Ray Huard

Reporter

Email: rhuard@sdbj.com
Phone: 858-361-8082

Recent Stories

Affordable Housing Project First of Four Planned for Escondido

$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.

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FS Design Redoing Interiors at Palomar Medical Center

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.

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Irvine Co. Expands San Diego Offices

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.

Waterford Property Pays $157M for 3 Apartment Complexes

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.

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Replacing Classrooms and Expanding Services

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.

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Vista Medical Building Sold

A Vista medical office building has been sold for nearly $11.3 million.

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Encinitas-Based Tower 16 Acquires Albuquerque Properties

Tower 16 Capital Partners based in Encinitas has acquired four New Mexico apartment buildings with a total of 572 apartments for an undisclosed price.

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Mission Beach Apartment Building Sold

A Mission Beach apartment building has been sold for nearly $7.3 million.

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Riding Center Gives Way to Senior Living

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.

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Kearny Mesa Industrial Building Sold for $7.2M

CEG Capital Partners based in the College Area has acquired a 29,442 square foot Kearny Mesa industrial building.

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Rancho Bernardo Business Park Sold for $17.5 Million

Hill Properties based in La Jolla has acquired the Via Frontera Business Park in Rancho Bernardo for $17.5 million.

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Presidio Residential Capital Developing Housing in Tulare County

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.

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Lakeside Solar Thermal Company Moves from Research to Production

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.

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Former Marine Makes Boxing Accessible

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.

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Tight Apartment Market For 2022

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.

National City Building Could Serve as Catalyst

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.

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Carlsbad Industrial Building Sold

The 20,432 square-foot building at 6190 Corte Del Cedro went for $6.5 million.

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San Diego Apartment Complexes Sold

Three San Diego apartment complexes were sold for a combined price of nearly $12.8 million.

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Retail Real Estate Market Predicted to Do Well in 2022

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.

North Park Condominium Complex Trades Hands

A North Park condominium project has been sold for nearly $3.2 million.

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Chula Vista Apartment Complex Sold

A Chula Vista apartment complex has been sold for nearly $5.8 million.

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Rental Association Chooses Officers

Lucinda Lilley has been re-elected to a second term as president of the Southern California Rental Housing Association.

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Miramar Industrial Property Acquired

Three Mira Mesa commercial buildings totaling 17,931 square feet on a nearly 3.6-acre site have been sold for $13.9 million.

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Carlsbad Apartments Sold

A Carlsbad apartment building with 14 units has been sold for $5.2 million.

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El Cajon Apartment Complex Sold

An El Cajon apartment complex with 25 units has been sold for nearly $6.1 million.

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Rancho Bernardo Office Building Sold

The Pinnacle, a Rancho Bernardo office building, has been acquired for an undisclosed price by Innovatus Capital Partners of New York.

Spring Valley Office Building Sold

A Spring Valley commercial building has been sold for $3.9 million.

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Trio of Buildings in Hillcrest Sold

Three adjacent Hillcrest commercial buildings have been sold for $13 million.

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Access Youth Academy Adds For-Profit Club

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.

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Chicago Firm Opening San Diego Office

Perkins & Will Designed Standout UC San Diego Building

Chicago-based Perkins & Will architects based is opening a San Diego office.

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Kevin Ham ‘Made a Difference’

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.

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Reef Balls Protect Chula Vista Shorefront

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.

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Chula Vista Apartment Complex Sold

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.

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Normal Heights Apartments Sold

The complex has 18 apartments.

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Ocean Beach Apartment Complex Sold

The sale was for nearly $2.4 million.

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El Cajon Starbucks Sold

An El Cajon Starbucks café and drive-through has been sold for nearly $3.9 million.

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Students Win Business Competition

Students were tops among 172 competitors.

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Builder Sees 2022 as Year of Opportunity

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.

Hotel Planned in Rebounding Market

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.

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Half Interest in Downtown Omni Hotel Sold

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.

Vista Self Storage Center Sold for $34 Million

Buchanan Street Partners based in Newport Beach bought the building at 1340 North Melrose Drive from Chicago Capital Funds, which built it.

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Turning Standard Buildings Into Life Science Labs

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.

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Workforce Housing Being Created in Escondido

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.

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Otay Mesa Industrial Land Sold

An Otay Mesa industrial site has been sold for nearly $3.2 million. The property covers 93,218 square feet.

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Pathfinder Partners Sells Colorado Complex

The property was renovated.

Bike Center Planned for Liberty Station

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.

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Miller Hull San Diego Adds Principal

Danielle Buttacavoli has joined the Millier Hull San Diego studio as a principal. She comes from BNIM.

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Otay Mesa Industrial Park Sold for $135M

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.

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Normal Heights Apartments Sold

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.

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SD’s Home Buying Frenzy Fades

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.

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