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• Cypress Office Properties Awards Leasing Assignment for Recent OC Buy to CBRE
8/08/11
San Diego-based Cypress Office Properties has selected CB Richard Ellis to handle the leasing of Anaheim Crossroads (formerly Orangethorpe Plaza), following Cypress’ recent off-market, “loan to own” acquisition of the propert...
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• Cassidy Turley/BRE’s 2nd Quarter Report for the San Diego Office Market
8/04/11
While San Diego office market fundamentals may not be as strong as they were prior to the recession or as weak as they were during the recession, they are definitely improving. Statistics we became accustomed to before the re...
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• Westcore Properties’ Goals on Target Thanks to Five Arrows
8/04/11
San Diego-based Westcore Properties has obtained up to a $200 mil investment from Five Arrows Realty Securities V LP (Five Arrows). Five Arrows is an investment fund managed by New York-based Rothschild Realty Managers LLC (R...
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• Zodiac Signs Two in Vista
8/03/11
In recent San Diego County industrial activity, Zodiac Pool Systems leased a combined 295k sf of industrial manufacturing and distribution space in Vista. The company is a leading manufacturer of differentiated pool equipmen...
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• Loja Real Estate Purchases The Shops at Pacific Station
8/02/11
Loja Real Estate LLC recently closed on the acquisition of The Shops at Pacific Station, a 38.8k sf grocery-anchored shopping center in Encinitas, for $19.5 mil ($503/sf). The Shops at Pacific Station is the retail portion of...
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• Bixby Land Completes $7 Mil San Diego Buy from Westcore Properties
8/01/11
In San Diego, a 72.2k sf industrial warehouse property located at 5260 Anna Ave was purchased by Bixby Land Company for $7.35 mil ($102/sf). Bixby, a SoCal-based private REIT that owns and operates more than 5 msf of office a...
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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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