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Purchase Clouds Plans for ‘Lifestyle Center’ at Carlsbad Mall

As of press time, Westfield Inc. was mum on details of a pending sale of its Westfield Carlsbad to Rouse Properties, and what the deal will mean to what would have been a $300 million overhaul of the 46-year-old mall, formerly known as Westfield Plaza Camino Real. Rouse also wasn’t talking, and it wasn’t clear when the deal was first hatched or why Westfield was selling (and whether it will be a full or partial sale of Westfield’s interests).

AleSmith Covers All the Bases for Expansion With New Site

AleSmith Brewing Co. recently opened the doors in Miramar to the region’s latest temple of taps — what the company bills as San Diego County’s largest brewery tasting room, spanning 25,000 square feet.

Mother Earth to Expand Its World With an Idaho Facility

It’s a sign of the times for San Diego County’s burgeoning craft beer industry: So many companies are looking to expand that they’re actually running out of viable physical spaces to do that in the local market.

Blackstone Acquires BioMed Realty Trust in $8 Billion Deal

ACQUISITION: Firm Cites Premium Value In Selling to Real Estate Giant

San Diego-headquartered BioMed Realty Trust Inc. has entered into an agreement to be acquired by affiliates of New York-based Blackstone Group, in an all-cash transaction valued at $8 billion, amounting to $23.75 per share.

Retail Center’s Customer Service Went Several Extra Miles

Mobile app- enabled ride-sharing services such as Lyft and Uber are becoming ubiquitous at places including the airport and local tourist venues (see the Business Journal’s Sept. 7 story), and they could eventually become popular among shoppers tired of searching for parking at their favorite malls during peak hours.

New One Paseo Proposal Cuts Down on Retail, Office Space

Talks are in progress on Version 2.0 of One Paseo, and San Diego city officials, as soon as January, could be reviewing a downsized version of the controversial mixed-use development in Carmel Valley.

In This Tight Market, a Retail Property Rarity Draws Buyers

Prime retail properties rarely hit the market in San Diego, and when they do, the price tags are rarely discounted. The latest example is the recent $107 million sale of the Walmart-anchored McGrath Center on Clairemont Mesa Boulevard in Kearny Mesa.

National Investment Firms Buying into Carlsbad Office Market

The city of Carlsbad has emerged as San Diego County’s hot hub for big sales of existing office properties so far in 2015.

Hotel Deals Are Going Strong as Sector Continues to Prosper

A strong hospitality climate is keeping hotel properties high on the list of big San Diego County deals so far in 2015.

One Guess as to Where This Big Mixed-Use Project Is Planned for?

New development projects just keep on coming in downtown San Diego, especially in the red-hot East Village neighborhood. Among the latest being considered is a proposal by Lennar Multifamily Communities LLC for a two-building, mixed-use development with 368 residential units planned for a site at 460 16th St.

Moviegoers to Get Boot and Perhaps a Designer Dress or Blouse

Bargain-hunting fashion shoppers will be among the winners when a popular La Jolla retail center does some tenant shuffling amid renovations set to take place over the next 18 months, with Nordstrom Rack recently announced as the star coming attraction.

Newspaper Sale Leaves Manchester With Prime Property

If anybody knows the sometimes queasy feelings induced by rapid industry change being faced by some commercial real estate professionals (see the Cushman & Wakefield-DTZ merger), it’s the people in the business rodeo known as the newspaper industry.

One Paseo Saga Moving Toward an Election Day Showdown

The February decision to approve the controversial One Paseo mixed-use development in Carmel Valley has boomeranged back to the San Diego City Council after a petition drive by opponents gathered enough signatures to have the project placed before voters, unless the council repeals its approval.

Think Tank Puts Price Tag on New Stadium

Any financing plan to build a new San Diego Chargers stadium in Mission Valley — the current site of Qualcomm Stadium — will need to cover a tab of at least $725 million, and likely well over $1 billion.

Construction Set for This Month on 37-Story Ballpark Village

Another East Village apartment project will soon join the hubbub of earth-movers and cranes now reshaping the downtown San Diego landscape.

Game Over for Sony Stores as Company Shifts Its Retail Strategy

Sony North America, the San Diego-based division of the Japanese electronics giant, is pulling the plug on the last of its retail stores that the company once envisioned as the home-electronics version of those wildly popular Apple stores.

One Paseo Opponents Start a Referendum Drive

To the surprise of few people, the controversial One Paseo mixed-use development in Carmel Valley could now be heading toward the city ballot box in San Diego.

Timing Looks Right for This New Life Sciences Campus in UTC

Real Estate Column

San Diego’s BioMed Realty Trust Inc. has not announced the tenants for its long-planned, $190 million life-science lab and office campus called i3, which recently broke ground at University Towne Center. But the trends in recent brokerage data suggest the company shouldn’t have much trouble filling up the 316,000-square-foot project.

FAA Sees Planned Ferris Wheel Operating at an Unsafe Altitude

Port commissioners are scheduled Feb. 10 to review several proposals to put a giant Ferris wheel on the San Diego bayfront, but it’s already looking as though developers will need to at least downsize their dreams.

Federal Agencies Are Leaving Downtown Office Building

The upcoming exit by the U.S. General Services Administration from a downtown San Diego office tower could be cause for at least some temporary nervousness for the building’s owners and investors.

Second Boutique Hotel Likely for Imperial Beach Coastal Location

For years, the city of Imperial Beach struggled to capture the attention of upscale hotel developers and beach visitors more focused on places like Coronado, La Jolla and Del Mar. Now it appears that conditions are lining up for the city to get its second boutique hotel along Seacoast Drive.

Carlsbad Approves Lease for Grand Pacific’s Expansion Plans

After more than a year of discussion and debate, the city of Carlsbad has a plan in place to convert a small piece of city-owned land into an expansion site for a hotel owned and operated by locally based Grand Pacific Resorts.

Apartment Buildings Fetching Notable Deals

Downtown San Diego has recently seen its share of apartment property deals and new projects with dollar values in the tens and hundreds of millions.

Multifamily Is Still Sitting Pretty as Vacancy Rate Hits 3.59%

As the brokerage company Cassidy Turley noted in a newly issued report, an apartment vacancy rate below 5 percent is considered a landlord’s market.

Alliance Plans 7-Story Mixed-Use Project in the East Village

It turns out that Alliance Residential Co. wasn’t through with downtown San Diego when it recently decided to sell its 203-unit Broadstone Little Italy for $102.5 million, not long after completing the project earlier this year.

Academy Gives the I.D.E.A. District Its E: Education Component

It’s looking like the education component will make the first big impact in downtown San Diego’s long-discussed I.D.E.A. District — a mixed-use conversion of a rundown East Village neighborhood into what’s been envisioned as a lively hub for innovation, design, education and the arts.

Pendry Joins the List of Luxury Downtown Hotel Projects

Two more high-profile, hospitality-related projects recently broke ground in San Diego’s downtown area, giving continued heft to its status as the region’s prime hot spot for new development.

Council Committee Vote Shows Split on the Linkage Fee Issue

San Diego City Council before year’s end will be revisiting the touchy subject of how to finance affordable workforce housing through fees imposed on new commercial development projects.

San Diego-Centric Artisan Market Planned for Liberty Station

If a local restaurateur’s plans come to fruition, the next big arrival at the ever-evolving Liberty Station, in San Diego’s Point Loma neighborhood, will be a 21,000-square-foot public market that will put dozens of artisans and food vendors under one roof at the former Naval Training Center.

It Is a Lively Commercial Scene in and Around Downtown

If it seems like there’s been lots of churn lately in downtown San Diego’s commercial scene, there’s even more on the way in the Gaslamp Quarter and Little Italy.

Vista Brewer Is Bringing Its Craft(s) to Mercado Del Barrio

Experts at a recent craft beer summit in North County pointed out that brewers from that region have some work to do when it comes to boosting their profile in places such as the city of San Diego, which has its own crowded contingent of beer makers running their own tasting rooms and brewpubs.

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.

Bigger Budget Approved for Park Planned at Horton Plaza

Not much has happened at the site of the former Robinsons-May building since it was torn down more than a year ago to make way for a new downtown public square park at Horton Plaza.

Retail Developer Heads for the Border to Go Upscale, Duty-Free

Some nationwide retail developers have apparently decided that there’s room at the U.S.-Mexico border for more than just bargain-hunters at San Ysidro outlet malls.

Hotels, Retail, Amenities Increasingly Part of Office Development

The future of San Diego County’s office park development — and redevelopment — could be a continued blurring of the lines traditionally separating offices from hotel, retail and other types of commercial projects.

Joint Venture to Tackle Major Renovation of Town and Country

Lowe Enterprises is well known for big development projects in San Diego County, and its latest announced local venture is also high in profile. The Los Angeles-based developer is a part of a newly formed joint venture that will acquire and undertake a major renovation of the 60-year-old Town and Country Resort & Convention Center in Mission Valley. Dollar figures have not been divulged.

S.D. Market for Retail Space One of Tightest Among U.S. Metros

When it comes to space vacancy, San Diego has the fifth-tightest retail market among major U.S. metro regions, according to a newly released national report by brokerage company Cassidy Turley.

Renovation Will Bring a Breath of Fresh Air to Retail Center

Westfield Group is ratcheting up previously announced plans to overhaul its Plaza Camino Real mall in Carlsbad, with the tab now estimated at $300 million by the time it’s completed in fall 2016.

Mixed-Use Decisions Need to Consider Future Market Demand

Master planners of large, mixed-use communities face a challenge similar to assembling a jigsaw puzzle. They must not only make their projects pencil-out financially in today’s market, but also gauge whether the urban-style elements that consumers want now will still play with prospective homebuyers 10 or 20 years later.

Craft Beer Wave Is Headed for New Eatery at Belmont Park

These days a San Diego restaurant opening or menu update is hardly complete without craft beer somewhere in the mix, and local brews will soon play a big role in the ongoing renovation of the iconic Belmont Park in Mission Beach.

Better Times Turn the Good Locations Into Retail Hot Spots

No official word at press time on whether any of San Diego County’s RadioShack stores — numbering 34, according to the retailer’s website — will get the axe as the Texas-based company carries out plans to close up to 1,100 of its more than 5,000 U.S. locations, amid continued sales woes. But one thing has rec

S.D. County’s Apartment Market Climbs to No. 5 in the Nation

San Diego County landed at No. 5 in Marcus & Millichap Inc.’s latest annual performance rankings of the nation’s apartment markets, moving up one spot from its year-ago placement.

The Surf Has Influence on Makeover of Retail Turf in Del Mar

Donahue Schriber of Costa Mesa has a $4 million makeover in store for Del Mar Heights Village, a Vons-anchored shopping center that the real estate investment trust bought in 2012 for about $40 million.

Life Science M&As Tend to Increase Vacant Space in S.D. Market

Mergers and acquisitions may excite the life sciences community, but they’ve generally had a deflating effect on local real estate in the past few months.

Sumitomo Corp. Buys the Downtown BofA Tower for $73 Million

Real Estate Column

It wasn’t widely known at the time the deal closed that one of the world’s largest conglomerates is the new owner of the downtown San Diego office building at 450 B St., known locally as the Bank of America Tower.

Nonresidential Construction Malaise Reflects Uncertain Economy

Real Estate Column

San Diego County and the nation are in the midst of steady post-recession recovery when it comes to new construction projects, by most indicators; however, many contractors are not yet in a mood to celebrate.

Apartment Owners Continue to Enjoy Low Vacancy, Rising Rents

Real Estate Column

It’s a great time to be an apartment complex owner in San Diego County, judging by the late-year numbers.

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The Headquarters Brings Together Its Dining, Retail Lineup

Real Estate Column

Carlsbad-based developer Terramar Retail Centers has unveiled a full roster of dining and retail tenants set to open in November at The Headquarters at Seaport District on the downtown waterfront next door to Seaport Village.

Convention Center Expansion Plan Faces Its Official Critics

Commercial Real Estate Column

Port of San Diego officials and other backers of the proposed $520 million convention center expansion are likely to stage a miniconvention of their own on Oct. 10, when the California Coastal Commission discusses the latest version of the project.

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New Breweries Will Add to North County’s Rich Selection

Real Estate Column

North County is about to see some additions to its already burgeoning craft beer industry, with two new brew-centric businesses on the way in Carlsbad and Vista.

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Revamped La Casa del Zorro Resort Sets Date for Its Formal Debut

Real Estate Column

The new operators of La Casa del Zorro plan an Oct. 19 formal reopening for the vintage desert resort, which has recently undergone an extensive renovation.

San Diego’s Metro Industrial Market Ranks 17th in the Nation

Real Estate Column

The San Diego region ranks No. 17 on this year’s list of the nation’s best performing metro industrial markets, put out annually by Marcus & Millichap Real Estate Investment Services Inc.

Life Science Real Estate Leasing Stable, Moderate Growth Ahead

Real Estate Column

The general pull-back in San Diego County’s office market “flight to quality” that dominated the climate from 2010 through mid-2012 has not held true for life science real estate.

Planning Commission Approves 2 Hotels Near Carlsbad Airport

Real Estate Column

Carlsbad is about to see more growth in its hotel count. The city’s Planning Commission has cleared the way for two new hotels proposed near McClellan-Palomar Airport, with a total of 239 rooms.

Multifamily Is One of the Strong Sectors in Mixed Market

Real Estate Column

Investors nationwide view San Diego County’s commercial real estate market as a mixed bag of long-term prospects, according to results of the latest quarterly survey by the consulting firm Pricewaterhouse Coopers, also known as PwC.

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Firm Banks On Value of Local Hotel Market With Purchase

Real Estate Column

A couple of San Diego buildings with long historical ties to the downtown area were recently the target of some high-profile transactions. One of those was the property that currently houses the Courtyard by Marriott San Diego Downtown hotel at 530 Broadway, off Sixth Avenue.

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Hilton Renovation Puts Property’s Bay-Front Beauty on Display

Real Estate Column

The Hilton San Diego Bayfront hotel recently completed extensive outdoor renovations, aimed at better capitalizing on the downtown property’s waterfront location.

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Local Contracts for Future Construction Up 18% in First Quarter

Real Estate Column

The latest figures from McGraw-Hill Construction show San Diego County 18 percent ahead of a year ago for construction projects in the pipeline.

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Upscale Boutique Hotel Purchase Fits Firm’s Buying Strategy

Real Estate Column

Another downtown San Diego hotel in the hip, upscale “boutique” category has changed hands, with Illinois-based Inland Real Estate Group’s recent $53 million purchase of Andaz San Diego in the Gaslamp Quarter.

Demand Drives Improvements at Life Science Properties

San Diego’s life sciences real estate market experienced a busy 2012, with a flurry of renovations, big-ticket property purchases and announcements of upcoming construction. According to a recent report by the brokerage firm Cassidy Turley San Diego, the region’s biotech and pharmaceutical hubs are likely to remain beehives of activity in 2013.

Local Commercial Property Financing Expected to Surpass 2012

Real Estate Column

Commercial property deal volume in San Diego County topped $1.6 billion in 2012, a significant improvement over the last several years. But debt and equity financing have yet to return to pre-recession peaks, according to a recently released capital markets report by the brokerage firm CBRE.

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San Diego Takes 6th Again in Apartment Market Rankings

San Diego County placed sixth in the latest ranking of the nation’s strongest apartment markets, published annually by the brokerage firm Marcus & Millichap.

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Sudberry Properties Taps a Rich Vein of Retail Work

This will be a busy year in retail for locally based developer Sudberry Properties, which is nearing completion on a Carlsbad shopping center and moving ahead with planning for two large projects in San Diego.

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Big Lease Deals Could Spur Growth in Office Sector

Early indicators showed San Diego’s office real estate market starting 2013 still in recovery mode, although continued technology-related job growth could help put the region in an actual growth trajectory starting later this year.

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Westfield Helps Build Community Rather Than Just Retail

Just before excavating equipment tore into the front of the former Robinsons-May building at Westfield Horton Plaza — kicking off work on a new downtown public-square park

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Law Firms to Keep the Upper Hand in Property Negotiations

Like many types of office tenants, law firms have been able to drive hard bargains with their landlords since 2008.

Merged Firms Will Expand Their Reach in Local Real Estate

Harcourts International Ltd. Inc., an Australian real estate services company with a history dating back to 1888, recently made its arrival in downtown San Diego.

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Local Farmer’s Markets Aim to Grow ‘Buy Local’ Campaigns

The fruits (and vegetables) of the labors of San Diego County’s more than 6,000 food growers show up daily not only in grocery stores, but at more than 50 farmers markets held year-round in local shopping centers, commercial districts and public spaces.

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New Train Horn System Aims to Stop Noise in Its Tracks

The City of Del Mar is using a relatively new, high-tech method to deal with the old-school issue of loud train noises, which have long irritated residents and property owners in its downtown commercial district.

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Tesla Motors Puts Itself in the Middle of Mall’s Foot-Traffic

If you’ve always wanted to buy a cutting-edge, high-performance electric car at the same mall where you shop for jeans and handbags in San Diego, you’re in luck.

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Del Mar Luxury Hotel Is Seeking Offers in Slow Market

The pace of San Diego County hotel property sales has slowed down considerably since the first half of 2011, but a high-end resort in Del Mar could be among the next to change hands.

Plan Puts More Arts, Entertainment on Downtown’s Marquee

Downtown San Diego has its iconic social and entertainment centers like the East Village and Gaslamp Quarter.

Retail Outlets Are Still Placing Their Bets on San Diego

Retail sales nationally have recently flattened out, but that hasn’t stopped a steady parade of U.S. and global retailers announcing or opening new San Diego County stores over the past year.

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Multifamily Market Strong; Local Office Sector Sees Some Gains

San Diego’s office property market is showing moderate signs of improvement so far in 2012, signaled by a small decline in overall vacancy, positive net absorption and stabilized rents.

After ‘Grueling Process,’ Development Has Its Direction

Centre City Development Corp., downtown San Diego’s redevelopment agency, has approved plans for a 364-room, dual-hotel project being developed on the former Fat City/China Camp restaurant site in downtown San Diego.

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Two Waterfront Recreational Projects Get Port’s OK

Significant waterfront development projects are moving forward in National City and Coronado, after getting the green light from the Port of San Diego.

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Westfield Group Pours $180M Into Major UTC Mall Renovation

Australia-based Westfield Group, among the world’s largest mall operators, has embarked on what one company official says is its biggest investment to date in San Diego County: a $180 million renovation of its Westfield UTC.

Tenants Still Occupy Top Spot in Local Office Real Estate Market

San Diego has a lot of company among U.S. cities when it comes to the recovery of its office real estate market.

Guests Will Be Able to Make a Day and a Night of It at Park in 2013

Legoland California has set the date for the opening of its previously announced — and long-planned — hotel that will be built on the grounds of the popular Carlsbad amusement park.

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Developer Plans Otay Mesa Retail Center to Serve Border Region

San Diego-based Sunroad Enterprises is the latest developer making plans to serve what is expected to be a burgeoning population of shoppers in South County and the Tijuana region.

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Retail Vacancy Rate Downtown Shows Signs of a Turnaround

Especially since the recession hit, downtown San Diego has been a problem spot when it comes to filling retail spaces, with a vacancy rate far above the overall region’s rate of just over 5 percent.

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Car Dealerships Position Themselves for More Sales

One sure sign of an auto industry rebound is the churning of local dealership sites — with openings instead of closings on the horizon.

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Variety of Local Influences Shape the Visions for Public Square

Downtown San Diego redevelopment officials and mall operator Westfield Group have put forth three visions for a new public square to be built adjacent to the Westfield Horton Plaza retail center.

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Firms Shopping for Opportunities Buy Two Local Retail Centers

As new shopping center construction remains rare in San Diego County, some older established centers with solid customer traffic have recently changed hands.

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Staying in the Past Is Not an Option for Hotel

TOURISM: Extensive Renovations ‘Refresh’ Downtown Property

An extensive $200 million makeover of downtown’s San Diego Marriott Marquis & Marina is about a third complete, as work proceeds on what operators say is the largest renovation investment ever made by the hotel’s owner, Maryland-based Host Hotels & Resorts Inc.

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A Grand Entrance for SDSU Campus Gets a Nod From Trustees

The California State University Board of Trustees recently approved plans for what would eventually be a $268 million, mixed-use student housing and retail development proposed by San Diego State University.

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Bankruptcy Court to Have the Say on Sale of Downtown Hotel

A bankruptcy court on May 25 will hear a motion by the owners of the struggling Se San Diego hotel to sell the property to San Francisco-based Kimpton Hotel & Restaurant Group LLC for $49 million.

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Debt Still Weighing Heavily on Hotel Market Recovery This Year

The latest quarterly distress report from brokerage and consulting firm Atlas Hospitality Group finds many California hotels still suffering debt hangovers stemming from the Great Recession, even though overall hotel business has been on the upswing for much of the past year.

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Firm Makes $11.9M Purchase in Strong Carlsbad Industrial Market

Peregrine Realty Partners has purchased two Carlsbad industrial parks for a total of $11.9 million

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Firm Goes Shopping and Finds $500M in Retail-Space Opportunities

REAL ESTATE: Market Fundamentals Improve, Fueling Investor Interest

In the year since completing its initial public offering in April 2010, San Diego-based Excel Trust Inc.

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Waterfront Project Starting to Make Its Way Through Rough Seas

After years of discussion, revision and legal challenges, it appears that the first phase of downtown San Diego’s North Embarcadero waterfront project is finally a go.

After Shedding 10 Properties, Sunstone Back in Buying Mode

After forfeiting 10 hotels in the past two years, including four in San Diego, Sunstone Hotel Investors of Aliso Viejo is doing some high-end shopping in 2011.

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View of Local Hotel Market Sees the Sales Surge Continuing

A combination of improving fundamentals and rising investor demand brought a surge of California hotel sales in 2010, and conditions appear ripe for a continuation of that dynamic in San Diego County this year.

Partnership Will Put More Power Behind Chula Vista Development

Developers say the long-discussed Millenia, billed as a 210-acre “urban epicenter” of homes and commercial amenities in eastern Chula Vista, may now have the crucial element to push it forward — a new equity partner.

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Grocery Acquisition Reunites Related Farmers Market Stores

Two grocery companies started in different eras by the same San Diego family will soon be under the same roof, once the private equity firm Apollo Management LP completes its recently announced acquisition of a majority stake in Sprouts Farmers Market.

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Port Doesn’t Want to Let This Fishing Opportunity Get Away

The Port of San Diego is angling for infrastructure improvements that officials hope could spur a comeback for the region’s once robust commercial fishing industry.

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Survey Sees Signs of Optimism in Office and Industrial Markets

Researchers are reporting signs of real, quantifiable optimism — at least for the coming three years — about California’s office and industrial real estate markets, including the San Diego County scene.

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Wal-Mart Wants to Go Forward With Local Developments

Wal-Mart Stores Inc. fended off a bid by the City of San Diego to toughen the process for approving big-box “superstores.”

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Officials Look to Develop Plans for Gateway to S. County Beaches

Local port district and city officials are trying to figure out what to do with a nondescript 95-acre land parcel, called Pond 20, at the eastern entrance to Imperial Beach.

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Forecasts See Better Days for Some Sectors of Local Real Estate Market

Despite muted expectations for buying and selling activity in 2011, San Diego County’s office, retail and multifamily housing markets all rank among the nation’s top 10 for investment opportunities this year, according to real estate services firm Grubb & Ellis Co.

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Economic Forecasts See Some Opportunities for Investments

With sluggish growth prospects ahead in 2011 for San Diego County and the rest of the nation, property investors and building tenants will continue to find opportunities amid a mixed bag of economic trends.

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Move Puts Hurdles in Way of Big-Box Retailers

San Diego shoppers who don’t live near one of Wal-Mart Stores Inc.’s “Supercenter” locations — which sell a full line of groceries in addition to general merchandise — will likely have to wait a little longer for one to come to their neighborhood.

Transferring the Debt Service of Convention Center Proposed

Four San Diego City Council members have proposed transferring debt service on the San Diego Convention Center from the city’s General Fund to the Redevelopment Agency.

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Pair of Lawsuits May Complicate Downtown Redevelopment Plans

The debate over raising the funding cap for San Diego’s downtown redevelopment agency may not be over after all.

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Bridgepoint’s Local Footprint to Expand at Second Sunroad Building

One of San Diego’s largest employers — and also one of its biggest users of local office space in six locations — has plans to broaden its real estate footprint even further.

Buyers Move in on Local Apartment Market, Keeping Sales Hot

Local apartment investment has been on a roll lately, with several buyers announcing big acquisitions of existing San Diego County multifamily complexes in just the last two months. The hot streak held steady as October drew to a close.

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EPA Grant Will Help Jacobs Center Clean Up Mixed-Use Project Area

The Jacobs Center for Neighborhood Innovation, which is developing the mixed-use The Village at Market Creek in southeast San Diego, has been awarded a “brownfields” rehabilitation grant of up to $175,000 from the U.S. Environmental Protection Agency.

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Series of Investments Marks a Turning Point in Apartment Activity

The brokerage and research firm Marcus & Millichap recently issued a quarterly investment report predicting that improving San Diego apartment fundamentals will serve as a “springboard to more robust revenue growth in 2011” for apartment operators.

Hotel Makes Room for Some Big Changes at Its Bayfront Property

Jarring change has become a constant for San Diego County’s hotel scene during the past three years.

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Residential Construction Activity Up; Commercial Building Down

Construction activity continues to be a mixed bag of trends in San Diego County, with the residential side slowly improving and the commercial side still stuck in a rut.

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Building Blues Could Spur Housing Shortage, Economist Speculates

Could today’s sluggish pace of new-home construction help create tomorrow’s housing shortage in the San Diego County market?

County Bucking Trend of Distressed Commercial Property Loans

A new report by the local office of brokerage firm Cassidy Turley BRE Commercial notes that of all U.S. regions, the West accounts for the largest share of nationwide commercial property loan distress.

Companies Not Filling Up Vacant Space in 4 Main Biotech Centers

San Diego County has one of the nation’s largest concentrations of biotech firms — more than 500 companies generating an estimated $9 billion impact on the local economy. But its size couldn’t overcome what was a lackluster second quarter for the sector when it came to property leasing activity.

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Institute Mulls Lively and Artistic Scene at the Embarcadero

How to turn San Diego’s downtown waterfront into a vital hub for arts and entertainment will be a key focus of a conference — dubbed “Art in the City” — set for Sept. 4, sponsored by the Urban Land Institute’s San Diego/Tijuana District Council.

Report: Commercial Real Estate Lenders Re-entering Market

There’s still plenty of financial distress in the U.S. commercial real estate market, and a continuing “pretend and extend” approach by many lenders who haven’t pulled the trigger on borrowers behind on payments.

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Company to Use $100M Capital Infusion to Build Homes Locally

They’re both way down from pre-recession levels, but here’s yet more evidence that local prospects for housing construction are looking much better than commercial building at the moment.

Local Commercial Real Estate Market Among Least Distressed in U.S.

Halfway through 2010, the nation still hasn’t seen a crashing tidal wave of commercial property foreclosures that’s been predicted within the real estate industry for the past several months.

County’s Hotel Operators Must Take the Good News With the Bad

Staubach Bullish on Real Estate’s Future: Though he had a big impact on the game in a 10-year National Football League career, capped with an induction into its Hall of Fame, pro football is now a distant blip in the business life of Roger Staubach, who was in San Diego recently to meet with real estate executives.

County’s Retail Real Estate Market Improving

People still aren’t shopping the way they did in the old pre-recession days, and the picture might not be changing for a while.

City Council Gives Green Light to $200M Hazard Center Makeover

The San Diego City Council has approved plans for a $200 million redevelopment of the 20-year-old Hazard Center in Mission Valley.

Office Market Teeters on a Turning Point, Say Forum Executives

It’s well documented that office property buyers and renters are finding bargains in a national and local market where vacancies remain high and landlords are offering incentives galore to lure and retain tenants.

Broadway Lofts Recapitalized; Hotels on the Rebound; New Real Estate Index

A century after it was built, one of downtown San Diego’s oldest high-rises underwent a 21st-century financial renovation.

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