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• New 279k sf Children’s Acute Care Center in Kearny Mesa is Completed
8/03/10
Construction of the new 279k sf Rady Childrens Hospital Acute Care Pavilion in Kearny Mesa has been completed, more than two weeks ahead of schedule. The $260 mil project was designed by the San Francisco office of Anshen+All...
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• Watt Properties Inks 28 Retail Deals in First Half of 2010
8/03/10
SoCal-based Watt Commercial Properties saw considerable leasing activity within their retail portfolio over the first half of 2010. All told, the shopping center firm executed seven new leases and renewed 21 existing lease co...
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• Mid-Year 2010 San Diego Retail Market Review
7/28/10
Here’s a quick mid-year summary of San Diego’s retail market, provided to us by regional real estate services firm Cassidy Turley BRE Commercial:
Absorption: In the first half of 2010, San Diego’s retail market recorded 301k...
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• San Diego Warehouse/Distribution Portfolio Lands New $15 Mil Senior Loan
7/28/10
Commercial real estate investment banking firm George Smith Partners has arranged a $15 mil senior permanent loan for three warehouse distribution buildings totaling 230k sf in San Diego. The loan was placed by GSP’s Gary Mo...
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• Biotech Firm Leases 23k sf Sorrento Mesa Facility
7/22/10
Industrial users continue to seek out space in San Diego’s Sorrento Mesa submarket. In a recent example, Pfenex Inc leased a 22.8k sf facility located at 10790 Roselle St, directly south of the confluence of I-5 and I-805. Th...
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• Security Properties Closes $22 Mil Apartment Buy in Downtown San Diego
7/21/10
Security Properties Inc. paid $22 mil for Entrada, a 172-unit apartment property located at 453 13th St in downtown San Diego’s East Village area. The multifamily transaction is the first apartment sale of 100 units or more i...
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• Gift Items Retailer Inks Deal for Calexico Space
7/15/10
Casa Bonita, a housewares, gift and novelty merchant, recently signed a lease for 11k sf of retail space in Calexico. The space is at 102-104 Second St, immediately adjacent to the pedestrian crossing at the Mexico/USA border...
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• Kilroy Completes $70 Mil San Diego Office Buy
7/15/10
Kilroy Realty Corporation closed on a large San Diego office acquisition, paying $70.5 mil for Mission City Corporate Center, a 279.4k sf ($252/sf) complex in Mission Valley, in two separate deals months apart. The buy consi...
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• 2nd Qtr 2010 Leasing Activity Review for San Diego
7/14/10
Here’s a quick mid-year synopsis of the San Diego office, industrial and retail real estate markets, provided to us by brokerage services giant CB Richard Ellis.
The San Diego office market shows signs of stabilizing as the ...
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• San Diego Office Complex Purchased by Colony Realty Partners for $31.5 Mil
7/13/10
By Allen Wolfsheimer
An institutional-quality, San Diego-area office property traded hands in a recent $31.5 mil investment acquisition by Colony Realty Partners. The property is Spectrum Corporate Plaza, a two-building, 128...
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• Owner/User Acquires Downtown San Diego Retail Building
7/12/10
In a downtown San Diego retail buy, Hive Sushi Lounge has purchased the 3k sf building located at 1065 14th Street, west of I-5 and a block north of Broadway in East Village, for $1.1 mil ($367/sf). The buyer occupies the maj...
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• San Diego-Area Apartment Comps
7/09/10
We’ve got three recent multifamily acquisitions from San Diego County to report. We’ll start in the city, where North Park Terrace, a 22-unit apartment complex located at 3939 Idaho St, sold for $2.5 mil ($113.6k/unit). It tr...
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• New Escondido Res Project Marks the Transformation of a Troubled Neighborhood
7/06/10
The Crossings at Escondido, a new 53-unit residential project geared to working families in the Mission Park area of Escondido, is set to break ground. Developed by Urban Housing Communities LLC, the project marks the transf...
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• Sorrento Mesa Site Acquired for Cancer Treatment Center
7/02/10
In San Diego development news, seven acres of land in Sorrento Mesa were purchased by Advanced Particle Therapy for the Scripps Proton Therapy Center. The site, located at the southwest corner of Camino Santa Fe and Summer Ri...
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• ARK Lands Two Additional San Diego Management Assignments
7/01/10
ARK Management has added two San Diego-area properties, totaling more than 100k sf of space, to its third-party management portfolio in May 2010 alone. The new third-party management contracts are for Siempre Viva III in San...
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• Buyer Show a Lot of Grace in $6.5 Mil Oceanside Church Buy
6/30/10
Grace International Churches & Ministries Inc acquired a 23k sf church facility at 1602 South El Camino Real, east of I-5 and south of Oceanside Blvd in Oceanside, for $6.5 mil ($283/sf). Built in 2005 on a 15-acre site, the ...
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• Stoneridge Capital Partners Closes 46k sf Office Buy in San Diego Area
6/28/10
Stoneridge Capital Partners, out of Newport Beach, has acquired the 46.6k sf Four Governor Park office property in San Diego in an all-cash purchase. The multi-tenant office property is located at 5080 and 5090 Shoreham Place...
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• Big Box Takes 55k sf at Big Miramar Warehouse Facility
6/25/10
In a recent Miramar industrial lease, Big Box Storage Inc took 55.2k sf of warehouse space at 7077 Consolidated Way, adjacent to the south side of Miramar Rd and about midway between I-805 and I-15. The five-year deal is valu...
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• Qualcomm Acquires Sorrento Mesa Property from Dr. Pepper Snapple Group
6/24/10
Qualcomm ultimately plans to tear down the existing warehouse building on Morehouse Dr and build additional office space to complement the company’s current corporate headquarters located across the street. According to Crabb...
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• New Escondido Res Project Marks the Transformation of a Troubled Neighborhood
6/23/10
The Crossings at Escondido, a new 53-unit residential project geared to working families in the Mission Park area of Escondido, is set to break ground. Developed by Urban Housing Communities LLC, the project marks the transf...
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