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• San Diego Commercial Real Estate Industry Struggling with Rest of Country
1/22/09
San Diego, long one of the most desirable markets in the United States, has struggled along with most of the country during this economic downturn. As we begin a new year, San Diego faces some significant challenges, which in...
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• Poway Facility is Leased and Sold in $21 Mil Worth of Deals
1/20/09
A 133.1k sf manufacturing/industrial building in Poway was purchased by DEI LLC for $15 mil ($113/sf). The facility, which sits on 2.59 acres at 12400 Stowe Dr, north of Scripps Poway Pkwy and east of Pomerado Rd, was sold by...
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• San Diego Office Property Sells for $246/sf
1/16/09
In a recent San Diego-area sale which suggests that quality, well-located buildings are still in demand despite overall slower investment activity, a 26.8k sf office building in the city’s Morena area traded hands in a transa...
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• Latest Kaiser Check-Up Calls for 31k sf of Space in Rancho Bernardo
1/15/09
While many industries may be contracting these days, the health care business seems pretty much unaffected by the slowing economy. Kaiser Permanente, the largest non-profit health plan provider in the United States, just inke...
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• Challenged Athletes are Winners at San Diego Office Sale Auction
1/09/09
In San Diego’s Sorrento Mesa area, Challenged Athletes Foundation purchased a 14.5k sf office building at 9591 Waples, south of Mira Mesa Blvd and west of Camino Santa Fe, for $1.66 mil ($114/sf). The two-story, Class B build...
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• Upscale San Diego Multifamily Asset Fetches $410k/Unit
1/07/09
Conrad Prebys Trust, out of San Diego, paid $10.25 mil ($410k/unit) for Trilogy on 5th, a bank-owned, 25-unit multifamily community situated adjacent to Balboa Park in San Diego. Built in 2008, the upscale apartment complex ...
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• Essex Trust Closes $20 Mil El Cajon Apartment Sale
12/31/08
Essex Property Trust closed on a $19.75 mil sale of Coral Gardens, a 200-unit ($98.8k/unit) apartment complex in El Cajon. The property is located at 425 East Bradley Ave, north of I-8 and east of the Hwy 67. It is comprised ...
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• Construction Notes
12/29/08
Prevost Construction has completed a $950k customized tenant improvement project for a new state-of-the-art fitness facility in Carlsbad for Fuse Fitness. The building is located at 2502 El Camino Real, near Plaza Camino Real...
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• Sunroad Takes Swing at San Diego’s North County with Purchase of Callaway Golf HQ
12/23/08
Sunroad Enterprises has boosted its San Diego portfolio with the $8.65 mil purchase of a fully-improved, 67k sf ($129/sf) R&D building in Carlsbad that currently is home to Callaway Golf. The building, located immediately ad...
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• Construction Notes
12/22/08
Ledcor Construction Inc recently completed work on Windy Point Corporate Center, the future home to the sports medicine school at Saint Augustine University. The facility is located at 750 Windy Way in San Marcos’ Twin Oaks V...
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• Jitterbug Dances into 23k sf Carlsbad Office Space
12/22/08
In recent leasing activity from Carlsbad, Greatcall Inc (dba Jitterbug) inked a five-year lease for 23.4k sf of office space in the Carlsbad Corporate Center. The building is located at 1950 Camino Vida Roble, north of Paloma...
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• $18 Mil Sale Includes Majority of Units at Chula Vista Condo Project
12/19/08
In a rather unusual sale in Chula Vista, an investor picked up the majority, but not all, of the units at Terra Vista at Otay Ranch, a 168-unit condo complex located at 1441 Santa Lucia Rd, south of Otay Lakes Rd and east of ...
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• $1 Mil HVAC Upgrade Nearly Complete on San Diego Office Building
12/17/08
An ambitious retrofit project of an office building in San Diego’s University Town Centre area is nearly complete. The property, University Pacific Centre, is undergoing a $1 mil replacement and upgrade of the building’s heat...
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• Chula Vista Residents Can Enjoy a Windingwalk
12/16/08
Consumer spending may be on the decline but that doesn’t mean people don’t need new choices for obtaining their basic needs. That’s where The Marketplace at Windingwalk fits in for residents in Chula Vista. The new 104k sf ne...
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• SD 3rd Qtr Apartment Transactions Up; Units Sold Down
12/15/08
The number of San Diego County apartment sales transactions in the third quarter of 2008 was up 27.6 percent over the same quarter in 2007, according to a just released Cushman & Wakefield report. This was the first year-over...
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• Hines Becomes Cabi Driver
12/12/08
Houston-based Hines recently saw its SoCal office portfolio grow considerably, after acquiring close to 4.5 msf of assets from Cabi Developers, the US entity of Mexico’s Giesa, which had been unable to keep up on the mortgage...
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• New Carlsbad Retail Project Locks Up Pair of National Restaurant Chains
12/12/08
Leasing at Paseo Carlsbad, a 56k sf upscale retail center scheduled for completion in late 2009, got a major boost with the recent signings of two prominent restaurant chains – P.F. Chang’s China Bistro and BJ’s Restaurant Br...
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• Development of New Encinitas Medical Office Condo Project Underway
12/12/08
Quail Garden Corporate Center, a new office project currently under development in Encinitas, is scheduled for completion in the second quarter of 2009. The project, being developed by Wiegand Neglia Corporation, is expected ...
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• Jones Day Takes 55k sf at Park Place in Irvine
12/11/08
The law firm of Jones Day agreed to a lease for 55k sf at Maguire Properties’ Park Place office campus in Irvine. The firm is expected to take occupancy in the third quarter of 2009 at the 3161 Michelson building, a 19-story,...
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• Grubb & Ellis/BRE Forms New Financial Services Asset Management Practice
12/09/08
San Diego-based real estate services firm Grubb & Ellis|BRE Commercial has formed a new group, Financial Services Asset Management Practice, designed to provide advisory services and solutions for clients with challenged mort...
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