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• La Jolla Office Property Sells for $411/sf
8/14/08
Eads Office Plaza, a two-story, multi-tenant office building in the upscale San Diego community of La Jolla, sold for $3.9 mil. The 9.5k sf ($411/sf) structure is located at 7596 Eads Ave, at the northwest corner of Eads and ...
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• San Marcos/Escondido to Get New Medical Office Condos
8/12/08
Newport National Corporation just broke ground on Nordahl Medical Centre, the first medical condominium project to be built in the San Marcos/Escondido area. The Class A, 55.5k sf building is located along Nordahl Rd less tha...
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• Construction Completed on New Rancho Bernardo Office Building
8/11/08
The first of three buildings in the 330k sf Bernardo Terrace Corporate Center in Rancho Bernardo has been completed. Developed by Los Gatos-based Granum Partners, the Class A campus offers one of San Diego County’s few optio...
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• Slowdown Seen in San Diego Industrial Market
8/08/08
The outlook for San Diego’s industrial market is softening this year, as weakness in the housing market and employment losses continue to weigh on the economy. Fortunately, the region’s growing technology, pharmaceutical and ...
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• Vancouver Investor Comes Up with National Treasure
8/01/08
A 68k sf grocery/drug-anchored shopping center in National City was acquired by a Vancouver, Canada-based investor for $15 mil ($221/sf). Located on 7.35 acres at 855-901 Euclid Ave and 2525-2531 East Plaza Blvd, the property...
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• San Diego-Area Office Complex Trades for $637/sf
7/25/08
Paseo Del Mar, a 232.3k sf suburban office complex in the San Diego submarket of Del Mar Heights, just traded hands in a $147.9 mil ($637/sf) transaction. The property consists of three, three-story office buildings, each wit...
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• Landmark San Diego Mixed-Use Property Gets $31 Mil in Re-fi Money
7/24/08
Holliday Fenoglio Fowler L.P. (HFF) arranged $31 mil in refi money for Village Hillcrest, a landmark 577.5k sf retail, office, medical and residential development, along with a 705-stall parking structure, in the Hillcrest ne...
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• La Jolla Retail Property Sells for $617/sf
7/22/08
A 10.7k sf multi-tenant retail building at 7643-7645 Girard Ave in La Jolla was sold for $6.6 mil ($617/sf). The property includes three of La Jolla’s best known antique retailers: Ark Antiques, Pied-e-Terre, and Skolout and ...
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• New Del Mar Office Project is Filling Up
7/22/08
One new SoCal office project that does not seem to have any problems signing tenants is Gateway at Torrey Hills in Del Mar, a two-building, 200k sf development that now stands at 50% leased and expects to be at full occupancy...
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• Encinitas Office Project to Be the First Private LEED –Certified Building in the City
7/21/08
Developer Wiegand Neglia Corporation just broke ground on Quail Garden Corporate Center, a new office project that is expected to be the first private LEED-certified building in the city of Encinitas. Designed by architect Ha...
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• Apartment Buyer Joins Country Club Crowd in Oceanside
7/17/08
The Country Club Apartments, a 91-unit multifamily asset in Oceanside, was recently acquired by a private investor for $10.2 mil, or $112k/unit. The 76.6k sf property is located at 201 Country Club Lane, south of Mission Ave ...
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• Office and Industrial Opportunities Abound in Carlsbad
7/16/08
Recent commercial real estate market trends in the Carlsbad area have created significant opportunities for real estate owners and users, said Grubb & Ellis|BRE Commercial broker and part owner Dennis Visser, SIOR. “We are s...
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• Mercedes-Benz Has Its Designs on Former Chrysler Design Center in Carlsbad
7/14/08
A 34.8k sf R&D building in Carlsbad was acquired by Mercedes-Benz Research & Development for $6.9 mil ($198/sf). The property, previously occupied by Chrysler and credited as the design studio for the Plymouth Prowler, is at ...
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• Westcore Gets Very CORT-eous Tenant in San Diego
7/11/08
TechFlow Inc has inked a lease for 8k sf of office space at the Courtyard II building in Sorrento Mesa after agreeing to a five-year, $1.4 mil ($2.92/sf/mo) deal. Located at 6405 Mira Mesa Blvd, west of Camino Santa Fe, the b...
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• ACE is the Place at The Marketplace at Liberty Station
7/10/08
Crown ACE Hardware Inc has leased a 13.8k sf retail building at 2750 Dewey Rd, within The Marketplace at Liberty Station, in a 20-year, $2.5 mil ($0.75/sf/mo) lease. The store celebrated its grand opening over the Fourth of J...
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• Behringer Harvard Reaches a Crossroads in Mission Valley
7/08/08
Crossroads Office Park, a 139.7k sf multi-tenant office building in Mission Valley, was acquired by Behringer Harvard in a $34.2 mil ($245/sf) sale that recently closed. The seven-story building is located at 404 Camino Del R...
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• San Diego Office Property Fetches $56 Mil
7/07/08
The Janez Group, a San Diego-based real estate developer/owner, acquired Genesee Executive Plaza, a two-building, 159k sf office property on a 3.6-acre site at 9333 and 9339 Genesee Ave in the La Jolla Golden Triangle/ Univer...
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• BeachWalk Leads to Cupcake Love
7/03/08
Two leases with a combined value of $915k were just signed at BeachWalk, a 53.4k sf, two-level retail center located on 437 South Highway 101, midway between Lomas Santa Fe Dr and Via De La Valle in Solana Beach. The property...
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• Biomed Realty Fills 55k sf of Wet Lab Space in Ambit-ious San Diego-Area Lease
7/01/08
In San Diego’s UTC area, the CPA firm of Squar, Milner, Peterson, Miranda & Williamson signed an eight-year, $3.75 mil lease for 11k sf ($3.55/sf/mo) of space at Nobel Executive Center, a six-story, 115.6k sf Class A office b...
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• Capital Markets Expected to Rebound
6/30/08
Cushman & Wakefield’s San Diego Real Estate Finance Group has put together a review of the current state of the capital markets, which suggests that things will rebound. They say, however, regaining confidence in the market i...
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