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• Sperry Van Ness and Promus Combine San Diego Operations
7/29/11
Sperry Van Ness and Promus Commercial, AMO® have merged their San Diego-based operations. The new company, Sperry Van Ness/Promus Commercial, will operate out of two offices, in San Diego and El Cajon.
Lauri Greenblatt-Hines...
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• CBRE Provides Mid-Year Review of San Diego Office, Industrial and Retail Markets
7/28/11
CB Richard Ellis, the world’s largest commercial real estate services firm, released San Diego MarketView Reports outlining commercial real estate activity for the region during second quarter 2011.
San Diego office space co...
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• La Quinta Multifamily Asset Sells for Just Under $20 Mil
7/28/11
The Clubhouse, a 149-unit apartment community in La Quinta, recently traded hands at a price of $19.5 mil ($131k/unit). Built in 2007, The Clubhouse is located at 80-175 Ave 52m south of Hwy 111 and just east of Jefferson St...
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• C&W Grows San Diego County Presence with the Hiring of 10 Regional Pros
7/22/11
Cushman & Wakefield has added 10 real estate pros who have consistently been top performers in commercial real estate sales and leasing in the northern San Diego submarkets, including Carlsbad. The group includes seven indust...
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• CapRock Acquires Non-Performing Note on Vista Property
7/21/11
CapRock Partners foreclosed on a non-performing note secured by a 25.2k sf high-profile industrial facility located at 1211 Liberty Way Dr in Liberty Business Park in Vista. The Irvine-based company has been actively buying i...
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• La Mesa Apartment Community is a Prime Investment
7/20/11
Prime Residential has purchased Park Grossmont, a 160-unit apartment community in La Mesa, for $21.75 mil ($136k/unit). Located at 9076 Campina Dr, north of I-8 and east of Hwy 125, the property was sold by Grossmont Partners...
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• Kimpton Affiliate Closes on 184-Room San Diego Hotel Property
7/19/11
A Kimpton Hotels & Restaurants affiliate has closed on a San Diego hotel buy, paying $49 mil for the Sč Hotel, a 184-room property located at 1047 Fifth Ave in downtown San Diego. The 23-story, recently constructed mixed-use ...
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• C-III Asset Management Sells Two San Diego Hotel Properties
7/14/11
C-III Asset Management was represented in the sales by Holden Lim and Zack Holderman of HFF. C-III Asset Management LLC, which is a wholly-owned subsidiary of C-III Capital Partners, is a highly rated Primary and Special Serv...
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• Majority of Retail Space at AZ Mixed-Use Project Sells for $110 Mil
7/14/11
San Diego-based Excel Trust has purchased the majority of the retail space at The Promenade in Scottsdale, for $110 mil. The Promenade is part of Scottsdale Promenade, one of the largest mixed-use developments in the Phoenix,...
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• Hamann Company Entities Close Otay Mesa Venture
7/13/11
Two entities of the Hamann Companies have acquired Venture Commerce Center – Otay Mesa, an eight-building, 123.7k sf biz park project in Otay Mesa. The property, situated on 8.44 acres, traded for an undisclosed price.
The o...
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• Wood Partners Breaks Ground on New Upscale San Marcos Apartment Project
7/06/11
Wood Partners has broken ground on a new luxury apartment community in San Marcos. The as yet unnamed development is adjacent to California State University San Marcos (CSUSM) and is walking distance from retail and restauran...
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• San Marcos Office Project Sees Flurry of Deals over Past Year
7/01/11
Civic View Corporate Centre, a 95.4k sf office property in San Marcos, currently stands at 73% leased, thanks in part to 47.6k sf of new deals over the past 12 months.
Developed by Newport National Corporation, Civic View Co...
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• Westcore Spending Some Time – and Money – in Hawaii
6/29/11
San Diego-based Westcore Properties recently closed on its first Hawaiian acquisition, Waipio Business Center, a 250.5k sf, four-building industrial campus located at 94-1363 Moaniani St. in Waipahu, Hawaii. The financial te...
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• Barnhart Balfour Beatty Wins 3 Awards in DBIA Design/Build Competition
6/27/11
Barnhart Balfour Beatty announced that it received three awards in the Design-Build Institute of America’s (DBIA’s) Western Region awards competition. According to DBIA, “the annual competition honors projects in California,...
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• George Smith Partners Adds Two Industry Leaders
6/27/11
Commercial real estate investment banking firm George Smith Partners has hired Bryan P. Shaffer as a Senior Vice President and Malcolm Davies as a Vice President, according to David Rifkind, Principal and Managing Director of...
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• Absorption Trends Exemplify Retail Market’s Strengthening
6/23/11
Rising shopping volume and minimal construction activity will accelerate improvements in San Diego retail operations through 2011, after the market entered recovery ahead of expectations last year. San Diego was the only majo...
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• New 58k SF Lease is Therapy for Sorrento Valley Landlord
6/23/11
Halozyme Therapeutics has signed two leases for a total of 58k sf in two buildings in Sorrento Valley at 11404 and 11408 Sorrento Valley Road and 11388 Sorrento Valley Road. At 11404-11408 Sorrento Valley Rd, the firm took 27...
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• Capstone Advisors Picks Up 40k sf San Diego-Area Retail Property
6/22/11
Capstone Advisors purchased Mission Escondido Shopping Center, a 40.3k sf retail complex in Escondido, for $3.9 mil ($97/sf) from a subsidiary of Kennedy Wilson Properties. The San Diego-based company plans to use its asset m...
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• Mountain Real Estate Capital and Davidson Communities Purchase San Diego Res Project
6/21/11
A joint venture of Mountain Real Estate Capital (MREC) and Davidson Communities LLC has acquired The Vintage at The Crosby development in San Diego. This represents the third acquisition made by the MREC/Davidson partnership ...
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• Former Law School is Now Elementary in Old Town
6/20/11
Old Town Academy, a kindergarten through eighth grade charter school, has signed a 60-month lease valued at $2 million for the former Thomas Jefferson School of Law campus in Old Town.
Located at 2120 San Diego Avenue, the o...
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