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Cash homes sales dropped in May

Cash sales of homes across the U.S. are down to their lowest level in nearly six years, according to the latest sales report from RealtyTrac.

Baby boomers could outpace millennials in apartment demand

While millennials will continue to be the main driver for apartment occupancy and new construction for the next few years, downsizing baby boomers will represent an ever-larger share of activity over the long term, according to a report.

Apartment in City Heights on 44th Street sold

The 14-unit apartment complex in City Heights at 4142 44th St., in San Diego 92105, has been sold for $1,405,000.

Builders reflect on 2013 IPOS

Carlsbad Executive Plaza sold for $23.85M

Realty Income increases credit facility again

HomeFed has $125 million private placement

Commercial units in Atria condo sell

Apartments on Menlo and 50th in SD sold

Developer blasts Civic San Diego selection process

Other Real Estate Headlines:

Cash homes sales dropped in May

Cash sales of homes across the U.S. are down to their lowest level in nearly six years, according to the latest sales report from RealtyTrac.

Philippine Auto-Hub Ambitions Lure Ayala, Megaworld to Factories

(Bloomberg) -- Philippine developers are expanding into industrial estates as the government moves to make the nation a car-manufacturing hub have sparked interest from Japanese automakers.

Manhattan penthouse relisted at $79M

Steven A. Cohen, the billionaire investor who founded Point72 Asset Management, relisted his One Beacon Court penthouse for $3 million less than he last asked for the Manhattan duplex.

Baby boomers could outpace millennials in apartment demand

While millennials will continue to be the main driver for apartment occupancy and new construction for the next few years, downsizing baby boomers will represent an ever-larger share of activity over the long term, according to a report.

Bidding wars push Manhattan apartment prices to record

Manhattan apartment prices jumped to a record in the second quarter, pushed up by competition for a limited number of properties and strength in the luxury market.

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Leasing Notes

Leung Sam Yung and Kwok Yin Tin Stewart Keith and Bill Thaxton of Flocke & Avoyer Commercial Real Estate Russo Properties, Ltd itself Retail 1,200 square feet San Diego CA 92115 Campus Plaza 6165 El Cajon Blvd., Suite 1B 5 year a watch repair and jeweler $135,000 6/30/2015
Mirch Masala, Inc. Stewart Keith and Bill Thaxton of Flocke & Avoyer Commercial Real Estate Russo Properties, Ltd Din Sharma of DDS Commercial Real Estate Retail 1,200 square feet San Diego CA 92115 Campus Plaza 6165 El Cajon Blvd., Suite 1E 10 year an Indian restaurant $281,940 6/30/2015
CRUDO Bo Havlik and Victor Aquilina of Lee & Associates Village at Pacific HIghlands Ranch themselves Retail 3,499 square feet San Diego CA 92130 Pacific Highlands Ranch Pkwy and Village Way 11 year Chef Pascal Lorange's newest restaurant concept $2,483,000 6/23/2015
Robert R. Redwitz & Company Jeff Saywitz and Pat Fay of The Saywitz Company The Irvine Company Rachel Brown of The Irvine Company Office 4,791 square feet La Jolla CA 92037 Executive Square 4275 Executice Square 7 year an accounting and consulting corporation $1,000,000 6/17/2015
Alimi, LLC itself Westwood Shopping Center, LLC Steve Avoyer of Flocke & Avoyer Commercial Real Estate Retail 1,750 square feet Oceanside CA 92054 Westwood Shopping Center 17631 West Bernardo Drive 5 year a pizza restaurant $213,693 6/17/2015
Last Updated 6/30/2015

Top 5 Homesales

15-0336602 house San Diego CA 92114 1640 Weaver St Louis Wilson and Maryam Wilson, trustees Travis M. George and Karen Cabello 543-051-04 $300,000 6/29/2015 7/2/2015
15-0338783 house San Diego CA 92131 10624 Claridge Ct Perry Tempel and Kimberley M. Tempel Jamg Sik Ham 319-650-05 $960,000 6/29/2015 7/2/2015
15-0338785 house Escondido CA 92026 1465 Anoche Gln Richard E. Montague and Laura M. Montague, trustees John A. Winn and Ellen S. Winn 224-870-31 $400,000 6/29/2015 7/2/2015
15-0338810 house Ramona CA 92065 2442 Duraznitos Rd Shirley Ann Stauffacher, trustee Stephen W. Pollett and Lucile A. Pollet 285-110-15 $385,000 6/29/2015 7/2/2015
15-0338825 house San Diego CA 92128 16704 Juarez Dr The Kathleen F. Wright Gregg Williams 274-630-16 $560,000 6/29/2015 7/2/2015
Last Updated 6/29/2015

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In The News

Three years after a $1 million gift from the Moxie Foundation kick-started the Moxie Center for Student Entrepreneurship at UC San Diego’s Jacobs School of Engineering, the entrepreneur-support organization has closed its doors. 

SDAR Scoop

SDAR SCOOP June 2015

June 9, 2015 -- George Chamberlin talks with current president of the Greater San Diego Association of Realtors, Chris Anderson, about May housing stats, and SDAR's revamp website at www.sdar.com.

Real Estate Videos

Interview with CBRE's Mike Hoeck

June 29, 2015 -- George Chamberlin and Mike Hoeck, a first vice president with CBRE, discuss how changes in the legal industry and the work environment affect law office space

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Apartment Consultants Inc. -- Decades of Success

Find out what makes Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego County. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income  property escrows than any other firm in the county.

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