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• GSP Arranges $22 Mil in Perm/Construction Money on San Diego Res Project
9/22/10
George Smith Partners has arranged a $22.4 mil permanent construction loan on Marquis One, the first phase of Oakwood Development’s Marquis Apartment Community in San Diego’s Otay Ranch master-planned community.
The new loan...
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• Biomed Closes $63 Mil Office Buy in San Diego’s UTC Area
9/21/10
Biomed Realty Trust closed on a large San Diego office buy, having paid $63.5 mil for a 125.2k sf ($507/sf) biomedical building in the UTC submarket. The four-story, marble-clad building is located at 4570 Executive Dr, just ...
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• La Jolla Multifamily Community Sells for $68 Mil
9/20/10
Trieste Apartment Villas, a 302-unit multifamily complex in the upscale San Diego-area community of La Jolla, sold for $68.2 mil, or around $226k/unit. Located at 3950 Mahaila Ave, the property was purchased by Orange County-...
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• New Building at San Diego Mesa College Receives LEED Gold Certification
9/20/10
The U.S. Green Building Council (USGBC) has awarded LEED Gold Certification of the new three-story, 50k sf Allied Health Education and Training Facility at San Diego Mesa College. The campus is located at 7250 Mesa College Dr...
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• San Diego Townhome Community Becomes a California Landmark
9/17/10
California Landmark Group (CLG) has purchased Serenata, a new, 45-unit townhome community in San Diego, for $10.15 mil ($225.5k/unit). Located at 6410 College Grove Dr, north of the 94 Fwy by Chollas Lake Park, the complex wa...
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• KBS Closes Its Second Northern San Diego Office Buy in 90 Days
9/15/10
KBS Real Estate Investment Trust II (KBS REIT II) just closed on its second office buy in north San Diego in less than 90 days, after acquiring Torrey Reserve West, an 118k sf office park in Del Mar Heights, 20 miles north of...
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• AMCAL a Finalist for Best Reuse of Land Award
9/14/10
AMCAL Multi-Housing Inc has been named a finalist for the Best Reuse of Land award for Los Vientos by Multifamily Executive. The annual Multifamily Executive awards honor the best in multifamily real estate across the United...
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• Kearny Venture Nabs San Diego-Area R&D Property in Short Sale
9/14/10
A joint venture of Los Angeles-based Kearny Real Estate Company and TriGate Capital of Dallas has acquired a vacant 74k sf flex/research and development building in San Diego’s Rancho Bernardo submarket. The property, locate...
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• Morgan and Friesen Join Grubb & Ellis’ Retail Team in San Diego
9/09/10
L. Thomas Morgan, CCIM, and Gary Friesen have joined Grubb & Ellis Company’s Retail Group, as Senior Vice President and Associate, respectively. As part of the Retail Group, the team will specialize in assisting churches and...
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• NetREIT Spends $10 Mil on San Diego-area Office Property
9/09/10
Genesis Plaza, a 57.7k sf office building in San Diego’s Kearny Mesa area, was purchased by Escondido-based NetREIT Inc in a $10 mil ($173/sf) transaction. The building is located at 4995 Murphy Canyon Rd, south of Clairemont...
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• Douglas Wilson in the Driver’s Seat in San Diego Office Buy
9/02/10
San Diego’s Robert F. Driver Building, a nine-story, 80.3k sf office building located at 1620 Fifth Ave on the east side of downtown, was acquired by 1620 Fifth Avenue LLC, a Douglas Wilson Companies-controlled investment ent...
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• CA Retail Deal Update
8/31/10
TEMECULA (Riverside County) -- A private investor purchased Temecula Creek Plaza, a 69k sf retail center located at 31021 – 31141 Temecula Pkwy. Built in 2007, the property is located within close proximity to Temecula Creek ...
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• Fairfield Properties Leases 60k sf of Sorrento Corp Office Space
8/26/10
Recent leasing activity in San Diego’s Sorrento Mesa submarket includes a new $6 mil deal for 60.6k sf of Class B office space by Fairfield Properties. The multifamily property developer will be taking floors one through thre...
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• San Diego Mobile Home Park Fetches Over $38 Mil
8/24/10
In a big SoCal mobile home sale, Poway Royal Estates, a 399-space, 51-acre mobile home park in Poway, was purchased by Hometown America LLC for $38.3 mil, or about $96k/space. The property was constructed in 1972 and is locat...
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• Barnhart Balfour Beatty Recognized for Two San Diego-Area Projects
8/20/10
Barnhart Balfour Beatty, one of San Diego County’s largest general contractors, has received two “Project of the Year” awards from the American Public Works Association (APWA) of San Diego & Imperial Counties.
T...
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• Wood Partners to Move Forward With $90 Mil Res Project in Kearny Mesa
8/18/10
Wood Partners LLC has purchased a 5.9-acre fully permitted apartment site in San Diego’s Kearny Mesa area, where the company plans to develop a 379-unit luxury apartment community. The four-story podium project, in the Spectr...
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• San Diego-Area Office Activity Reaches Pinnacle
8/18/10
The Muller Company just completed a $13.5 mil refi of Pinnacle Executive Centre, a 110.1k sf Class A office building located in San Diego’s Carmel Mountain Ranch area. The company also signed 11 leases and renewals at the bui...
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• Guild Mortgage Takes 42k sf Office Space in Kearny Mesa
8/16/10
On the industrial side, Safelite Fulfillment Inc, doing business as Safelite Auto Glass, agreed to a 10-year, $2.87 mil lease a 33.2k sf ($0.72/sf/mo) freestanding warehouse building at 7880 Dunbrook Rd, north of Miramar Rd a...
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• Positive Outlook for San Diego Industrial and Office Markets
8/04/10
For the first time in seven consecutive quarters, San Diego’s industrial market showed positive net absorption, posting 169.8k sf for the first half of 2010, according to Jerry Holdner, Vice President of Market Research for V...
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• Former Escondido Cadillac Dealership Sold for $4.8 Mil
8/04/10
A 23.9k sf auto dealership facility in Escondido was purchased by Care/West Vista Way LLC for $4.8 mil ($201/sf). Located on 3.82 acres at 1515 Auto Park Way, south of the 78 Fwy and just west of I-15, the facility was previo...
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