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• Santee Building to Become Quality Controlled After $6.5 Mil Deal
4/30/08
Three recent San Diego-area sales are worth letting you know about. The deals were in Santee, Chula Vista and Lemon Grove.
In the Santee deal, Quality Controlled Manufacturing paid $6.5 mil for a 51k sf ($127/sf) industrial ...
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• Pharmaceutical Services Company Makes an Executive Deal
4/25/08
An international pharmaceutical services group recently inked a lease for 10.8k sf of Class A office space in San Diego’s University Town Center area, after agreeing to a 10-year, $4.75 mil ($3.67/sf/mo) deal at Genesee Execu...
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• New Carlsbad Medical Office Project Nears Completion
4/24/08
One segment of the real estate industry that continues to grow is medical properties, which are expected to be needed more and more as the Baby Boomer generation moves into its senior years. One such facility nearing completi...
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• Downtown San Diego Retail Market Sees Negative Absorption for 1st Time in Eight Years
4/21/08
For the first time since downtown San Diego’s revitalization into a thriving 24/7 urban center began eight years ago, the popular central business district has recorded negative retail absorption. This review of the retail ma...
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• Pair of Recent Deals have National Importance
4/21/08
Here’s the scoop on the latest deals from National City, a town of roughly 55,000 people situated five miles southeast of San Diego. We have two deals to report – an office lease and an industrial sale.
We’ll start with the ...
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• Sorrento Mesa Center Sells for $600/sf
4/18/08
An 11.9k sf retail center in San Diego’s Sorrento Mesa area recently traded for $7.1 mil, or roughly $600/sf. The property – Sorrento Plaza Retail Center – is located at 9254 Scranton Rd, south of Mira Mesa Blvd and east of t...
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• San Diego Pro Moves
4/18/08
San Diego’s Grubb & Ellis|BRE Commercial has formed a strategic partnership with Sandra Clark, who will lead the firm’s new Project and Relocation Management group. Clark, Founder and Principal of Space Matters, a locally bas...
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• Buyers Snag Medical/Office Condos in Mission Valley
4/17/08
In today’s market, small businesses and investors can still take advantage of great values in the purchase of small office condo units, particularly while interest rates remain very low. In the San Diego area of Mission Valle...
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• Imperial Bancorp Inks $5 mil La Jolla Renewal
4/16/08
At present, the two-story building only has three available suites of 553 sf, 1k sf and 2.1k sf. The building overlooks a 20-acre open space park and Chicarita Creek, and also features on-site showers and lockers.
Jeb Bakke...
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• Acquisition Tide is High for Zuma
4/15/08
A two-building, 77k sf office project in San Diego’s Mission Valley was purchased by Zuma Corporation for $15.9 mil, or $206/sf. The property, CenterPoint Mission Valley, was built in 1982 and is located at 3110 and 3160 Cami...
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• Medical/Office Project in Vista On-Schedule for July 2008 Completion
4/14/08
Development of a new $20 mil medical office park in Vista is nearing the finish line, as construction has been topped off at Premier Crossing, a 51.8k sf project located at the corner of South Melrose Dr and Sycamore Ave. The...
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• Bixby Land Goes Cruz-in’ in San Marcos
4/09/08
An 80k sf distribution facility in San Marcos recently traded hands in a deal valued at $14.8 mil, or roughly $85/sf. The property is located at 237 Via Vera Cruz, south of the 78 Fwy and east of Las Posas Rd. The buyer was I...
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• NASSCO Sails into Voit’s Tidelands Industrial Park
4/07/08
It looks like Voit Development’s ship has come in, at least at their Tidelands Industrial Park in National City, as National Steel and Shipbuilding Company (NASSCO) agreed to a 10-year, $4 mil lease for 55k sf ($0.61/sf/mo) a...
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• Chula Vista Medical Property Sells for $251/sf
4/04/08
Pacific Doctors Park, a 35k sf medical campus located at 340 – 342 4th Ave, between the I-5 and I-805 Fwys in Chula Vista, was recently acquired for $8.8 mil ($251/sf) by Pacific Realty Advisors, a San Diego-based real estate...
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• Recent Signings Bring Del Mar Heights Office Building to 88% Leased
4/02/08
Four recent signings, totaling $3.2 mil in value, have brought High Bluff Del Mar, a three-story, 72k sf office building in San Diego’s Del Mar Heights area, to 88 percent leased. The building is located at 12555 High Bluff D...
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• San Diego Apartment Prices See Slight Decline
4/01/08
While the number of annual San Diego County apartment sales transactions has fallen to its lowest level since 1993, selling prices remain relatively strong – declining just moderately since the market correction began in 2004...
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• Rancho Bernardo Office Asset Trades for $12 Mil
4/01/08
A 51.8k sf, five-building, multi-tenant office complex in San Diego’s Rancho Bernardo area was acquired by WNM Properties LLC in a $12 mil ($232/sf) transaction. The property, Citibank Office Plaza, is located at 11818-11858 ...
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• Janez Completes Construction on Oceanside Terraces
3/31/08
Oceanside Terraces, a six-story, 113k sf mixed-use project being developed by Janez Group in the heart of Oceanside’s nine-block redevelopment district, was just completed. More than 70 percent of the combined commercial reta...
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• Hot San Diego Office Market is Slowing Down
3/28/08
2008 is expected to be a relatively flat year for the local office market in San Diego, with continuing slower net absorption and higher vacancy, according to a just-released report from the San Diego office of Cushman & Wake...
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• Two San Diego Hotels Sell in a Very Hospitable $23.8 Mil Deal
3/27/08
Two San Diego-area hotels, totaling 202 rooms, traded hands in a $23.8 mil ($117.8k/unit) transaction. The assets, a Quality Suites and a Holiday Inn Express, were purchased by JCK Hospitality LLC. The seller was Mira Mesa Ho...
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