| San Diego Business Journal

Imperial Beach Complex Sold

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.

Encanto Apartment Complex Sold

An Encanto apartment complex has been sold for $3.4 million. The complex has 12 apartments.

Brookfield Properties Renovated East Village Offices for Expansion

Brookfield Properties has completed a $2 million renovation of its East Village regional headquarters in an historic building known as Eagles Hall.

Transit-Oriented 'Boutique' Apartments Coming to North Park

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.”

In Otay Mesa, Crunch Is on for Industrial Space

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.

Raymond Fox's Skills Are in High Demand

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.

Vista Project Promotes Art

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.

San Marcos Industrial Building Sold

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.

Lincoln Park Apartment Complex Sold

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.

Kensington Apartment Building Sold

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.

Golden Hill Apartment Building Sold

A Golden Hill apartment building has been sold for $3 million. Pujji OZ Holdings, LLC, bought the property at 2826-2836 E St.

IDEA1 in East Village Sold for $106M

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.

Clairemont Apartment Building Opens for Formerly Homeless Seniors

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.

A Passion for Carpentry

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 Space in High Demand, Low Supply

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.

Vista Hires New Economic Development Director

Vaupel replaces Kevin Ham, who retired.

$12M East Village Micro-Apartment Like Swiss Army Knife

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.

New $10M Cerebral Palsy Center Debuts at Rady Children’s Hospital

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.

North Park Apartment Building Sold

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.

Plug-and-Play Lab and Office Space Opens

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.

Temecula Retail Center Sale Arranged by San Diego Broker

A Temecula shopping center has been sold for nearly $17.3 million in a deal arranged by a San Diego broker.

Huge UTC Life Science Building Leased to Bristol Myers Squibb

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.

February Housing Prices Are Jaw Droppers

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.

National City Tower Planned

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.

Visionary Leader Charting a New Course

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.

Canadian Company Buys SD Life Science Properties for $464M

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 Acquire Sorrento Mesa Property

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.

Linda Vista Apartment Complex Refinanced

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.

San Diego Agent Brokers San Francisco Deal

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 Buys Phoenix Property

Stos Partners based in Encinitas has acquired a Phoenix industrial building for nearly $4.5 million.

Pacific Gateway Plaza Sold for $9M

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.

Senior Living Project Has Encinitas Style

$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.

Copley Symphony Hall Undergoing a $125M Makeover

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.

Dekel Capital Plans Golden Hill Apartments

A Los Angeles investment firm plans to build a $90 million apartment building on the Golden Hill site of a former market.

Revised Seaport San Diego: Bigger Project, Higher Price Tag

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.

HGA Architects Opens San Diego Office

REAL ESTATE: Minnesota-based Firm Increases Golden State Footprint

HGA, an architecture and design firm based in Minneapolis, has opened a San Diego office.

Lemon Grove Townhomes Sold

A Lemon Grove townhouse development has been sold for $9 million.

Imperial Beach Apartment Complex Sold

The building has 19 apartments.

Maker of EV Charging Stations Acquires Battery Company

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.

Affordable Housing Project Connects to Trolley

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.

Demand Soared for Apartments in 2021

San Diego's commercial real estate market for apartments never before saw a year quite like 2021.

Oceanside Apartment Building Sold

An Oceanside apartment complex has been sold for $4.4 million.

North Park Apartment Building Sold

A North Park apartment building has been sold for $3 million. Crimson Pointe, LLC bought the building at 4032 Alabama St.

Mixed-Use West Project Includes $80M Tunnel

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.

Cherokee Point Apartments Sold

A Cherokee Point apartment complex that includes three buildings has been sold for $7.5 million.

Restaurant Building Sold

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.

Carlsbad's Capstone Advisors Buys Riverside Land for $3 Million

Capstone Advisors, a real estate investment firm based in Carlsbad, has acquired 26.5 acres of land in Riverside County.

Key North County Project Moving Forward

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.