An Imperial Beach apartment project has been sold for $2 million. Family Income Properties, LLC bought the property at 1443 and 1447 Holly Ave. from The Rosmann Family Trust 05-23-1998.
An Encanto apartment complex has been sold for $3.4 million. The complex has 12 apartments.
Brookfield Properties has completed a $2 million renovation of its East Village regional headquarters in an historic building known as Eagles Hall.
DEVELOPMENT: $35M Project to Provide Affordable Housing
North Park-based Malick Infill Development, in partnership with a pair of New Mexico companies, broke ground in mid-March on what the developers are calling “a boutique residential community.”
Otay Mesa is awash in industrial projects, both new construction and the sale of existing warehouses, as San Diego’s industrial market is a top choice among investors with the outlook that the surge of activity will continue through 2022 into 2023.
ARCHITECTURE: Medical Projects Are His Specialty
San Diego architect Ray Fox is the man medical professionals from across the country turn to when they need someone to design a new office or transform a tired old building into a model of modern medicine.
REAL ESTATE: $15.3M Building Features Massive Mural
A $15.3 million Vista apartment building with a 60-foot tall mural on an exterior wall in the center of what the city hopes will become a downtown art district is opening with a goal of fostering the arts.
A San Marcos industrial building has been sold for nearly $5.6 million. Rider Street, LLC bought the 21,867 square-foot building at 692-694 Rancheros Drive.
A Lincoln Park apartment complex has been sold for $3.4 million. The Pick Family Trust of San Rafael bought the property at 5406-5418 Imperial Ave.
A Kensington apartment building has been sold for nearly $2.7 million. AZ Investments bought the 5,616 square-foot building at 4344 Van Dyke Ave.
A Golden Hill apartment building has been sold for $3 million. Pujji OZ Holdings, LLC, bought the property at 2826-2836 E St.
An East Village apartment and commercial complex that was built during the early stages of an ongoing renaissance of the neighborhood has been sold for $106 million.
A once-vacant Clairemont office building has been replaced with an apartment complex that offers permanent housing to 52 seniors who had been sleeping on the streets or in their cars.
REAL ESTATE: Black Contractors Association Flourishes Under Hameed
Well before he founded the National Black Contractors Association for which he’s known, Abdur-Rahim Hameed got his first taste of the construction trades.
Medical office buildings were a hot real estate investment in 2021 and are likely to be even more so in 2022, according to a new report from the commercial real estate brokerage JLL.
MULTIFAMILY: 46-Unit Project Includes Reassembled Victorian Home
A $12 million East Village micro-apartment project incorporates a Victorian home that was taken apart piece-by-piece and reassembled with the exterior restored.
ARCHITECTURE: Project is Revolutionary in Design, Patient Treatment
Ware Malcomb has designed a ground-breaking cerebral palsy clinic at Rady Children’s Hospital that incorporates revolutionary technology and designs.
A North Park apartment complex has been sold for $3.3 million. Rise Investments, LLC and David Hamilton bought the property at 4559 Hamilton St.
Breakthrough Properties Offers ‘Inspirational Spaces’ for Growing Firms
Breakthrough Properties, based in Los Angeles, has formed StudioLabs to offer plug-in ready lab and office space in San Diego to new and growing life science and biotech companies.
A Temecula shopping center has been sold for nearly $17.3 million in a deal arranged by a San Diego broker.
REAL ESTATE: Big Pharma Blue-Chip Coming to UTC
Bristol Myers Squibb has leased a 427,000-square-foot building that Alexandria Real Estate Equities is building in UTC.
A “jaw dropper” was how Chris Anderson, president of the Greater San Diego Association of Realtors described the group’s report on February median home prices as they creeped ever closer to the $1 million mark.
HOUSING: MAAC Eyes 4 Affordable Complexes
San Diego’s MAAC Project is building a 22-story affordable housing project in National City that will have 400 apartments geared toward low-income families.
REAL ESTATE: Burnham Exiting Cushman & Wakefield to Focus on 'Think-and-Do' Tank
At 94, Malin Burnham is giving up his post as vice chairman of Cushman & Wakefield, the commercial real estate firm that he joined in 2008 when he sold Burnham Real Estate to Cushman & Wakefield. But don’t say he’s retiring.
REAL ESTATE: Oxford’s Deal Includes 13 Buildings
The Canadian-based Oxford Properties Group has entered the San Diego life science market in a big way, buying 13 buildings for $464 million with plans to buy more.
Sterling Bay and Harrison Street, real estate development and management firms headquartered in Chicago, have acquired a vacant office building in Sorrento Mesa with plans to renovate it for life science tenants.
A Linda Vista apartment building, Blend-SD, has been refinanced with a $13.1 million loan arranged by JLL Capital Markets. The complex was built in 2021.
William Anderson, principal of ACRE Investment Real Estate Services in San Diego, brokered the $11.1 million sale of a San Francisco apartment building.
Stos Partners based in Encinitas has acquired a Phoenix industrial building for nearly $4.5 million.
CEG Capital Partners has acquired Pacific Gateway Plaza in Kearny Mesa for $9 million. The 26,939 square-foot project is at 3707 and 3709 Convoy St., at the intersection of Aero Drive.
$39M Complex by Westmont Living Shuns Institutional Look
Ware Malcomb architects with San Diego offices in Sorrento Valley is expanding its push into the senior living market with the completion of the $39 million Westmont of Encinitas.
ARTS: CEO Says Changes to Dramatically Improve Historic Venue
A $125 million renovation of the Jacobs Music Center and Copley Symphony Hall is aimed at transforming the historic former Fox movie theater into a true concert hall with a variety of structural changes to dramatically improve acoustics.
A Los Angeles investment firm plans to build a $90 million apartment building on the Golden Hill site of a former market.
REAL ESTATE: Projected Cost Hits $3.5B on Downtown Mega-Redevelopment
The price tag on a massive redevelopment that will replace Seaport Village on San Diego’s downtown waterfront has jumped from $2.5 billion to $3.5 billion under a revised plan.
REAL ESTATE: Minnesota-based Firm Increases Golden State Footprint
HGA, an architecture and design firm based in Minneapolis, has opened a San Diego office.
MANUFACTURING: Beam Global Doubles Size of Portfolio
Beam Global, a manufacturer of portable electric vehicle charging stations, is acquiring AllCell Technologies, a Chicago-based company that manufactures the batteries that are used in Beam’s portable charging stations.
REAL ESTATE: $62M Development at Grantville Trolley Station
Affirmed Housing, in partnership with the Metropolitan Transit System, is building a $62.7 million affordable housing project at the Grantville Trolley Station on Alvarado Canyon Road.
San Diego's commercial real estate market for apartments never before saw a year quite like 2021.
A North Park apartment building has been sold for $3 million. Crimson Pointe, LLC bought the building at 4032 Alabama St.
CONSTRUCTION: $400 million Downtown Tower is a First for San Diego
A $400 million downtown tower under construction on the site of what was once the San Diego County superior courthouse is part of a wave of projects scheduled to open downtown within the next two years.
A Cherokee Point apartment complex that includes three buildings has been sold for $7.5 million.
A San Marcos building that had been the home of Slaters 50/50 restaurant has been sold with plans to reopen it as a new restaurant.
Capstone Advisors, a real estate investment firm based in Carlsbad, has acquired 26.5 acres of land in Riverside County.
REAL ESTATE: $2B North City Rebounds from Pandemic
North City, the $2 billion San Marcos project that’s seen as a critical North County economic driver, is recovering quickly from a downturn caused by the COVID-19 pandemic.
The Greater San Diego Association of Realtors has formed partnerships with real estate associations in Canada and Mexico.