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Heritage Global posts Q2 loss as it winds down lending business
The company reported a $15.9 million second-quarter loss after recording about $21.7 million in noncash charges tied to its decision to exit specialty lending. Revenue fell to $12.3 million, while the company recently acquired Boston Note Co. to expand its financial assets business.
Local medical office market holds steady as rents rise, office conversions expand
San Diego's medical office market remained resilient in the second quarter, with asking rents up 5.7% year over year and vacancy holding at 6.5%, as limited new construction and conversions of traditional office space support demand.
Northmarq arranges $56.1M in financing for Lakeside's Wintercrest Village
The permanent loan is structured as a 10-year term, with full-term interest-only payments.
ATTOM: Home price growth lags outside Opportunity Zones
Median home prices rose year over year in 46.3% of Opportunity Zone census tracts in the second quarter, compared with 49.8% of tracts outside the federally designated areas.
Encinitas' Fox Point Farms earns Gold Nugget awards
The 21-acre Fox Point Farms development, built around a 5.5-acre working organic farm and 250 homes, won top honors at the 2026 Gold Nugget Awards in San Diego.
Kearny Mesa multi-tenant office property sells for $4.8M
CBRE's Matt Pourcho, Anthony DeLorenzo and Nick Williams represented the seller in the transaction.
San Diego pending home sales fall 11.7% in early August
U.S. pending home sales edged up 0.4% in early August as new listings posted their biggest weekly increase in five months. But San Diego continued to lag, with pending sales down 11.7% from a year earlier amid elevated mortgage rates.
300-megawatt Nighthawk Battery Storage Project begins operations in Poway
Arevon Energy has brought its 300-megawatt Nighthawk Energy Storage Project in Poway online, adding enough battery capacity to power up to 385,000 homes for as long as four hours during periods of peak demand.
Chula Vista's Terra Nova Plaza sells for $30.4 million
JLL represented the seller, a global investment manager, in the sale of the 96,114-square-foot center.
Defense, government, health care reshape local office market
Defense, government, health care and professional services are driving San Diego office demand as technology and life sciences retreat, signaling a shift in the region's commercial real estate market.