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• New 333k sf Otay Mesa Project Sells for $30 Mil
11/08/07
A BlackRock-advised investor has acquired Three Piper Ranch, a two-building, 333k sf Class-A office/warehouse project in Otay Mesa for $30 mil ($90/sf). The buildings, which were developed and sold by Newport Beach-based Mast...
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• New Medical Office Project in Vista gets Underway
11/07/07
Construction of Premier Crossing, a $20 mil medical and professional office park being built at the corner of South Melrose Drive and Sycamore Ave in Vista, just got underway after a groundbreaking ceremony that included a nu...
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• Jamison Builds SD Portfolio with The Timbers
11/06/07
Jamison Services Inc, the acquisition-hungry, LA-based office owner, recently acquired The Timbers, a three-story, 47.5k sf Class A office property on 1.88 acres at 445 Marine View Ave in Solana Beach in a deal that marks the...
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• 24 Hour Fitness Works Out $11.5 Mil Lease for New Vista Facility
11/05/07
24 Hour Fitness USA Inc will be adding a new location in Vista, after signing a 15-year lease for 35k sf of space at Sycamore Terrace Shopping Center. The center, a development of Western Skies Blue River Associates, is locat...
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• Carlsbad Industrial Property Sells for $134/sf
11/02/07
Carlsbad Palomar, a 149k sf industrial property at 2858 Loker Ave East in Carlsbad, sold for $20 mil ($134/sf). The building is in Carlsbad Oaks East, part of the Carlsbad Palomar Business Center, situated just north of Palom...
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• Invesco Spends $25 Mil on Poway Project
11/01/07
Invesco Real Estate closed on a $25 mil purchase in Poway, picking up Parkway Commerce Center, a 147.9k sf ($169/sf) industrial and R&D multi-tenant project at 13651-13771 Danielson St, east of Community Rd on the north side ...
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• St. Croix Collects $17.4 Mil from Sale of Seven Buildings at Carlsbad Development
10/30/07
Seven buildings have been sold so far at Spectrum at Bressi Ranch, a new 14-building office development located at Palomar Airport Rd and Gateway Rd in Carlsbad. The purchased buildings total 66k sf in size and sold for a com...
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• Opus Sells Three Buildings at Carlsbad Development
10/24/07
Opus West sold three buildings, totaling 18.9k sf, at its recently completed Opus Point Collection, a 67k sf office development located on Lionshead Ave in Carlsbad. In these latest transactions, Peak LLC purchased a 9.8k sf ...
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• San Diego Office Market Settles Down
10/22/07
After a period of several years in which tenant demand drove rental rates to record highs, the San Diego County office market continues to settle into a more moderate pattern of activity with slower net absorption and slightl...
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• Arden Collects Cabi Fare for San Diego Office Properties
10/19/07
Cabi West Coast Acquisitions, a unit of GISCA, Mexico’s largest commercial real estate developer, recently acquired five San Diego office properties in a 58-building portfolio purchase from Arden Realty that had been previous...
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• The Irvine Company Pays $217 Mil for Regents Square
10/16/07
The Irvine Company has added to its sizable portfolio of San Diego office properties after buying Regents Square I and II, a three-building, 322k sf complex in San Diego’s University Town Center submarket, from LA-based Magui...
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• Yahoo! Optimizes Rancho Bernardo Space Search
10/15/07
Yahoo!, Inc, the giant Internet company, has signed a five-year lease for 17.3k sf of office space in The Point in Rancho Bernardo, located at 16745 West Bernardo Dr. The Point, a three-building Class A office and R&D campus ...
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• Hitachi HQ Facility in Vista Trades Hands
10/12/07
The North American headquarters of Hitachi Home Electronics (America) Inc, an 86.9k sf Class "A" R&D/flex building at 900 Hitachi Way in Vista, sold for $16.5 mil ($190/sf). The facility sits on 4.84 acres in the second phase...
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• Newport National Signs Two Tenants at Ventana Real
10/10/07
There have been two notable lease signings, totaling $7.5 mil, at Ventana Real, a Class A office project located at the intersection of Salk Ave and El Camino Real in Carlsbad. In one of the deals, Euro RSCG Direct Response L...
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• Scripps Ranch to Get New 93k sf Office Building
10/09/07
Construction is underway at Abrams Westview Plaza, a 93.4k sf Class A office building in San Diego’s Scripps Ranch area. The three-story office building, which is suited for high-image or corporate headquarters use, will offe...
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• Encinitas Biz Parks Rings up Three Additional Sales in Past Month
10/05/07
In the past month, three units closed in North Coast Business Park, a nine-building, 180k sf business campus that offers office units for sale or for lease ranging from 778 sf up to 10k sf. So far, there has been $17.5 mil of...
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• New Medical/Office Project on the Vista in San Diego County
10/03/07
Hacienda Professional Center LLC, an entity led by Marc Perlman of Marker Company Inc, will break ground in two weeks on a new 25.3k sf medical/professional office building on 1.9 acres at Hacienda and Melrose Drives in Vista...
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• SVN Equities Pays $7.3 Mil for Carlsbad Office Asset
10/01/07
There has been a number of interesting office sales comps from around San Diego County to let you know about in the $3 mil to $7 mil range. In this update, we'll take a quick look at five recent transactions from various part...
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• BioMed Signs Fine Artes Deal in Sorrento Mesa
9/27/07
In Sorrento Mesa, Halozyme Therapeutics took 48.7k sf of laboratory and research space in Sorrento Valley after agreeing to a 66-month, $8.5 mil ($2.64/sf/mo) deal. The combination sublease and direct lease is at 11388 and 11...
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• Kearny Mesa Boasts Extremely Strong Investment Market
9/18/07
Here's a current snapshot of market conditions in San Diego's Kearny Mesa submarket, courtesy of CB Richard Ellis, which recently released their Kearny Mesa Mid-Year Report 2007. The report provides a detailed market overview...
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