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• Solana Beach Coastal Site Becomes an American Asset
10/10/11
American Assets Trust picked up 1.76 acres of coastal land in Solana Beach for $6.85 mil in an off-market transaction. The property, located at 329 & 343 S. Highway and 101/120 & 128 Dahlia Dr, was sold by Maganda Corporation...
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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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