del Coronado last year, owner Blackstone Group has instead decided to refinance the iconic property.

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Raising Cane’s to Spice Up Competition

A fast-rising national player in the game of fast-food chicken, Louisiana-based Raising Cane’s Chicken Fingers, is about to make its first local arrival in the city of Santee.

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Is It Time to Put Your Money in Storage?

The brokerage firm Marcus & Millichap anticipates that San Diego County’s rising housing unit completions, especially on the apartment side, will translate into increasing demand for self-storage units this year.

North City Looks to Check All The Boxes in Smart Growth

PROPERTY: Project Creates Urban-Style Hub With Diverse Elements More than 25 years after the opening of California State University San Marcos, the city is now seeing elements of a long-sought “colleg

More than 25 years after the opening of California State University San Marcos, the city is now seeing elements of a long-sought “college town’’ come together near state Route 78.

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Getting There: The Golden Triangle

Massive Development Is Shaping a Transit-Friendly Employment Hub While Testing Commuters’ Patience

As San Diego braces for potentially more gridlock in the already congested Golden Triangle area — fueled by dozens of public and private construction projects moving forward over the next five years — the consensus among local commercial real estate brokers is that patience will be rewarded in the long run.

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Executive Q&A Marty Birkel, Ballast Point Brewing Co.

Already the largest San Diego-based beer-maker — and now the 13th biggest in the U.S. based on 2016 production volume — Ballast Point Brewing Co. has been ramping up its new East Coast production facilities in Virginia. The company in June opened a tasting room in suburban Roanoke, where the brewer has invested nearly $50 million in its newest operations.

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New Carrier Launching Direct Flights Between Carlsbad, Las Vegas

Locally based commercial carrier Cal Jet by Elite Airways plans a Sept. 28 launch of service between Carlsbad and Las Vegas.

Westcore Enters Portland Investment Market with $38.7M Industrial Deal

San Diego-headquartered Westcore Properties has acquired an industrial park in Vancouver, Wash., for $38.7 million, marking the investment company’s entrance into the Portland, Ore., metro market.

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Emmes Renovating Lobby, Plaza at Downtown Tower

Property owner Emmes Realty Services of California LLC has begun a multimillion-dollar renovation of the Seventh Avenue plaza and atrium lobby at its office tower at 701 B St. in downtown San Diego.

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Green Flash Brewing Expands Production Into Nebraska

San Diego-based Green Flash Brewing Co. plans to expand into Nebraska, with a Lincoln production facility and tasting room set to open by the end of this year.

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Next Frontier for Amazon: Faster Delivery of Munchies

Amazon Inc. continues to grow its presence in San Diego County. And students at UC San Diego likely will be among the next beneficiaries of super-quick delivery of snacks, drinks and other college essentials, via another new offering from the e-commerce giant.

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Golf Legend Johnny Miller Signs On for Redesigns at Warner Springs Ranch

Operators of Warner Springs Ranch Resort have signed a deal with pro golf hall-of-famer and broadcaster Johnny Miller and his namesake course design firm for upcoming improvements to the North County property.

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New Industrial Facility Planned After $4.68M Santee Land Buy

An entity listed as Cuyamaca West Partners LLC of El Cajon has acquired a 7.28-acre industrial land parcel in Santee for approximately $4.68 million, according to CoStar Group and public data.