JLL appointed David Kristjanson as global life sciences industry lead within its project and development services group. The brokerage said Kristjanson will advise clients on location, design and related matters in regard to biotech facility projects. JLL said it is increasing services in the property category as the life science industry undergoes its most significant realignment since the original biotech boom of the 1970s and 1980s.
Santa Monica, California-based Turner Impact Capital has promoted four executives to help guide the firm's $6 billion housing and healthcare investment pipeline.
With the calendar flipping to 2026, San Diego’s apartment rents ticked up month over month in January for the first time since May. The 0.3% growth matched the increase from the past two Januarys, largely following familiar seasonal trends in the region.
Alexandria Real Estate Equities signaled a possible national rebound in biotech property by racking up 1.2 million square feet in leases in the fourth quarter, nearly doubling the real estate investment trust's average of the past five quarters.
Fairfield Residential has purchased The Resort at Encinitas, a 198-unit multifamily property in Encinitas, California, from Interstate Equities Corp. for $110 million.
San Diego’s unemployment rate fell to a seven-month low of 4.4% in December, according to the latest jobs report released by the Bureau of Labor Statistics. That was down from 4.6% in November, although it was above the year-ago rate of 4.2%. California’s statewide unemployment rate for December was 5.1%
Expanding fitness chain Life Time chose the fast-growing San Diego suburb of Chula Vista for its latest complex, part of a larger push by the company based near Minneapolis to increase nationally as retail centers welcome gyms as gathering places.
Alexandria Real Estate Equities has sold a fully leased one-story office property in Carlsbad, California, for $64.1 million, or approximately $354 per square foot. The buyer of record is MJ Make LLC.
San Diego’s retail market ended 2025 with its highest availability rate since 2021. At 5.2%, it was a tick below the 10-year average. Over 1.3 million square feet was added to the leasing market in 2025, the most in a calendar year in the past decade.
San Diego's industrial market recorded its first quarter of positive absorption in three years during the fourth quarter, driven by the occupancy of a 427,000-square-foot built-to-suit lab project in University Town Center. This outlier, however, has done little to alter the narrative that San Diego has been navigating its most challenging period since the Great Recession.
California enacted a law this month requiring rental homes to have working stoves and refrigerators, a move that could make them more competitive with major apartment property owners in the search for tenants.
Prime Administration has acquired the Presidio at Rancho Del Oro apartment complex in Oceanside, California, from TruAmerica Multifamily for $102.5 million, or $388,258 per unit.
The way hotel loans are performing in California is in transition, shaped by uneven operating recovery, rising debt costs and a growing bifurcation between stabilized properties and those still navigating long-term, built-in challenges.
The past few quarters have done little to alter San Diego's office narrative. New leasing volume fell for the third consecutive year in 2025, and San Diego has been one of several major office markets in the United States where leasing volume has largely plateaued 15% to 20% below the 2015-2019 average. An estimated 50% of pre-pandemic leases have yet to roll over, which is one of the highest percentages in the country.
This week's column examines the likelihood of more commercial real estate collateralized loan obligation deals in 2026, new financing for a Pfizer campus in San Diego and a critical test coming for decade-old debt maturing this year. Read the entire piece by clicking "read more" below.
Kitchens For Good has purchased a four-story office building in downtown San Diego from Florida-based Secured Debt Investments for $6.2 million, or about $212 per square foot.
California hotel transaction activity in 2025 reflected a highly uneven recovery, with sharp gains in select cities offset by pullbacks across several traditionally active regions. Sales data show that capital is increasingly concentrated in a narrower set of locations, while overall deal activity remains dominated by smaller transactions and private buyers.
IAC Management has purchased the Baywalk Apartments in San Diego for $5.14 million, or about $367,500 per unit, according to CoStar data. The Baywalk last sold in August 2019 for $4.53 million as part of a two-property portfolio.
Realty Income has formed a strategic partnership that aims to deploy more than $1.5 billion in capital and mark the real estate investment trust’s first expansion into Mexico.
