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• Investors Pay $25.5 Mil for San Diego Apartment Community
8/26/08
While San Diego-area condo converters have pretty much fallen off the face of the earth, there are still many buyers that see multifamily properties in the region as an attractive investment opportunity. Case in point -- Coll...
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• Carlsbad’s Floral Trade Center Purchased for $20.5 Mil
8/26/08
A Carlsbad property considered to offer one of the best redevelopment opportunities in the area recently sold in a $20.5 mil transaction. The property is the Floral Trade Center, a single-story, 154.4k sf office/distribution ...
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• Windsor Properties Makes $8.5 Mil Discovery in San Marcos
8/22/08
The Discovery Bank Building, a 27.4k sf Class B office property in San Marcos, was purchased by Windsor Properties for $8.5 mil ($310/sf). The two-story building is located on 1.63 acres at 338 Via Vera Cruz, north of San Mar...
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• Equity Office Investing $25 Mil in SoCal Upgrades
8/21/08
For those of you who may have been under the impression that Equity Office ceased to exist after Sam Zell sold it to The Blackstone Group for $39 bil in 2007, think again. The big office owner, which manages 50 msf of space i...
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• BAE Systems Inks $31 Mil Lease at San Diego’s Liberty Station
8/20/08
BAE Systems has pre-leased 80k sf in a new office building currently under construction at Liberty Station in San Diego’s Point Loma area. The 10-year deal has a total value in excess of $31 mil, which divides out to an avera...
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• Rexford Picks Up Vista Industrial Condo Property
8/20/08
SoCal real estate firm Rexford Industrial LLC invested $10.384 mil in the majority of a 19-year-old Vista single-tenant industrial complex that had been repositioned as condo units in 2007 by the current seller. The six-build...
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• Sorrento Mesa Office Building Sells in $25 Mil Deal
8/19/08
Mira Oberlin Plaza, a 77.3k sf office building in San Diego’s Sorrento Mesa area, just traded hands in a $24.9 mil ($322/sf) transaction. The building, which sits on 1.75 acres at 5880 Oberlin Dr, east of I-805 and just south...
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• Blackmore Signs $21 Mil in Deals at Carlsbad Research Center
8/15/08
In recent leasing activity from San Diego County, three deals totaling 130.1k sf were signed in the Carlsbad Research Center for a combined value of $20.7 mil. Owned by The Blackmore Company, Carlsbad Research Center is a 560...
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• La Jolla Office Property Sells for $411/sf
8/14/08
Eads Office Plaza, a two-story, multi-tenant office building in the upscale San Diego community of La Jolla, sold for $3.9 mil. The 9.5k sf ($411/sf) structure is located at 7596 Eads Ave, at the northwest corner of Eads and ...
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• San Marcos/Escondido to Get New Medical Office Condos
8/12/08
Newport National Corporation just broke ground on Nordahl Medical Centre, the first medical condominium project to be built in the San Marcos/Escondido area. The Class A, 55.5k sf building is located along Nordahl Rd less tha...
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• Construction Completed on New Rancho Bernardo Office Building
8/11/08
The first of three buildings in the 330k sf Bernardo Terrace Corporate Center in Rancho Bernardo has been completed. Developed by Los Gatos-based Granum Partners, the Class A campus offers one of San Diego County’s few optio...
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• Slowdown Seen in San Diego Industrial Market
8/08/08
The outlook for San Diego’s industrial market is softening this year, as weakness in the housing market and employment losses continue to weigh on the economy. Fortunately, the region’s growing technology, pharmaceutical and ...
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• Vancouver Investor Comes Up with National Treasure
8/01/08
A 68k sf grocery/drug-anchored shopping center in National City was acquired by a Vancouver, Canada-based investor for $15 mil ($221/sf). Located on 7.35 acres at 855-901 Euclid Ave and 2525-2531 East Plaza Blvd, the property...
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• San Diego-Area Office Complex Trades for $637/sf
7/25/08
Paseo Del Mar, a 232.3k sf suburban office complex in the San Diego submarket of Del Mar Heights, just traded hands in a $147.9 mil ($637/sf) transaction. The property consists of three, three-story office buildings, each wit...
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• Landmark San Diego Mixed-Use Property Gets $31 Mil in Re-fi Money
7/24/08
Holliday Fenoglio Fowler L.P. (HFF) arranged $31 mil in refi money for Village Hillcrest, a landmark 577.5k sf retail, office, medical and residential development, along with a 705-stall parking structure, in the Hillcrest ne...
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• La Jolla Retail Property Sells for $617/sf
7/22/08
A 10.7k sf multi-tenant retail building at 7643-7645 Girard Ave in La Jolla was sold for $6.6 mil ($617/sf). The property includes three of La Jolla’s best known antique retailers: Ark Antiques, Pied-e-Terre, and Skolout and ...
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• New Del Mar Office Project is Filling Up
7/22/08
One new SoCal office project that does not seem to have any problems signing tenants is Gateway at Torrey Hills in Del Mar, a two-building, 200k sf development that now stands at 50% leased and expects to be at full occupancy...
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• Encinitas Office Project to Be the First Private LEED –Certified Building in the City
7/21/08
Developer Wiegand Neglia Corporation just broke ground on Quail Garden Corporate Center, a new office project that is expected to be the first private LEED-certified building in the city of Encinitas. Designed by architect Ha...
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• Apartment Buyer Joins Country Club Crowd in Oceanside
7/17/08
The Country Club Apartments, a 91-unit multifamily asset in Oceanside, was recently acquired by a private investor for $10.2 mil, or $112k/unit. The 76.6k sf property is located at 201 Country Club Lane, south of Mission Ave ...
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• Office and Industrial Opportunities Abound in Carlsbad
7/16/08
Recent commercial real estate market trends in the Carlsbad area have created significant opportunities for real estate owners and users, said Grubb & Ellis|BRE Commercial broker and part owner Dennis Visser, SIOR. “We are s...
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