$32 Million Valley Senior Village Is Slated to Be First of a Series
A downtown Escondido apartment project that started construction in mid-January will be the first in a series of similar North County affordable housing projects.
HEALTHCARE: Revamped Decor Focuses on Patient Comfort
Cold, sterile maybe even scary used to be words that might come to mind in describing a traditional medical center or outpatient clinic. Now, try warm, inviting, even comfortable.
Business Owns 9 Million Square Feet of Commercial Space in the Local Market
Irvine Company is expanding its San Diego operations as the company predicts a big year in 2022.
REAL ESTATE: Lower Rents the Goal in Escondido
Waterford Property Co., based in Newport Beach, has acquired three Escondido apartment complexes for $157 million in partnership with the California Statewide Community Development Authority as part of a program to provide stable housing for middle income renters.
HIGHER EDUCATION: Grossmont College Launches $49.3M Project
A $49.3 million construction project under way at Grossmont College in El Cajon will greatly expand services the college offers veterans and replaces several aging classroom buildings.
Tower 16 Capital Partners based in Encinitas has acquired four New Mexico apartment buildings with a total of 572 apartments for an undisclosed price.
A Mission Beach apartment building has been sold for nearly $7.3 million.
Westmont Redevelops Former Seabreeze Farms Property
La Jolla-based Westmont Living is building a new senior living complex in Carmel Valley, its fifth in San Diego County.
CEG Capital Partners based in the College Area has acquired a 29,442 square foot Kearny Mesa industrial building.
Hill Properties based in La Jolla has acquired the Via Frontera Business Park in Rancho Bernardo for $17.5 million.
Presidio Residential Capital based in Scripps Ranch in partnership with San Joaquin Valley Homes is planning to build a new housing development in the Tulare County community of Dinuba.
MANUFACTURING: Hyperlight Energy Kicks Off Crowd Sourcing Campaign
A Lakeside company that makes solar thermal equipment for commercial use is looking to move beyond development to production through a crowd sourcing campaign.
RECREATION: Boutique Solana Beach Club Spotlights ‘Sweet Science’
Austin Steimle started boxing when he was a teenager on a high school boxing team in Cincinnati. A former Marine, Steimle never boxed professionally but has retained his passion for the sport.
Many See Construction Ahead
San Diego was second in the nation when it came to people looking for places to rent as 2021 came to a close, according to Yardi Matrix, a national apartment listing agency.
ARCHITECTURE: $35M Apartment Building May Spur Downtown Development
A groundbreaking National City apartment project that includes retail and office space with an unusual mix of living spaces is setting a tone aimed at drawing other developers to the city center.
The 20,432 square-foot building at 6190 Corte Del Cedro went for $6.5 million.
Three San Diego apartment complexes were sold for a combined price of nearly $12.8 million.
Vacancy Rate Along Coast Is Below 3%; Traffic Is Up in Malls, Lifestyle Centers
San Diego County’s retail sector ended the year on a high note for commercial real estate, with predictions that 2022 will be a year of continued recovery.
A North Park condominium project has been sold for nearly $3.2 million.
A Chula Vista apartment complex has been sold for nearly $5.8 million.
Lucinda Lilley has been re-elected to a second term as president of the Southern California Rental Housing Association.
Three Mira Mesa commercial buildings totaling 17,931 square feet on a nearly 3.6-acre site have been sold for $13.9 million.
A Carlsbad apartment building with 14 units has been sold for $5.2 million.
An El Cajon apartment complex with 25 units has been sold for nearly $6.1 million.
The Pinnacle, a Rancho Bernardo office building, has been acquired for an undisclosed price by Innovatus Capital Partners of New York.
A Spring Valley commercial building has been sold for $3.9 million.
Three adjacent Hillcrest commercial buildings have been sold for $13 million.
NONPROFITS: Proceeds to Underwrite Free Squash Programs
After moving into its new $12.5 million Chollas View center in the summer, the nonprofit Access Youth Academy has created a for-profit arm to help underwrite the cost of the free squash youth program it offers for children from some of San Diego’s most impoverished neighborhoods.
Perkins & Will Designed Standout UC San Diego Building
Chicago-based Perkins & Will architects based is opening a San Diego office.
ECONOMIC DEVELOPMENT: SDNEDC Honors Retiring Development Director
Kevin Ham has worked as a grocery store clerk, owned his own computer retail store and sold insurance. “Those experiences really prepared me well for the industry I am very well-suited for, which is economic development,” Ham said.
Environment: $1.5M Pilot Project Stems Shoreline Erosion
A $1.5 million collection of reef balls has been installed along the Chula Vista Bayfront next to the Chula Vista Wildlife Refuge in a pilot project meant to protect the coast from rising sea levels and shoreline erosion.
A Chula Vista apartment complex has been sold for $6 million. E Street Apartments, 585 E St., was sold by Edificio Paloma, LLC to Positive Investments.
An El Cajon Starbucks café and drive-through has been sold for nearly $3.9 million.
Suffolk Anticipates a 'Wave' of Apartment Construction
Suffolk Construction Company, the general contractor behind some of San Diego’s top residential projects, is predicting a rash of new apartment construction in 2022.
Home2 Suites by Hilton Set to Open in San Marcos by 2023
A Mission Valley hotel developer and operator is planning to build a 110-room hotel in San Marcos in a hospitality market that is quickly recovering from the 2020 downturn caused by the COVID 19 pandemic.
Trinity Fund Advisors based in Honolulu has acquired a 50% interest in the Omni San Diego Hotel from JMI Realty. The purchase price was not disclosed.
Buchanan Street Partners based in Newport Beach bought the building at 1340 North Melrose Drive from Chicago Capital Funds, which built it.
REAL ESTATE: Delawie Specializes in Office Conversions
Taking a standard office building and turning it into a place of wonder and discovery for life science is the challenge that the San Diego architectural firm Delawie was given by Sterling Bay West.
REAL ESTATE: Affordable Rentals to Be Offered at Below-Market Rates
Two Escondido Apartment complexes have been purchased through the California Municipal Finance Agency with plans to turn them into workforce housing with reduced rents.
An Otay Mesa industrial site has been sold for nearly $3.2 million. The property covers 93,218 square feet.
NONPROFITS: Group Needs $2.6M to Create City Cycling Hub
Bicycle enthusiasts hope to raise $2.6 million to renovate a vacant building at Liberty Station as a bicycling center that will include a bicycle museum, repair shop and meeting areas.
Danielle Buttacavoli has joined the Millier Hull San Diego studio as a principal. She comes from BNIM.
An Otay Mesa industrial park has been sold for $135 million. EastGroup Properties based in Jackson, Mississippi, acquired Vista Logistics Center II from an IDS Real Estate Group-affiliated entity.
A Normal Heights apartment complex has been sold for nearly $2.6 million. The property at 4775 Wilson Ave. was sold by the Mincks Family Trust 08-08-00.
Buyers Are Not Making Offers Well In Excess of Asking Prices
Home prices are rising at a slower rate than they were earlier this year as the buying frenzy of just a few months ago fades, according to the Greater San Diego Association of Realtors.