Real Estate News Archive
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California foreclosure filings fell 39.54 percent in January from December and 64.93 percent from January 2012, according to RealtyTrac’s U.S. Foreclosure Market Report for January 2013.

The Lofts at Moonlight Beach, the recently completed residential/retail condominium at 90 N. Coast Highway 101 in Encinitas 92024, has been sold for $14.7 million.

(AP) -- Northern California has posted its strongest housing market in six years, with sales and prices increasing. But researchers say the market's still far from normal.

The retail building in North Park at 3111 30th St., San Diego 92104, has been sold for $850,000, cash.

The nine-unit apartment complex in City Heights at 3821 39th St., San Diego 92105, has been sold for $810,000.


Kleege Enterprises, which already purchased the 124-space Cabrillo Motor Lodge in Chula Vista for $6.85 million last May, added three more Chula Vista mobile home parks to the company’s portfolio at the end of 2012.

Despite exceptionally weak leasing, San Diego has risen to become the second strongest biotechnology cluster in the country, according to a Jones Lang LaSalle report.

The stage appears to be set for continued improvement for San Diego County's office, industrial, retail and apartment markets.

The upscale La Casa del Zorro desert resort has been sold for $2.35 million.

(Bloomberg) -- Taylor Morrison Home Corp., a builder of homes in the United States and Canada, doubled the amount it will seek in a U.S. initial public offering to $500 million.

BioMed Realty Trust Inc. (NYSE: BMR) has priced its public offering of 12.7 million shares of its common stock at $20.50 per share, bringing in approximately $260.4 million in gross proceeds. The offering is expected to close on or about Feb. 19.

The 32-unit apartment complex at 3604 Georgia St., San Diego 92103, has been sold for $3,325,000, cash.

The free-standing, approximately 7,868-square-foot retail building in the Rolando neighborhood at 6075 University Ave., San Diego 92115, has been sold for $1,875,000.

Grocery Outlet has leased 15,292 square feet of retail space at 9805 Campo Road, Spring Valley 91977, from CIF Holdings LLC. The property, in the Casa de Oro Plaza shopping center, was leased for 10 years at $1,886,268, for a grocery store.


More than 230 tax-defaulted properties are set to be sold at the 2013 Property Tax Sale Auction on March 13, according to San Diego County Treasurer-Tax Collector Dan McAllister.

Trustee deeds in San Diego are down 37.9 percent from January 2012, and notices of default are down 67.6 percent from this time last year, according to the San Diego County Assessor's Office.

The toils and rewards of smaller infill and mixed-use developments were the topics of a morning meeting of the San Diego/Tijuana Chapter of the Urban Land Institute at the University Club on Tuesday.

Changes to the Pasha Automotive Services leasehold in National City were unanimously approved in concept by the Board of Port Commissioners on Tuesday.

As San Diego County’s economy improves, there’s growing risk that “crazy money” from real estate speculators could take prices back into bubble territory, a panel of local business and civic leaders told a packed audience at the Estancia La Jolla resort.

The two flex industrial/office buildings, totaling approximately 8,500 square feet each at 133-135 Pacific St. in San Marcos 92069, have been sold for $1.35 million, cash.

 


 


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