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• Jay Paul Company Completes New 197k sf Office Tower in Rancho Bernardo
9/18/09
Summit Rancho Bernardo, a new 196.7k sf Class A office tower developed by Jay Paul Company in San Diego’s Rancho Bernardo area, has just been completed. Located at 16620 West Bernardo Dr, south of Rancho Bernardo Rd and west ...
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• Retail Vacancies in Downtown San Diego Jump 4 Points
9/17/09
A just released report by Cushman & Wakefield’s Urban Property Group shows that since fourth quarter 2008, the retail vacancy rate in downtown San Diego has increased by more than 4 percentage points, from 7 percent to 11.2 p...
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• Homeland Security to Call San Diego High-Rise Home for another Five Years
9/16/09
The U.S. General Services Administration inked a five-year expansion/renewal lease for a total of 44.8k sf of office space at 610 West Ash in downtown San Diego, on behalf of the Department of Homeland Security. The value of ...
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• San Diego Bioscience Campus Sells for $115 Mil
9/10/09
In a major San Diego-area sale, SNH Medical Office Properties Trust acquired a three-building, 170k sf bioscience complex in the Torrey Pines area for $115.6 mil ($680/sf). It is located at 3030-3040-3040 Science Park Rd, jus...
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• Construction Completed on New San Marcos Retail/Residential Project
9/03/09
In recent development news from San Diego County, Ledcor Construction Inc has completed construction for San Elijo Hills Town Center, a new zero-lot-line commercial/residential mixed-use project located within the master-plan...
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• McCarthy Awarded $90 Mil Construction Management Project
9/02/09
McCarthy Building Companies recently landed another big construction management project, having been awarded the assignment for the new 150k sf, four-story Health Sciences Biomedical Research Facility at the University of Cal...
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• New Leases at Kearny Mesa Office Complex Total Over $10 Mil
8/28/09
Recent activity at Spectrum Corporate Plaza in Kearny Mesa includes three leases for a combined 63.5k sf of space at the two-building, 130k sf Class A office complex. The transactions, worth $10.5 mil, were with Epsilon Syste...
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• Barnhart on the Receiving End of 4 Military Awards
8/24/09
San Diego-based Barnhart Inc has been awarded four SoCal military construction contracts worth $35.7 mil within the last 45 days. All four awards were made under existing multiple-award contracts for which Barnhart had previo...
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• Construction Tops Out on First Buildings at San Diego’s County Operations Center
8/18/09
Construction has topped out at the first two 150k sf office buildings of the new County Operations Center in San Diego’s Kearny Mesa area. The two buildings are part of a larger planned redevelopment of the 38-acre site on b...
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• Investment Group Picks Up 49k sf Carlsbad Office Property
8/13/09
In a recent San Diego-area office buy, a wholly owned subsidiary of Providence Capital Speed Fund L.P. purchased Carlsbad Pacifica, a 49k sf project in Carlsbad. The sale price was not disclosed.
The Class A property, locat...
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• Kearny Mesa Mixed-Use Project Acquired by Private Investor for $12 Mil
8/11/09
A private family trust purchased Convoy-Ronson Plaza and Industrial Park in San Diego’s Kearny Mesa area for $12.25 mil. The 104.2k sf ($117.6/sf) mixed-use project was constructed in 1972 on a single 5.98-acre lot and is loc...
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• Trio of Smaller Office Comps from San Diego
8/05/09
For those of you who like to keep up on the latest office activity throughout the San Diego region, we have three recent, smaller comps to share with you in this update.
We’ll start in Sorrento Mesa, where Canon Business Sol...
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• San Diego Office Vacancy Rate Jumps to 17% in 2nd Quarter
8/04/09
After remaining relatively flat for two quarters, San Diego's overall office vacancy rate spiked by a full percentage point in the second quarter of 2009, reaching 17 percent, according to the San Diego Studley Report, Studle...
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• CBRE Chops Down Vacancies at The Timbers
8/03/09
The Timbers in Solana Beach, a 47.5k sf office building at 445 Marine View Ave in Solano Beach, saw occupancy jump from 49% to 82% over the past six months thanks to six lease signings for a combined 17.2k sf of space. The de...
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• 226k sf Oceanside Industrial Project Trades Hands
7/30/09
La Pacifica, a 226.2k sf industrial project in Oceanside, was acquired by DEI LLC in one of the few big San Diego County investment sales so far in 2009. The property is located at 3801, 3809 and 3817 Ocean Ranch Blvd, east o...
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• San Diego Office Sales Activity Picks Up
7/27/09
Sales activity in the San Diego office market has significantly increased, according to Voit Real Estate Services' second quarter market report. Despite challenges such as declining rents, increased vacancies, tenant delinque...
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• San Diego Retail Review
7/20/09
In recent retail sales activity in San Diego County, Woodside Avenue Investors purchased 3.1k sf of retail space at 14969 Pomerado Rd, at the intersection with Camino Del Norte in Poway, from Wells Fargo Bank N.A. for $1.95 m...
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• The Counter Comes to Carlsbad
7/16/09
In a recent restaurant deal in Carlsbad, WY Burger Company agreed to a 10-year lease for 4k sf of retail space at The Forum Carlsbad, located at 1923 Calle Barcelona, north of Leucadia Blvd and west of El Camino Real. The le...
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• Industrial Tenants Snap Up Space Near Local Airfields in San Diego County
7/09/09
Verdezyne Inc recently agreed to a four-year, $1.1 mil lease for an 11.5k sf($1.99/sf/mo) industrial property in Carlsbad, near the McClellan-Palomar Airport. The building is located at 2715 Loker Ave, north of Palomar Airpo...
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• Downtown San Diego Retail Building Trades for $857/sf
6/30/09
A 2.8k sf retail property in downtown San Diego sold for the first time in more than 50 years. The property, which is located at 635 5th Ave, west of I-5 and just north of Market St, fetched $2.4 mil ($857/sf).
Rick Wu of Vo...
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