San Diego
California People and Company News for Sept. 15, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
Nordstrom Rack to Open Third San Diego Location
Seattle-based fashion retailer Nordstrom, Inc. plans to open a new Nordstrom Rack in San Diego. The 26,000 square-foot store will be located in Clairemont Town… Read more
El Cajon Mobile Home Park Sells to Local Investor
Marcus & Millichap closed the sale of Shady Lane Mobile Home & RV Park, a 100% occupied, 41-site manufactured homes… Read more
MG Properties’ $90M Multifamily Buy Expands Bay Area Presence
MG Properties, a real estate investment and management company based in San Diego, acquired Artist Walk Apartments, located in Fremont, from… Read more
Rady Children’s Hospital Breaks Ground on $1.2B Expansion
Rady Children’s Hospital-San Diego broke ground recently on the largest construction project in its nearly 70-year history: a seven-story, 500,000-square-foot… Read more
Phase 1 of $3B Mixed-Use Receives $41M State Funding
California’s Affordable Housing and Sustainable Communities (AHSC) program has granted $41.1 million to Phase 1 of Riverwalk San Diego, a $3-billion, 200-acre… Read more
New Laredo Business Park Part of Growing Trend
Industrial builders are thriving along the Mexican border. Cities like El Paso and San Diego have seen a steep increase… Read more
CMBS Distress Rate Rises for Top 20 SMSAs
The distress rate for CMBS loans across the 20 largest markets in August was 7.2%, slightly above the national CMBS… Read more
Macy’s Signs with Kimco for Small-Format Store in Santee
Macy’s signed a 30,000-square-foot lease for a small-format store at Santee Trolley Square, located at 9918 Mission Gorge Rd. in… Read more
Marcus & Millichap Closes Sale of Manufactured Home Park in Lakewood
Marcus & Millichap closed the sale of Los Amigos Mobile Home Park, a 72-site manufactured home community on 7.46 acres… Read more
Alloy Properties Completes Life Science Conversion in Sorrento Mesa
Alloy Properties has completed the office-to-life science construction of Elements, a three-building, 290,000-square-foot life science campus located on 7.9 acres at 10201-10241… Read more
Developers Vie for Redevelopment of Navy’s Old Town Campus
Four developers have submitted proposals to redevelop the U.S. Navy’s Old Town campus in San Diego, reported the San Diego… Read more
Stuf Self-Storage Expands to Atlanta’s West Midtown
Self-storage startup Stuf has grown its national tech-enabled network into the southeast with a new Atlanta location. The company also… Read more
Construction Launches on Otay Business Park Near Mexican Border
Construction is underway at Otay Business Park in the Otay Mesa submarket of San Diego. The 119-acre property was acquired… Read more
Scripps Ranch Industrial Fetches $34M
Colliers has closed the $33,998,888 sale of an 85,824-square-foot industrial property located at 10054 Old Grove Rd. in San Diego. Originally built in 1982 for… Read more
San Diego Apartments Trade with Creative Seller Financing
Marcus & Millichap recently finalized the sale of 1534 Diamond St., an eight-unit apartment property located in the Pacific Beach neighborhood… Read more
JLL Arranges Construction Take-Out for San Diego Multifamily
JLL Capital Markets arranged $28-million construction take-out financing for Casa Verde, a 94-unit urban infill apartment community located at 3066 North… Read more
EY: Five Takeaways from a Recent Look at Office Trades
By Brett Johnson, Mark Grinis and Katie Miller Pre-pandemic, the office sector was a long-established, relatively stable, and generally promoted… Read more
Sprouts, Shake Shack Among Anchor Tenants for SD’s Campus at Horton
Stockdale Capital Partners, a Los Angeles-based real estate investment firm, announced its inaugural tenants at its newly renovated Campus at Horton… Read more