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• Veralliance Wrapping Up State-of-the-Art Chem Lab TI Work for Sorrento Summit Tenant
2/19/08
The first phase of tenant improvements for Helicon Therapeutics Inc’s new corporate office and research facility in Sorrento Summit are nearing completion with occupancy slated for mid-February 2008. The company, which specia...
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• Harsch Buys a Fenway Park
2/15/08
An 80.5k sf industrial building in the city of Oceanside was acquired by Portland-based Harsch Investment Properties in a $9.7 mil transaction ($120/sf). The property, Oceanside Business Center, is located at 4040 Calle Plati...
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• Art Institute Gets Creative in Mission Valley Campus Expansion
2/13/08
The Art Institute of California – San Diego is expanding its San Diego campus with a 10-year, $8.75 mil lease for a 25.6k sf ($2.85/sf/mo) building at 7675 Mission Valley Rd, adjacent to its current facility in the master-pla...
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• New San Diego Ballpark Condo Project Sure to be a Hit
2/11/08
The latest project set to break ground in downtown San Diego’s Ballpark District is The Nolen, a 13-story office condo building on a 5k sf site located next to Hotel Solamar. The building, a project of San Diego-based Davies ...
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• Investment Activity in San Diego Apartment Market Expected to Maintain Pace
2/07/08
The apartment market in San Diego is expected to continue to post modest improvement this year, supported by steady job growth, high home prices and limited new supply, according to national brokerage firm Marcus & Millichap....
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• Demand Remains Strong for Encinitas Office Condos
2/05/08
One San Diego-area commercial development that has not seen much of a slowdown in activity over the past year is the North Coast Business Park in Encinitas, where 23 office condos totaling 53.5k sf have been sold for a total ...
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• Opus Takes $7.7 Mil Pit Stop with Sale of Carlsbad Raceway Buildings
1/30/08
Two R&D/flex buildings in Carlsbad sold recently in separate transactions worth a combined $7.7 mil. The facilities are part of Opus Point Flex, a six-building project within the master-planned Carlsbad Raceway Business Park ...
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• Former Nokia Space in Scripps Ranch Being Remodeled into Multi-Tenant Suites
1/28/08
A 50k sf block of space in the Scripps Ranch area formerly occupied by Nokia is coming back on the market. The space is the full second floor at Scripps Northridge Technology Plaza, a 95.6k sf office building located at 10636...
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• GE Master Minds Escondido Buy
1/25/08
In a transaction that marks their fifth acquisition together, a joint venture between Newport Beach-based Master Development Corporation (MDC) and GE Asset Management (GEAM), the manager for General Electric Company's primary...
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• Kearny Mesa Office Building Sells for $14.6 Mil
1/23/08
A 50.5k sf office asset in San Diego’s Kearny Mesa area just sold in a transaction valued at $14.6 mil, or about $289/sf. Constructed in 1985, the building sits on a 2.58-acre lot at 9573-9577 Chesapeake Dr, north of Clairemo...
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• Pair of San Diego Brokers Earn Hazard Pay
1/21/08
While many residential properties in San Diego are just sitting on the market due to a lack of interest, here’s the latest news from a commercial property that seems to be getting a lot of attention. The building is Hazard Ce...
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• Veralliance Closes $109 Mil Del Mar Heights Acquisition
1/17/08
A large biotech campus in San Diego’s Del Mar Heights area was acquired by Veralliance Properties, through its DMH Campus Investors LLC affiliate, in a major sale/leaseback with the sale portion valued at $109 mil. The proper...
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• San Diego Pros LaChapelle and Prendergast Join Jones Lang LaSalle
1/16/08
Jones Lang LaSalle has boosted its SoCal brokerage efforts with the addition of six new executives, including top San Diego pros Lynn LaChapelle and Robert Prendergast, who come over from Burnham Real Estate Services, which w...
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• New Carlsbad Office Property Trades for $27.5 Mil
1/15/08
A new Class A office building in Carlsbad recently sold in a transaction that came in at $27.5 mil, or over $367/sf. The property is Ocean Ridge, a distinctive, three-story, 74.9k sf building on 3.79 acres of land at 4786 Arm...
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• Carlsbad Investor Turns Over a New Reef
1/14/08
A 52.3k sf renovated and re-invigorated building in Carlsbad sold for $15.25 mil ($292/sf), roughly two years after the current seller, Cruzan/Monroe, acquired the property and then transformed it from an obsolete R&D/lab bui...
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• Jamison Loads The Chamber into Its Portfolio
1/10/08
Big SoCal office landlord Jamison Properties wrapped up its second major acquisition in San Diego with the $29.25 mil purchase of The Chamber Building, a 177.7k sf ($165/sf) structure originally constructed in 1963. Located a...
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• San Diego Industrial Market Saw All-Time High Prices and Rental Rates in 2007
1/09/08
In 2007, the San Diego commercial real estate market experienced all-time high sales prices and rental rates for industrial/R&D product in all submarkets, according to just released year-end data from CB Richard Ellis. Rental...
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• San Diego Area Office Buildings Leased Up in Separate $20 Mil Deals
1/04/08
Here’s the scoop on two sizable office lease comps in San Diego from the past month. In one of the deals, Customized Services Administrators inked a 10-year, $20 mil lease for a 72.8k sf ($2.29/sf/mo) corporate HQ building at...
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• Whole Foods Takes the Whole 25k sf Anchor Space at New Encinitas Project
1/03/08
Mrs. Gooch’s Natural Foods Market has inked a $14 mil, 20-year pre-lease for 25k sf ($2.33/sf/mo) of retail space for a new Whole Foods Market at 687 S. Coast Highway 101. Whole Foods Market will anchor the 40k sf retail port...
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• Colony Realty Partners Acquires 162k sf San Diego Portfolio
12/27/07
Colony Realty Partners managed to wrap up a sizable portfolio buy before the year ended, as they paid $27.2 mil for four San Diego business parks with a combined 162.2k sf ($168/sf) of space. At the time of the sale, the prop...
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