Ray Huard

Reporter

Email: rhuard@sdbj.com
Phone: 858-277-8904

Recent Stories

Brokers Don’t See Reason to Add Their Voices to Downturn Chorus

Demand for office space cooled in San Diego County for the fourth quarter of 2018 but the outlook for 2019 is favorable, according to commercial real estate brokers, while demand for industrial space finished the year on a mixed note.

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Longfellow Taps San Diego Talent

Fresh off its acquisition of 14 industrial buildings in Sorrento Valley, Longfellow Real Estate Partners based in Boston further cemented its position in San Diego by hiring local real estate veteran Nick Frasco as managing director of its West Coast operations.

Life Sciences Continue to Boost Market

It’s probably no real surprise, but Cushman & Wakefield recently reported that the life science industry was a driving force behind commercial real estate investment in San Diego and elsewhere in 2018 and is likely to perform well in 2019.

No Relief for Renters

Investing in apartment projects continues to pay off throughout most of San Diego County with rents in most cities continuing to climb.

Newport Beach Firm Buys Four San Diego County Industrial Buildings

Buildings are in Carlsbad and Sorrento Mesa

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Investment Group Buys Sorrento Mesa Office Complex

Company plans $5.2 million in renovations

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Lakeside Apartment Building Sold For $2M

Building has 11 apartments

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Talmadge Apartments Sold For Nearly $7.7M

Building has 36 apartments

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Co. Aiming for 2.5 Million Square Feet In the Local Life-Science Submarkets

The Boston-based development company that made a dramatic entry into the San Diego life-science market in November is expanding its local presence with a promise of more to come.

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Though It Can Look Way Back, Agency Is Forward-Looking

REAL ESTATE: Firm Persists, Grows, Adapts; Typical Sale is $1.2M

When Frederick L. Brown opened his real estate office in La Jolla in 1914, the seaside enclave had only recently gotten electricity, the streets were just starting to be paved and La Jolla had a population of less than 400.

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Luxury Rising

PROPERTY: K1 Brings Unique Offering to Growing Field of High-End Apartments

A $120 million apartment tower that pays homage to San Diego’s Central Library is nearing completion in East Village in what brokers said is a robust market for new apartment construction that’s likely to continue in 2019.

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One Paseo Retail Goal Is for ‘Gathering Space’

Apparently, people no longer shop. They experience.

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Luma Showcases the Vibe, Views And Luxury of Little Italy Living

San Diego’s booming Little Italy neighborhood has a new apartment tower — Luma.

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Oceanside Industrial Building Sold For $3.5M

Building will be used for Sadie Rose Baking Company

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San Diego Firm Brokers $19.8M Garden Grove Industrial Building Sale

Buyer plans to add warehouse space

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Carlsbad Airport Plaza Sold For $14M

Building was recently renovated

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Loan of $19.5M Secured For Del Mar Corporate Plaza

Two office buildings were renovated in 2017

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Phil's BBQ Buys Temecula Building For $3.2M

First location beyond San Diego County

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Carlsbad Retail Building Sold For $3.7M

Building is fully leased

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North Park Apartments Sold For $2.1M

Complex has seven apartments

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Pacific Beach Apartments Sold For Nearly $2.9M

Complex has eight apartments.

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Pacific Beach Apartments Bring $3M

Complex has six apartments.

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December Home Sales Are Down 19.9%

Home sales took a sizable drop in December, according to the Greater San Diego Association of Realtors — dropping 19.9 percent from December 2017 for single-family homes and 32.5 percent for condominiums.

Ampersand Move Punctuates Qdoba’s Ownership Change

Qdoba Mexican Eats is moving its corporate headquarters to Ampersand, the former home of The San Diego Union-Tribune.

Affirmed Buys Lot for Planned 7-Story Apartment

Affirmed Housing has acquired a Cortez Hill parking lot for nearly $3.8 million with plans to use it as the site for an affordable housing project.

Sears’ Exits Open Door For New Opportunities

PROPERTY: Retail Sector Seen as Stable in S.D. for 2019

A former Sears store at El Cajon’s Parkway Plaza is being redeveloped with a variety of retailers taking portions of the space and plans are in the works for a similar redevelopment of a former Sears store in the Chula Vista Center mall.

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HFF Arranges Hotel Sale For $25.5M

Hotel was built in 2002

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Catching A Break

TOURISM: Delays Lead to Local Ownership for New Hotel Planned in Encinitas

Back in 1989, some developers had a plan to build a fancy hotel on a seaside Encinitas bluff overlooking the ocean and South Ponto Beach.

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Tower 180 Aims to Be Contender In the Downtown Market

PROPERTY: Amenities, Style and Even Tenant Roster Add to In-Demand Location

A down-and-out office tower in the heart of downtown San Diego is getting a dramatic remake and a new name by a developer who said it’s turning this once grand structure into top-notch office space that will command top rents.

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Retail Use Planned for former Nightclub

Nightclub will be renovated for retail use

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Ten-Year Lease Signed on Industrial Building

Lease is for 10 years

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Encinitas Marketplace Sold For $43M

Retail center has national and regional tenants

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El Cajon Apartments Sold For $3.1M

Complex has 13 apartments

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MG Properties Buys Phoenix Apartments

Complex has 429 apartments

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Cultural Components Are Key Parts of Mixed-Use Project

PROPERTY: San Ysidro Site Includes Theater, Education Space, Housing

A 92-year-old former San Ysidro church will be resurrected as a neighborhood theater as part of a mixed-use project that includes affordable housing and classroom space for the UC San Diego.

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Carlsbad Apartment Complex Sold For Nearly $17.7M

Complex is a mix of flats and townhomes

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Otay Mesa Business Park Completed

Building 17 partly leased

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Salvation Army Building Sold For $7.5M

Bankers Hill Structure bought by West Hollywood developer

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Shipping Containers Floated as Housing

PROPERTY: Small Low-Cost Units Being Built for Veterans

Living in converted shipping containers stacked one on top of another or side by side may sound like something out of a dystopian science fiction novel, but that’s exactly what one San Diego developer sees as a way to help homeless veterans get off the streets.

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Imperial Beach Complex Sold For $2M

Complex has seven units

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Design Firm’s New Office Captures Past, Prepares for Its Future

Ware Malcomb design firm has relocated its San Diego headquarters to a renovated Sorrento Valley office building meant to showcase the firm’s work and its history.

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Hotel Boom of 2018 Likely To Continue in 2019

More new hotels were built in San Diego County in 2018 than in any other year since 2000, according to Atlas Hospitality Group.

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Realities of Residential Real Estate

It’s not exactly astonishing news, but a company that compiles all kinds of statistics on home buying — Zillow Group — reported in January that first-time homebuyers in San Diego County make more money than people who aren’t in the market to buy.

MG Properties Buys 2 Oregon Property Apartment Complexes For $92.1 M

Apartments are in Portland suburb of Wilsonville

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Carlsbad Apartments Sold For $2M

Complex has four apartments

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College Area Project Sold For $2.2M

Restaurant and eight apartments included

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Hotel Boom Appears to Have Staying Power for 2019

2019 Look Ahead: REAL ESTATE

More hotels are coming to downtown San Diego in 2019, with a total of 2,444 rooms expected to come on line throughout San Diego County.

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National City Industrial Park Sold For $24.8M

Buildings were recently renovated

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Vacant Carlsbad Land Sold For $2.6M

Plans call for eight to 12 half-acre lots.

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