San Diego Business Journal

The median price for all houses in North County , single-family detached and single-family attached , rose from $565,000 in May to $570,000 in June.

That's the word from the North San Diego County Association of Realtors' June survey.

Some tidbits from the report:

- The median-priced single-family detached home in North County was $650,000 in June, compared with $645,000 in May; while elsewhere in the county, the single-family detached price dipped from $555,000 in May to $535,000 in June.

- Only 8 percent of San Diego County households could afford the median-priced single-family detached home in North County in June, the same percentage reported in May; while elsewhere in the county, the figure remained at 12 percent.

- Single-family detached median home prices were highest in Rancho Santa Fe (92067), at $2.5 million, with prices exceeding $1.5 million in Del Mar and Cardiff-by-the-Sea, and more than $1 million in Solana Beach, Rancho Santa Fe (92091), and Fallbrook (92028).

Vista (92083) and Escondido (92027) were the only two ZIP codes reporting median single-family detached prices just below $500,000.

- The median-priced single-family attached home in North County fell from $387,500 in May to $382,000 in June; while elsewhere in the county, prices decreased from $365,000 in May to $353,750 in June.

- Some 23 percent of San Diego County households could afford the median-priced single-family attached home in North County during June, the same percentage reported in May. Elsewhere in the county, the figure was 27 percent, a 2 percent rise from May.

- Median SFA home prices exceeded $800,000 in Rancho Santa Fe (92091) and Solana Beach (92075); while areas of Escondido, Vista, Oceanside, Fallbrook, Bonsall, Rancho Bernardo, Rancho Penasquitos and San Marcos reported median SFA prices in the $300,000 range.

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Going up: San Diego-based Cruzan/Monroe has finished TR Produce, located right across from center field at Petco Park in downtown San Diego.

The 46,000-square-foot project is made up of TR Office, billed as San Diego's first historic office condo project, located above TR Retail. The cost of the project was not disclosed.

The TR Produce warehouse was built in 1933 on the 20,000-square-foot site bounded by J Street and Island, Eighth and Ninth avenues.

The project team includes architect David Thompson of Bundy & Thompson Architects, and general contractor Wheelihan Construction Co., both of San Diego.

Gemini Science Inc. and the La Jolla Institute for Allergy & Immunology hosted a dedication ceremony July 12, celebrating the completion of their new state-of-the-art, 145,000-square-foot research facility.

The project is the first to be completed within the UC San Diego Science Research Park, which is adjacent to the East Campus medical center complex. The cost of the project was not revealed.

According to developers, the new facility is expected "to make the park a fertile breeding ground" for collaborations among the scientists. While Gemini and the institute remain independent organizations, they said, joint research projects are planned with UCSD.

Gemini Science is a wholly owned U.S. subsidiary of Kirin Brewery Co. Ltd. of Japan. Gemini acts as Kirin's sole agent in the United States, facilitating the company's pharmaceutical business development efforts in North America and Europe.

Voit Development Co., based in Los Angeles with an office in San Diego, reports that the design phase is complete and construction is under way at Chula Vista Commerce Center, a six-building, 183,000-square-foot industrial park in Chula Vista.

The center, located on Main Street, will offer industrial space, ranging from 2,000 to 76,000 square feet for sale or lease.

Ware Malcomb's San Diego office is handling the architecture, and Bycor General Contractors in San Diego is involved in the project. The cost of the project was not disclosed.

Also in the works is an $8 million renovation project to upgrade 32,000 square feet of conference and event space at Paradise Point Resort & Spa overlooking San Diego's Mission Bay.

The rehab, scheduled to be finished in September, will involve retooling the resort's 29 high-speed Internet-wired banquet rooms, including the 10,064-square-foot Paradise Ballroom.

The project designer is Andrea Dawson, principal of Dawson Design Associates in Seattle.

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Incoming: SkillStorm Inc., a government and commercial technical services company, recently hung out its shingle June 26 at its new corporate headquarters , a 6,400-square-foot facility in Sorrento Valley. SkillStorm has a five-year lease valued at more than $1 million.

The new digs , in the same neighborhood as Qualcomm Inc., Sony Electronics and National Semiconductor , serve as a home base for more than 550 employees located throughout 25 states and four countries.

A new entry to the San Diego market is Always One Percent Realty, a full-service Internet-based real estate agency.

The service, billing itself as a way to avoid "outdated" commissions and fees, charges sellers a flat 1 percent commission for selling their homes. For buyers, Always One connects them to an online system that gives them price ranges, available properties and neighborhood information. At closing, buyers receive a rebate up to 2 percent of the price of the home "on the spot," according to the company.

Broker Rob Adatto is founder of the San Diego-based service.

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Big deals: Equastone, a San Diego-based real estate investment company, is continuing to add to its Texas portfolio.

The company has bought Atrium at Highpoint, a 10-story, 225,000-square-foot office building in Irving, Texas, from CW Capital Asset Management. The price was not disclosed.

Since October, Equastone has acquired eight office and flex buildings in Texas, totaling more than 1.2 million square feet. In June, Equastone announced the opening of its Texas regional office in Houston.

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