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• HFF Arranges $9 Mil for Carlsbad Mobile Home Park
4/06/11
HFF has arranged $8.9 mil in refi money for Lanikai Lane Mobile Home Park, a fully occupied, 146-pad site in Carlsbad. Lanikai Lane is located at 6550 Point Dr, across the street from the South Carlsbad State Beach and adjace...
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• San Diego Economy on the Rebound
4/04/11
The San Diego commercial real estate market is expected to strengthen in 2011, according to an economic forecast event held last week by Voit Real Estate Services. The event’s keynote speaker, Dr. Christopher Thornberg, Foun...
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• Recent Signings Bring Carlsbad Office Complex to 74% Leased
3/31/11
The Campus, a 163k sf multi-tenant office development in Carlsbad, currently stands at 74 percent leased. The three-building complex is located at 5962, 5964 and 5966 La Place Court, within the prestigious Carlsbad Research C...
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• Wells Fargo Leases 61k sf of Sorrento Mesa Office Space
3/25/11
Wells Fargo has agreed to a $4 mil, 36-month lease for 61.2k sf ($1.81/sf/mo) of office space at the Legacy Wateridge office building in Sorrento Mesa. Legacy Wateridge, which consists of two, two-story Class A office buildin...
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• OliverMcMillan Moving Forward With Improvements at Daly City Res Project
3/23/11
San Diego-based OliverMcMillan will begin work on a $5 mil improvements upgrade ahead of the planned opening of sales for 88 Hillside, a luxury mid-rise condominium with ocean views and adjacent access to BART in Daly City, C...
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• Draftsmen & Craftsmen
3/23/11
McCarthy Building Companies has begun construction of the Arcadia High School Performing Arts Center. The 40k sf facility will anchor the campus at its northwest corner on a 4.2-acre site at Campus Dr and El Monte Ave. McCart...
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• Shea Properties to Get Underway with Highly Anticipated San Diego Mixed-Use Project
3/18/11
Shea Properties will soon begin construction on their Mercado del Barrio project, a highly anticipated development consisting of a shopping center and 92 affordable apartment units in the Barrio Logan neighborhood at the base...
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• Downtown La Jolla Site Sells for Over $500/sf
3/09/11
A .32-acre land parcel in downtown La Jolla that is fully entitled for 24 townhomes just sold for $7.6 mil. The buyer, Zephyr Partners-RE LLC, plans to demolish the existing structures and hopes to break ground in the next th...
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• Pacific Beach Multifamily Sale is a Gem of a Deal
3/08/11
Here’s the scoop on a recent San Diego-area apartment sale, in Pacific Beach. The Diamond 24 Apartments, a two-building complex located at 1742 and 1754 Diamond St, north of Grand Ave and midway between I-5 and the Pacific Oc...
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• CT Realty Acquires 20k sf Sorrento Mesa Industrial Property
3/04/11
CT Realty Investors acquired a 20.3k sf industrial property in Sorrento Mesa for $2.03 mil ($100/sf) through a loan acquisition earlier in 2010. The buyer purchased the property to occupy it with their company, Vector Resou...
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• Vitro Subleases Office Building in San Diego’s Liberty Station
3/02/11
In a Carlsbad deal from a month ago, Intravas signed a three-year, $555k deal for 11.6k sf of office space at 5770 Armada Dr in the Carlsbad Research Park. Other tenants within the low-rise buildings along Armada Dr and Fleet...
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• Zephyr Partners Acquires San Diego Townhome Development Site
2/15/11
Here’s a couple of interesting residential development news notes from San Diego County. In the first newsbrief, Zephyr Partners purchased a 27.7k sf development site at 1030 Pearl St in San Diego. The site, which is entitled...
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• MIG Real Estate Closes 138k sf San Diego Office Buy
2/15/11
MIG Real Estate LLC has acquired two office buildings totaling 138k sf in San Diego’s University Town Center submarket. Terms of the sale were not disclosed.
The all-cash transaction marks MIG Real Estate’s third and four...
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• San Diego Res Development Acquired by Mountain Real Estate Capital / Davidson Communities Venture
2/11/11
A joint venture between Mountain Real Estate Capital (MREC) and Davidson Communities LLC has acquired the Fairbanks Country Villas development in San Diego, representing the second purchase by the partnership in the region. T...
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• Draftsmen & Craftsmen
2/11/11
San Diego-based Smith Consulting Architects has completed the design and construction administration for the new 4.5k sf branch office of First Citizens Bank. The building is located at 6088 Innovation Way, within The Towers ...
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• Quake Shakes Up Kearny Mesa Owner/User Investment Market
2/03/11
Quake Global has acquired a 17.8k sf Class A office building in the Kearny Mesa Spectrum area of San Diego for $4.1 mil ($230/sf). The transaction included the assumption of a $3.7 mil commercial backed security (CMBS) loan. ...
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• San Diego Mixed-Use Project Fully Leased after Spate of Recent Signings
2/02/11
Recent signings by Pappalecco, Osteria Origano, Beauty by Dolly and Pure Barre have brought D.R. Horton’s mixed-use Atlas development in San Diego to 100 percent leased. These latest transactions have a combined value of $1.6...
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• Lowe Underway on Second Phase of County Operations Center in Kearny Mesa
1/31/11
Lowe Enterprises has begun construction of the second phase of the County Operations Center and Annex redevelopment in Kearny Mesa, which includes two 150k sf, four-story, steel-frame office buildings, a 15k sf conference cen...
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• Texas Buyer Gets a Nice Sunset View in San Diego
1/24/11
Sunset View, a 112-unit apartment community in Oceanside, sold for $20.175 mil ($180k/unit). Built in 1990, the property is located at 2500 Sea Cliff Way, just south of Oceanside Blvd on the east side of I-5.
The property i...
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• Newly Merged COBRA-PUMA Golf Starts Design Work on Redesigned Carlsbad Facility
1/19/11
Design work is underway on the 56.2k sf office/R&D/industrial facility for COBRA-PUMA Golf in the city of Carlsbad. The two-story, concrete tilt-up building, located at 1818 Aston Ave, is now part of the new COBRA-PUMA Golf c...
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