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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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• 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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