Real Estate
NEWS
The median price of existing, single-family detached homes increased 1.7 percent in San Diego County in April to $369,910, up from $363,710 in March but down 2.2 percent from April 2011, according to the California Association of Realtors (CAR).
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The three houses at 6229, 6237 and 6245 Montezuma Road, San Diego 92115, have been sold for $2.7 million. The property will become the site of a 24-unit multifamily complex.
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The Deal of the Week was handled by Allen Chitayat and Steve Huffman, of the San Diego office of Hendricks & Partners; and Douglas Simmons, of DWS Real Estate.
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The 49,604-square-foot flex office/R&D/industrial/warehouse building in Sorrento Mesa at 6795 Flanders Drive, San Diego 92121, has been sold for $4.65 million, cash.
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The Inland Empire industrial market brought down its vacancy rate to an even 7 percent during the first quarter, but with more than 3.2 million square feet largely unleased space under construction, the market could be overbuilding.
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O'Reilly Auto Parts has leased 6,600 square feet of retail space at 9732-9738 Winter Gardens Blvd., Lakeside 92040, from Mar LLC. The property was leased for 15 years at $1,928,362.
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The 34-unit apartment at 275 Ballantyne St., in El Cajon 92020, has been sold for $2.85 million, cash.
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Jones Lang LaSalleís landlord leasing group recently completed three transactions totaling 31,415 square feet of space.
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The approximately 5,929-square-foot industrial condominium, at 1936 Kellogg Ave. in Carlsbad 92008, has been sold for $742,000.
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(AP) -- Solo drivers are embracing new San Francisco south bay toll lanes, and motorists in regular lanes are benefiting, too.
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BUSINESS NEWS

In The News

May 15, 2012, 5 p.m. -- San Diego's web video news: Today's breaking major business events, economic, and financial announcements from The Daily Transcript | San Diego Source newsroom.

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SDAR Scoop

SDAR Scoop April 2012 (2 of 2)

April 9, 2012 - The Daily Transcript's George Chamberlin talks with Donna Sanfilippo, president of San Diego Association of Realtors, and Ken Bates of Military Home Loans about the current state of San Diego real estate. Watch part 1 of 2.

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Real Estate Videos

2012 EOY semifinalists: Fred Pierce of Pierce Education Properties

May 8, 2012 -- Fred Pierce, president & CEO of Pierce Education Properties and an Ernst & Young 2012 Entrepreneur of the Year semifinalist, talks about participating in the EOY program.

Linda Lee: China looking to invest in quality U.S. properties

March 29, 2012 -- George Chamberlin talks to Linda Lee, a broker with Keller Williams San Diego Metro, about China's interest in investing in the U.S. real estate market.

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Special Reports

Environmental Innovation - April 2012

Read about local pioneers in environmental science, how electric cars are taking over San Diego’s streets, and why one Chargers player loves his Smart car.
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Leasing Notes

Ali Ghasem Josh McFadyen of Colliers International CBRE-Josepho Properties McFadyen Office 1,400 square feet Oceanside CA 92054 3204 Production Ave., Suite A 60 month smog service PR-158131 $70,975 5/14/2012
Ryan Patterson Josh McFadyen of Colliers International CBRE-Josepho Properties McFadyen Office 4,000 square feet Oceanside CA 92054 291 Roymar Road, Suite A 12 month shop space fro material storage PR-157152 $33,600 5/14/2012
FinishMaster, Inc. Jason Smithson of NAI Global North County Industrial Park, LP Adam Molnar of Colliers International Industrial 8,694 square feet El Cajon CA 92020 1255 Distribution Way 120 month office and warehouse PR-158057 $937,088 5/14/2012
Jerry Moreno Bill Barnett and Doug Hogan of Colliers International CVV Enterprise, LLC Barnett and Hogan Retail 905 square feet San Diego CA 92120 6362 Del Cerro Blvd. 60 month a barber shop PR-157992 $106,228 5/11/2012
Ideal Industries Zach Milrood of Hughes Marino HIR Avenue of Science Jay Alexander and Ryan Grove of Jones Lang LaSalle Industrial 17,466 square feet San Diego CA 92128 Avenue of Science Center 15070 Avenue of Science 65 month $1,100,000 5/11/2012
Last Updated 5/14/2012

Real Estate Trends

Explore the latest industry trends, issues and market predictions.

Soaring Dimensions

San Diego is building up again. Track the rise of commercial construction projects throughout the year.

Environmental Innovation

Keep up with the latest green products, eco-friendly buildings and environmentally innovative businesses in San Diego.

REAL ESTATE CALENDAR
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U.S. MARKETS
Last Updated 5/16/2012 8:17 AM
DOW: 
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NYSE: 
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Top 5 Homesales

12-0268371 house San Marcos CA 92078 1044 La Ventana Ct #6 Fannie Mae A/K/A Federal National Mortgage Jennifer Powell 221-500-22-06 $200,000 5/8/2012 5/16/2012
12-0268405 condo Chula Vista CA 91911 4475 Dale Ave #110 Deutsche Bank National Trust Co., trustee, Robert E. Duggan and Laura T. Duggan, trustees 470-690-19-10 $146,500 5/8/2012 5/16/2012
12-0268408 house Carlsbad CA 92008 2940 Wintergreen Dr Blue Sky Fund, LLC Yun Liu and Jocelyn O C Wu 167-570-25 $550,000 5/8/2012 5/16/2012
12-0268456 house San Diego CA 92124 11033 Pallon Way John W. Baxter, Jr. and Roxanne L. T. Baxter, trustees, Jack Dixon and Beverly Dixon 455-082-43 $702,000 5/8/2012 5/16/2012
12-0268458 house San Diego CA 92120 6943 Halifax St Michael D. Barbera and Patricia A. Barbera, trustees, Alexander Hill and Lisa M. Hill 458-110-11 $470,000 5/8/2012 5/16/2012
Last Updated 5/8/2012

Newsmaker Videos

Scott Olpin of the Olpin Group on organizing workspaces

August 2011 -- Scott Olpin, president of Olpin Group, talks about his company's work to design and build shelving systems and Modular Millwork cabinetry for law firm, government and military, education and health care clients.



 
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