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• LifeProof Leases 25k sf in Rancho Bernardo
9/06/12
Treefrog Development, dba LifeProof, has signed a lease for 25.6k sf of space in Avenue of Science Center, a three-building industrial flex project located on Avenue of Science in Rancho Bernardo. The property is owned by Ha...
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• Westcore Properties Secures $70 Mil in Financing on Recent Acquisitions
8/30/12
Westcore Properties secured $70 mil in permanent financing for four recently acquired assets located in Northern and Southern California. The properties total nearly 1 msf of space and are well-located infill assets that pro...
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• Scripps Ranch Office Property Goes from Vacant to Fully Leased in 18 Months
8/30/12
Cush Plaza Scripps Ranch, a 93.4k sf, Class A office building in San Diego’s Scripps Ranch submarket, is now 100 percent leased after 11 new tenant signings. These latest leases have a combined value of $16.6 mil.
Located at...
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• Three San Diego Parcels Acquired by BLOKHAUS Development
8/29/12
Three parcels totaling 35k sf in San Diego’s Banker’s Hill area traded hands at a combined price of $5 mil. The sites, located at 2604 5th Ave, 2642 5th Ave and 406 Maple St, include the historic Britt Scripps Inn, built in 1...
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• Zelman / Carltas Venture Lands $43 Mil Refi of Encinitas Power Center
8/29/12
A Zelman Development Company / Carltas Company joint venture has obtained a $43 mil refi loan on The Plaza at Encinitas Ranch, a 145.3k sf power retail center in Encinitas. The 13-year, fixed-rate loan was arranged by an HFF ...
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• Brookwood Financial Partners Completes $21.5 Mil Acquisition in Rancho Bernardo
8/24/12
Brookwood Financial Partners purchased Bernardo Executive Center, a three-building, 173.2k sf office property in Rancho Bernardo, for $21.55 mil ($124/sf). Located at 16835, 16855 and 16875 W. Bernardo Dr, south of Rancho Ber...
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• Investors Acquire La Mesa Condo/Apt Property
8/23/12
Lowell Street Condos, a 12-unit, 12.8k sf residential condo apartment building in La Mesa, was purchased by investors for $2.8 mil. The property is located at 4241 Lowell St, south of University Ave and east of Massachusetts ...
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• Westcore Properties Closes $46 Mil Bay Area Ind Buy
8/21/12
In its second major acquisition in less than a month, San Diego-based Westcore Properties has purchased Kato Industrial Park, a 673.2k sf property in Fremont, for $45.6 mil ($68/sf). The purchase follows Westcore’s $9.5 mil a...
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• Otay Mesa Development Site Sells for $3.8 Mil
8/20/12
JJB Silverhawk purchased 16.6 acres of finished commercial land in Otay Mesa for $3.8 mil. Located at the southeast corner of Otay Mesa Rd and Ailsa Ct, the lot is currently entitled for 335k sf of warehouse/manufacturing spa...
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• Scott Sweeney Launches Real Estate Advisory Firm
8/14/12
Veteran industry exec Scott Sweeney, CCIM, CPM, has launched Property Income Advisors Inc, a real estate advisory firm focused exclusively on assisting non-U.S. clients in the investment and management of United States commer...
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• Cypress Office Properties Lands a Very Energetic Tenant in Escondido
8/13/12
Oak Creek Energy Systems Inc leased 7.5k sf of office space at La Terraza Corporate Plaza, a 78.5k sf building located at 500 La Terraza Blvd in Escondido. The seven-year lease is worth about $1.44 mil, or $2.29/sf/mo.
Buil...
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• Spanky’s Signs at San Diego Ind Property
8/10/12
Rancho San Diego Industrial Center, a 175k sf industrial park in Spring Valley, has inked its second major lease transaction in less than a month. In this latest deal, Spanky’s Portable Services has signed a six-year lease re...
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• Lowe Completes Construction on 300k sf Second Phase of Kearny Mesa County Project
8/10/12
Lowe Enterprises has completed construction of the second phase of the County Operations Center and Annex redevelopment in Kearny Mesa. The newest phase of the project includes two 150k sf, four-story, steel-frame office bui...
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• Cassidy Turley San Diego Team Takes Over Marketing at Creekview Medical Park
8/09/12
A Cassidy Turley San Diego team of Mark Avilla, Matty Sundberg and Bob Cowan has been selected as the marketing as leasing reps for Creekview Medical Park. The 12-building medical office campus is located at 1910-1968 Via Cen...
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• McCarthy Tops Out Construction for $105 Mil La Jolla BioMed Facility
8/08/12
Construction of UCSD’s new Health Sciences Biomedical Research Facility at the University of California, San Diego (UCSD) in La Jolla is well underway. Located on a 3.3-acre site within the UCSD School of Medicine campus, the...
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• GF Properties Group Lands Construction Money for New Marriott SpringHill Suites in Oceanside
8/06/12
GF Properties Group has obtained a $25.1 mil construction loan for the development of Marriott SpringHill Suites, a 150-key hotel in Oceanside. Marriott SpringHill Suites will be situated at the southeast corner of North Myer...
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• Donahue Schriber Picks Up Three Grocery-Anchored Shopping Centers
8/06/12
Costa Mesa-based Donahue Schriber closed on the purchase of three grocery-anchored shopping centers, including their first acquisition in the state of Washington. The company most recently closed escrow on Del Mar Heights Vil...
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• Oceanside Industrial Property Sells for $3.5 Mil
8/03/12
A 29k sf industrial property in Oceanside sold for $3.5 mil ($121/sf). The property is located on 3.83 acres of land at 503 Jones Rd, just south of Hwy 76 and Oceanside Municipal Airport. The buyer plans to keep the property ...
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• Carlsbad Office Building Sells for Over $14 Mil
8/03/12
A 41.5k sf Carlsbad office building triple-net leased by ViaSat Digital Communications recently sold for $14.15 mil ($341/sf). The building is located at 2530 Campbell Place, at the intersection of Palomar Airport Rd and El ...
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• AIMCO Buys Broadway Lofts in Downtown San Diego
8/01/12
AIMCO Properties purchased Broadway Lofts, a 12-story, mixed-use multifamily and retail building in San Diego. The property, located at 1007 5th Ave, west of I-5 in the heart of the city’s downtown, was sold by Watt Lofts LLC...
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