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Pacific Business Centers Opens New Location in Carlsbad 5/27/09 Pacific Business Centers (PBC) inked a new 11-year lease agreement with Newport National Corporation to open a brand new office business center this summer at Ventana Real, a Class A office project in Carlsbad.
Ventana Re...
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Carl Zeiss’ Vision for New Regional HQ is Achieved 5/26/09 Tenant improvement work on a new 33k sf regional headquarters for Carl Zeiss Vision Americas Pacific was just completed. The space is in the Scripps Summit building at 12121 Scripps Summit Dr, east of I-15 and north of Scripp...
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Thermo Fisher Scientific Inks Renewal for 100k sf of Sorrento 5/22/09 Here's an update on a recent San Diego-area industrial lease, as Thermo Fisher Scientific Inc, a provider of analytical instruments and laboratory equipment, has signed a 60-month, $4.26 mil renewal for 102.2k sf ($0.69/sf/mo...
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Recent Deals Bring The Aventine to 85% Leased 5/21/09 Although many office properties are having a tough time keeping their vacancies down these days, one SoCal office property that is continuing to enjoy strong leasing activity is The Aventine, a 217k sf Class A building locate...
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Procopio, Cory Inks 8-Year Renewal/Expansion Deal in Carlsbad 5/18/09 Procopio, Cory, Hargreaves & Savitch LLP, a San Diego-based law firm, has signed a 96-month, $2.72 mil renewal/expansion lease for 11.6k sf ($2.44/sf/mo) of office space at Cornerstone Corporate Centre in Carlsbad. The proper...
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Pair of Carlsbad Apartment Properties Trade in Recent Deals by Local Investors 5/15/09 We’ve got two recent apartment sales from Carlsbad to report. The transactions, which comprised 22 units, totaled up to over $3 mil in value.
Both of the properties were sold by the Barker Family Trust of Carlsbad. The buyer...
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Phase 3 Properties Heads for the Border 5/14/09 Construction has been completed on a 124.8k sf industrial warehouse building located at the corner of Pan American St and Rood Rd within the 78-acre Maggio Industrial Center in Calexico, a CA town south of El Centro and just...
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Fresh Mexican Grill Comes to Mira Mesa while Mexican Café to Remain in Old Town 5/13/09 For those of you who like to keep on top of retail deal comps from San Diego, we’ve got three recent transactions from the county to report on. Two of the deals are leases, while the third is a sale.
And in Mira Mesa, El Por...
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Downtown SD is the Place for Ace 5/08/09 Ace hardware is the latest retailer to locate in downtown San Diego, after inking a 10-year, $3.53 mil lease for 8.3k sf ($3.54/sf/mo) of space at The Lofts at 655 G St. Ace’s new location is located at 675 Sixth Ave, in down...
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PETCO Park Office Condo Sells for $454/sf 5/07/09 Developers of a unique office condo project in downtown San Diego just sold their first unit. The project, located at 815 J St, is the historic Schiefer & Sons building at PETCO Park. It features six office condos, all of whi...
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Novartis Takes 12k sf of Office Space in Sorrento Mesa 5/04/09 Novartis Pharmaceuticals Corporation leased 12.4k sf of office space in San Diego’s Sorrento Mesa area, after agreeing to a five-year, $1.9 mil ($2.55/sf/mo) deal at 9330 Scranton Rd. The building is part of Sorrento South Co...
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San Diego Office of Lee & Associates Grows with Addition of Five New Hires 5/01/09 The San Diego office of Lee & Associates has added five new brokers to its roster. They are: Steve Malley, a former Vice President and Managing Director of Sperry Van Ness, who joins the firm as a Principal; Mary Kay Bier and...
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Santana-Inspired Restaurant to Open in Mission Valley 4/30/09 Maria Maria, an exciting new restaurant creation from a business collaboration that includes legendary rock figure Carlos Santana, has taken over the space formerly occupied by Prego Ristorante at Hazard Center in San Diego’s...
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Profinity Properties Offers a Different Approach to Property Management 4/29/09 Profinity Properties is a newly created San Diego County-based property management company that has taken a somewhat different approach to management which includes utilizing a proprietary software program the company has dev...
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Delphi Renews 92k sf Tijuana Facility 4/28/09 In an newsworthy deal from south of the border, Delphi Connection Systems renewed its lease for a 92k sf industrial building located in Tijuana, Mexico. The three-year transaction is valued in excess of $1.3 mil ($0.39/sf/mo)...
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Office Tenants Remain in Control in San Diego 4/28/09 The San Diego County office market remains a tenants’ market with rising vacancy and declining rents, according to a just released first quarter 2009 report from Cushman & Wakefield (C&W).
According to the study, first quart...
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Newly Formed Property Management Firm Promises PEAK Performance 4/27/09 A newly formed property management firm is already making its mark with multifamily property owners in the San Diego area. The company, PEAK Real Estate Management Group, has an arrangement with Hoban Property Management Comp...
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It’s Prime Time for Big San Diego Apartment Buys 4/24/09 In news that bodes well for San Diego’s multifamily market, two institution-quality apartment properties in Oceanside were recently acquired by The Prime Group, a private San Francisco-based real estate investment company, in...
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San Diego Apartment Prices Showing Signs of Stabilizing 4/23/09 Average annual selling prices for apartment properties in San Diego County showed signs of stabilizing in 2008, even as big out-of-area institutional buyers shied away from the largest and most expensive in the region. That’s...
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Creative Shared Space Users Swarming to theHIVE 4/22/09 Communal office space for creative entrepreneurial types who thrive on collaborative networking and up-to-the-second technology is the vision behind "theHIVE", a new concept in shared office space introduced recently by San D...
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