Lincoln Avenue Capital, based in Santa Monica, in partnership with Pacific Housing Inc., which is based in Sacramento, has signed an agreement with National City to covert an existing market-rate apartment complex into affordable housing with a cap on rents.
Foundation Medicine, based in Cambridge, Mass., has signed a 10-year lease on a more-than 80,000-square-foot building in Torrey Pines, marking the company’s formal entry into the San Diego life-science market.
REAL ESTATE: Endowment to Help Retain, Attract Top Faculty
Capstone Advisors, led by Alex Zikakis, has endowed a professorship in real estate at the Burnham-Moores Center for Real Estate at the University of San Diego.
REAL ESTATE: Commercial Development Booming Downtown
The East Village commercial real estate market is going strong, although there’s been a pause in new projects opening as developers catch up on projects that were slowed in 2020 and 2021 due to COVID.
The San Diego Business Journal looks at the future of East Village; ranks San Diego County's largest office parks, retail centers and industrial parks; and offers a wealth of data on office, retail and industrial property at the close of Q2.
An Encinitas building that includes office and residential space has been sold for $3.9 million.
KB Home in partnership with IHP Capital Partners is building a housing development in Carlsbad on the 20-acre site of a former nursery at 4901 El Camino Real.
DEVELOPMENT: Recreating a La Jolla Success Story
Jason Peaslee is trying to recreate the quaint atmosphere and charm of The Cottage restaurant that he and a partner own in La Jolla in a remodeled portion of an Encinitas shopping center.
Longfellow Real Estate Partners is building its first ground-up life science building in San Diego with construction of the 320,000-square foot Bioterra building.
Demand for industrial space in San Diego County set a record in the second quarter of 2022, with the county-wide vacancy rate dropping to the unheard-of level of less than 2% and rents rapidly rising.
HEALTHCARE: New Behavioral Health Institute a Joint Venture
Palomar Health is planning to build a $100 million mental health hospital in Escondido.
Stos Partners based in Encinitas has acquired a Tennessee industrial building in the Nashville suburb of Spring Hill for $52 million.
A South Park apartment building has been sold for $3.2 million. The property at 3136 Hawthorn St. was bought by 3136 Hawthorn St., LLC.
The 3,700 square-foot building at 281 Fourth Ave – 4th & Palm – was acquired by 4th Avenue Property Owner, a developer based in Brooklyn, NY.
REAL ESTATE: Making a Name for a Business
Real estate developers are pros when it comes to building everything from the apartment towers that are changing the skyline of downtown San Diego to single-family homes. But when it comes to making a name for themselves and establishing a brand identity, that’s another matter entirely.