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February 1, 2023
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SAN DIEGO NEWS
Archive
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• Palomar Community College Acquires 83-Acre Fallbrook Site
11/29/07
Here’s news of a large land buy in the Fallbrook area in northern San Diego County, as Palomar Community College acquired an 83.61-acre site adjacent to the I-15 and SR-76 junction for $38.24 mil ($10.50/sf). The property wa...
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• Poway is the Right Way for New Hotel Investment
11/27/07
Demand for hotels throughout Southern California continues to be very strong. In a very recent investment/development deal, Somera Capital Management LLC acquired the existing 2.9-acre Hampton Inn & Suites development in Powa...
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• Vons Opens New San Diego Store per $25 Mil Lease
11/16/07
Vons has moved into its new 55.4k sf grocery store at Liberty Station Marketplace, located northwest of downtown San Diego at 2535 and 2495 Truxtun Rd, pursuant to a recent 20-year lease it signed worth about $25 mil ($1.88/s...
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• Retail in Downtown San Diego Experiences Negative Absorption
11/13/07
Reversing years of positive absorption for the area, downtown San Diego’s retail market experienced 88.5k sf of negative absorption over the past year. According to a just-released report by Burnham Urban Retail Group, the in...
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• Vista Seller Turns Over a New LEAFS in $28 Mil Deal
11/13/07
A 120.2k sf building at 2985 Scott St, within the Oak Ridge Corporate Centre in the city of Vista, was purchased by LEAFS Investments for $28 mil ($233/sf). The new tenant of this high-image, single-tenant manufacturing/R&D f...
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• Investors Coast into Kearny Mesa Medical Office Building
11/12/07
Coast Medical Center, a 38k sf four-story multi-tenant medical office building in San Diego’s Kearny Mesa area, was acquired by an investment partnership for $8.6 mil ($226/sf). The wood frame and stucco building, located at ...
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• New 333k sf Otay Mesa Project Sells for $30 Mil
11/08/07
A BlackRock-advised investor has acquired Three Piper Ranch, a two-building, 333k sf Class-A office/warehouse project in Otay Mesa for $30 mil ($90/sf). The buildings, which were developed and sold by Newport Beach-based Mast...
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• New Medical Office Project in Vista gets Underway
11/07/07
Construction of Premier Crossing, a $20 mil medical and professional office park being built at the corner of South Melrose Drive and Sycamore Ave in Vista, just got underway after a groundbreaking ceremony that included a nu...
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• Jamison Builds SD Portfolio with The Timbers
11/06/07
Jamison Services Inc, the acquisition-hungry, LA-based office owner, recently acquired The Timbers, a three-story, 47.5k sf Class A office property on 1.88 acres at 445 Marine View Ave in Solana Beach in a deal that marks the...
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• 24 Hour Fitness Works Out $11.5 Mil Lease for New Vista Facility
11/05/07
24 Hour Fitness USA Inc will be adding a new location in Vista, after signing a 15-year lease for 35k sf of space at Sycamore Terrace Shopping Center. The center, a development of Western Skies Blue River Associates, is locat...
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• Carlsbad Industrial Property Sells for $134/sf
11/02/07
Carlsbad Palomar, a 149k sf industrial property at 2858 Loker Ave East in Carlsbad, sold for $20 mil ($134/sf). The building is in Carlsbad Oaks East, part of the Carlsbad Palomar Business Center, situated just north of Palom...
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• Invesco Spends $25 Mil on Poway Project
11/01/07
Invesco Real Estate closed on a $25 mil purchase in Poway, picking up Parkway Commerce Center, a 147.9k sf ($169/sf) industrial and R&D multi-tenant project at 13651-13771 Danielson St, east of Community Rd on the north side ...
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• St. Croix Collects $17.4 Mil from Sale of Seven Buildings at Carlsbad Development
10/30/07
Seven buildings have been sold so far at Spectrum at Bressi Ranch, a new 14-building office development located at Palomar Airport Rd and Gateway Rd in Carlsbad. The purchased buildings total 66k sf in size and sold for a com...
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• Opus Sells Three Buildings at Carlsbad Development
10/24/07
Opus West sold three buildings, totaling 18.9k sf, at its recently completed Opus Point Collection, a 67k sf office development located on Lionshead Ave in Carlsbad. In these latest transactions, Peak LLC purchased a 9.8k sf ...
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• San Diego Office Market Settles Down
10/22/07
After a period of several years in which tenant demand drove rental rates to record highs, the San Diego County office market continues to settle into a more moderate pattern of activity with slower net absorption and slightl...
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• Arden Collects Cabi Fare for San Diego Office Properties
10/19/07
Cabi West Coast Acquisitions, a unit of GISCA, Mexico’s largest commercial real estate developer, recently acquired five San Diego office properties in a 58-building portfolio purchase from Arden Realty that had been previous...
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• The Irvine Company Pays $217 Mil for Regents Square
10/16/07
The Irvine Company has added to its sizable portfolio of San Diego office properties after buying Regents Square I and II, a three-building, 322k sf complex in San Diego’s University Town Center submarket, from LA-based Magui...
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• Yahoo! Optimizes Rancho Bernardo Space Search
10/15/07
Yahoo!, Inc, the giant Internet company, has signed a five-year lease for 17.3k sf of office space in The Point in Rancho Bernardo, located at 16745 West Bernardo Dr. The Point, a three-building Class A office and R&D campus ...
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• Hitachi HQ Facility in Vista Trades Hands
10/12/07
The North American headquarters of Hitachi Home Electronics (America) Inc, an 86.9k sf Class "A" R&D/flex building at 900 Hitachi Way in Vista, sold for $16.5 mil ($190/sf). The facility sits on 4.84 acres in the second phase...
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• Newport National Signs Two Tenants at Ventana Real
10/10/07
There have been two notable lease signings, totaling $7.5 mil, at Ventana Real, a Class A office project located at the intersection of Salk Ave and El Camino Real in Carlsbad. In one of the deals, Euro RSCG Direct Response L...
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