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Pathfinder Partners Closes Third Phoenix-Area Res Buy Since July 10/10/11 San Diego-based Pathfinder Partners LLC has purchased the unsold units at Barolo Place, a high-end condominium project in Scottsdale, AZ from Zaremba Group LLC, the original developer. The property, consisting of eight two-st...
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Pharmaceutical Firm Signs First Lease at New Torrey Pines Office/Lab Project 10/05/11 Ligand Pharmaceuticals has leased 16.4k sf of space at Arenisca, a 72.4k sf, three-story, Class A laboratory and office project currently under construction in Torrey Pines. The 84-month transaction is worth $3.9 mil ($2.83/s...
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Construction Gets Underway on $35 Mil “Net Zero Energy” Biological Lab in La Jolla 9/29/11 Construction has begun on the J. Craig Venter Institute, a new 45k sf laboratory facility in La Jolla. The project, being built by McCarthy Building Companies, is located at 4120 Torrey Pines Rd, within the University of Cali...
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Terramar Picks Up Encinitas Neighborhood Retail Center 9/29/11 Terramar Retail Centers LLC has acquired Encinitas Village, a 183.7k sf neighborhood retail center in Encinitas. The center, located in the heart of the El Camino Real retail corridor at the intersection of El Camino Real an...
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Marcus & Millichap’s San Diego Metro Area Multifamily Report For 3Q 2011 9/27/11 The pace of San Diego’s post-recession apartment sector recovery continued to strengthen in the first half of 2011, as supply growth nearly stalled and employers boosted staff counts, trends that are supporting Southern Calif...
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Former San Diego Twinkies Plant Acquired for Development Project 9/27/11 A 40k sf property with an interesting history in San Diego’s Barrio Logan area just traded hands. The property, located at 1955 Julian Ave, first served as a bakery plant for Interstate Brands Corporation (known for such pro...
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Draftsmen & Craftsmen 9/23/11 The new 21k sf Ramona Library in the San Diego-area town of Ramona has been granted LEED Gold certification by the U.S. Green Building Council. The project, built by C.W. Driver, is the second-largest library in San Diego Cou...
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Draftsmen & Craftsmen 9/21/11 The County of San Diego has awarded Balfour Beatty / Barnhart the first phase of a two-phase contract for design-build services to construct the new $221.5 mil San Diego County Women’s Detention Facility in Santee, CA. The j...
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Pacific Beach Apartment Property Trades for Over $5.4 Mil 9/06/11 Grand Avenue, a 48-unit apartment community located at 2202-2242 Grand Ave in San Diego, sold for
$5.45 mil ($113.5k/unit). Located in the Pacific Beach area of San Diego, Grand Avenue includes eight one-bedroom and 40 two-b...
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Rancho Bernardo Flex Building Sells for $2.6 Mil 9/01/11 A 24k sf industrial flex property in San Diego’s Rancho Bernardo submarket traded hands at a price of $2.6 mil ($108/sf). Situated on 5.3 acres, the building provides the buyer with an opportunity for future development.
Th...
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HFF Places $29 Mil on Carlsbad Retail Center 8/30/11 Cornerstone Real Estate Advisors, on behalf of an institutional separate account investor, has obtained $29 mil in financing for Bressi Ranch Village Center, a 111.4k sf, dual grocery-anchored, trophy retail center in Carlsba...
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Carmel Valley Retail Property Goes for Almost $460/sf 8/30/11 Torrey Corner Shopping Center, a 13.3k sf retail property in San Diego’s Carmel Valley submarket, recently traded hands at a price of $6.1 mil, or about $459/sf. Located at 11120 and 11130 East Ocean Air Dr, on the south side...
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Westcore Spends $23 Mil on Central CA Distribution Facility 8/30/11 Westcore Properties keeps rolling along with yet another significant industrial acquisition. In their latest deal, the San Diego-based real estate firm purchased Stockton Center Pointe, a 508k sf, Class A warehouse/distributi...
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SR Commercial Adds to Its SoCal Portfolio 8/29/11 SR Commercial recently closed escrow on three SoCal industrial properties. The three investments include an industrial building in Burke Sycamore Business Park, as well as a two-property portfolio that includes a 12.3k sf in...
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$24 Mil Signing Gets Leasing Pumped Up at Nautilus 8/23/11 In San Diego’s Torrey Pines area, Verenium has inked a lease for 59.2k sf of office and laboratory space at Nautilus, an 87.6k sf, two-building, two-story, Class A laboratory and office project currently under construction. T...
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Forester Properties Purchases 325k sf San Diego High-Rise 8/22/11 Forester Properties Inc has acquired 110 PLAZA, a 326k sf high-rise at 110 West A St in the heart of downtown San Diego. This deal represents the first Class A tower downtown to change hands since DiamondView Tower was sold i...
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2Q2011 Grubb & Ellis Office Report for San Diego County 8/18/11 The following 2nd quarter summary and report for the office market in San Diego County has been provided by Grubb & Ellis.
HIGHLIGHTS
• The San Diego area office market vacancy rate fell to 17.4 percent during the second qua...
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MIG’s Latest Buy is a 367k sf San Diego Office Portfolio 8/18/11 Newport Beach-based MIG Real Estate continues to be on a buying spree. In their latest acquisition, the company spent roughly $56 mil on a 367k sf San Diego office portfolio consisting of four multi-tenant office properties. ...
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SR Commercial Awarded Four SoCal Management Assignments 8/09/11 SR Commercial has landed four new SoCal management contracts totaling more than 185.5k sf of space. The new contracts include a 61k sf Class “A” office building in Scripps Ranch, the former Thomas Jefferson Law School Campus...
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Cypress Office Properties Awards Leasing Assignment for Recent OC Buy to CBRE 8/08/11 San Diego-based Cypress Office Properties has selected CB Richard Ellis to handle the leasing of Anaheim Crossroads (formerly Orangethorpe Plaza), following Cypress’ recent off-market, “loan to own” acquisition of the propert...
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