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• Shrinking Employment Level Still Pulling Down San Diego Office Market
12/04/09
With the unemployment rate in San Diego greater than 10 percent and operating incomes falling, more companies have reduced their space demands or shuttered, driving down occupancy levels and rents, according to a fourth-quart...
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• Transportation Security Administration Pulls into Liberty Station
12/03/09
In the latest leasing news from the Liberty Station Office District in San Diego, the Transportation Security Administration signed a 10-year lease for 16.6k sf of office space at Building 902. The Transportation Security Adm...
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• San Diego-Area Retail Property Signs Three Tenants
11/30/09
Three new tenants -- Ace Hardware, Yogurt Jubilee and Ahi Sushi – inked leases at Alpine Creek Town Center, a 73.6k sf shopping center located at 1347 Tavern Rd, just south of the I-8 and Tavern Rd exit in Alpine. With these ...
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• San Diego’s Chancellor Park Remains Popular with Medical/Office Tenants
11/20/09
There were three news leases to report at Chancellor Park, a Class A office and medical park in San Diego’s University Town Center area. The deals combined for 11.8k sf of space and totaled up to $4.2 mil in value.
Chancello...
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• San Diego Architectural Firm Picks Up Office Building in Short Sale
11/19/09
A three-story, 19.4k sf office building at 4499 Ruffin Rd in the Kearny Mesa submarket of San Diego was acquired for $2.85 mil ($147/sf) in a short sale. The buyers, James T. Ferguson, Philip J. Pape and Andrew S. Darragh, ow...
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• Escondido Fractured Condo Sale Brings in $5.5 Mil
11/18/09
A fractured condominium project traded hands in a recent $5.5 mil Escondido deal. The property, Heritage at Canyon Pointe Condominiums, is located at 495-505 San Pasqual Valley Rd, east of I-15, and was sold by H.G. Fenton Co...
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• Westcore Properties Recognized for Renovation of San Diego-Area Retail Center
11/13/09
Westcore Properties has received the Alpine Leadership and Public Service (ALPS) President’s Award for its recent renovation and redesign of Alpine Creek Town Center, a 73.4k sf shopping center at 1347 Tavern Rd in Alpine, ro...
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• Trigild Hires Michael Dorris and Jules Sherwood
11/11/09
Michael Dorris and Jules Sherwood have been hired as senior project managers at San Diego-based Trigild, the distressed property management and loan recovery specialists. Dorris and Sherwood will work closely with senior mana...
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• Sorrento Mesa Office Landlord has a New Boss
11/10/09
To the north, in Carlsbad, Islands Restaurants LP agreed to an expansion/renewal deal for 13.8k sf of office space at Ocean Terrace Corporate Center, located at 5750 Fleet St, east of I-5 and north of Palomar Airport Rd. The ...
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• CBRE Lands Leasing Assignment for 367k sf Medical Office Portfolio
11/06/09
CB Richard Ellis has been awarded the leasing assignment for 367k sf of medical office properties in San Diego County, the Baltimore suburb of Columbia and the Atlanta suburb of Cartersville. The properties are owned by Sant...
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• San Diego Industrial Market Remains in Negative Territory
11/05/09
The San Diego County industrial market remains tenant-driven, as landlords focused on occupancy continue to write aggressive leases including free rent and generous tenant improvements to attract new tenants and retain curren...
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• L-3 Communications Agrees to $8.8 Mil Lease Renewal in Sorrento Mesa
11/04/09
New York-based L-3 Communications Corporation inked an $8.78 mil renewal for 123.4k sf of office and R&D space at 10770 Wateridge Circle, east of I-805 and south of Sorrento Valley Blvd in Sorrento Mesa. The term of the lease...
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• North County Tavern & Bowl Leases New Location in Escondido
10/29/09
North County Tavern & Bowl inked a lease for 15.3k sf of retail space at Westfield North County Mall in Escondido. The 10-year year transaction is worth $2.95 mil, or about $1.60/sf/mo.
Westfield North County Mall is located...
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• ATK Leases Over 200k sf of Industrial Space in San Diego
10/29/09
ATK Space Systems recently inked a couple of notable deals in San Diego’s Miramar area for a combined total of 213k sf of space. In one of the leases, ATK Space Systems, a division of Alliant Techsystems Inc, signed a five-ye...
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• Pacific Maritime Sails into 58k sf Otay Mesa Facility
10/28/09
Pacific Maritime Industries Corporation purchased a 57.6k sf building at 1790 Dornoch Ct, east of the 125 Hwy and just north of the Mexican border in Otay Mesa. The $4.7 mil deal is said to be the largest owner/user sale in t...
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• It’s a Tenants Market in San Diego
10/26/09
The San Diego County office market is full of opportunity for tenants with rental rates declining and landlords becoming more creative with incentives. At least that’s the opinion of Cushman & Wakefield according to the comp...
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• Jonathan Freeman Joins Grubb & Ellis/BRE Commercial as COO and CFO
10/21/09
Jonathan Freeman was appointed as the new Chief Operating Officer and Chief Financial Officer at Grubb & Ellis/BRE Commercial, the regional real estate services firm based out of San Diego. In his new role, Freeman will lead ...
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• 3rd Quarter Office Market Review for San Diego
10/19/09
Here’s a quick look at current trends in the San Diego office market as of the end of the third quarter, from a summary provided to us by Grubb & Ellis/BRE Commercial, one of the most active real estate services firms in the ...
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• La Mesa Fractured Condo Project Fetches $6.7 Mil
10/13/09
Stoneridge by the Lake Condominiums, a fractured condo project in La Mesa, sold for $6.7 mil. The transaction was for 47.7k sf of space, which consisted of 42 of the original 51 condominium units. The property is located at 5...
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• New Otay Mesa Cold Storage Facility Awarded LEED Gold Certification
10/09/09
A 134.9k sf build-to-suit cold storage facility in the Otay Mesa section of San Diego has been awarded LEED Gold certification from The U.S. Green Building Council (USGBC). The building, occupied by Innovative Cold Storage E...
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