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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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• Cassidy Turley/BRE’s 2nd Quarter Report for the San Diego Office Market
8/04/11
While San Diego office market fundamentals may not be as strong as they were prior to the recession or as weak as they were during the recession, they are definitely improving. Statistics we became accustomed to before the re...
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• Westcore Properties’ Goals on Target Thanks to Five Arrows
8/04/11
San Diego-based Westcore Properties has obtained up to a $200 mil investment from Five Arrows Realty Securities V LP (Five Arrows). Five Arrows is an investment fund managed by New York-based Rothschild Realty Managers LLC (R...
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• Zodiac Signs Two in Vista
8/03/11
In recent San Diego County industrial activity, Zodiac Pool Systems leased a combined 295k sf of industrial manufacturing and distribution space in Vista. The company is a leading manufacturer of differentiated pool equipmen...
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• Loja Real Estate Purchases The Shops at Pacific Station
8/02/11
Loja Real Estate LLC recently closed on the acquisition of The Shops at Pacific Station, a 38.8k sf grocery-anchored shopping center in Encinitas, for $19.5 mil ($503/sf). The Shops at Pacific Station is the retail portion of...
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• Bixby Land Completes $7 Mil San Diego Buy from Westcore Properties
8/01/11
In San Diego, a 72.2k sf industrial warehouse property located at 5260 Anna Ave was purchased by Bixby Land Company for $7.35 mil ($102/sf). Bixby, a SoCal-based private REIT that owns and operates more than 5 msf of office a...
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