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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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• New San Diego Ronald McDonald Offers a Lot More than Burgers
10/08/09
The new San Diego Ronald McDonald House opened its doors in June, offering a tremendous resource for anyone with a child being treated at a local hospital. The House replaces an older 12-bedroom facility with a 65k sf, 47-bed...
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• 114-Unit Oceanside Apartment Property Listed for Sale
10/07/09
Bethany Summit -- a coastal North San Diego County apartment complex once owned by The Bethany Group, an Irvine-based real estate and investment firm -- has been listed for sale by Trigild, the San Diego-based receivership an...
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• Ad Agency Picks Up Downtown San Diego Building for New HQ
10/05/09
Here’s the scoop on a recent downtown San Diego sale, as advertising agency MeadsDurket purchased a 6k sf building located at 502 10th Ave, west of I-5 and a block south of Market St, for $1.35 mil ($225/sf). Built in 1961, t...
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• Investor Pays $14 Mil for Ground Floor Retail of New Downtown SD Mixed-Use Project
10/02/09
The 43k sf ground floor retail space leased to Albertson’s grocery store at Market Street Village in downtown San Diego traded hands in a recent investment deal worth $13.8 mil ($321/sf). Located at 655 14th St, west of I-5 o...
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• HFF Arranges $4 Mil Recapitalization on San Diego-Area Mixed-Use Project
9/28/09
The Indianapolis and San Diego offices of HFF (Holliday Fenoglio Fowler, L.P.) have arranged a $4.1 mil recapitalization of Harborview Mixed-Use Development, located at 404 East 8th St in National City, close to I-5 and downt...
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• Construction Completed on New Health Building at San Diego Mesa College
9/28/09
McCarthy Builders has completed construction on the new three-story, 50k sf Allied Health Building at San Diego Mesa College, located at 7250 Mesa College Dr in the Clairemont area of San Diego. Construction of the new $23 m...
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• Reverse Mortgage Company Looks to Reverse Office Leasing Market in Mission Valley
9/25/09
In recent office leasing activity from San Diego’s Mission Valley area, Cypress Insurance Company, a subsidiary of Berkshire Hathaway, signed a five-year, $2.4 mil deal for 20.9k sf ($1.91/sf/mo) of space at Rio Vista Plaza I...
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• Santee School District Gets Modernized
9/24/09
The Santee School district recently completed $23 mil in modernization work at three school campuses in addition to adding three new junior high buildings valued at more than $16 mil. The schools had not received any major mo...
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• Church Buys San Diego Industrial Property for Youth Center
9/23/09
In recent industrial activity in San Diego, The Church Iglesia Del Dios Vivo Columna has acquired a 15.7k sf property for $1.3 mil ($83/sf). The property is comprised of two buildings and three parcels of land and is located ...
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