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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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• Latest Rancho Bernardo Deal is a Paradigm of Leasing Activity in the Area
6/24/08
Also in Sorrento Mesa, JGD & Associates, a San Diego-based CPA firm, signed a 93-month, $2.3 mil lease for 8k sf ($3.09/sf/mo) of office space at Sorrento Towers North, located at 5355 Mira Sorrento Pl, north of Mira Mesa Blv...
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• Rockefeller Group Awarded Development Assignment for VA Outpatient Clinic
6/23/08
Development of a new medical outpatient clinic for the Veterans Health Administration was awarded to Rockefeller Group Development Corporation (RGDC), through its regional office in Irvine. The new medical clinic, which will ...
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• Golden Gourmet Mushrooms to Grow in Oceanside after New Seven-Year Lease
6/19/08
In a recent Oceanside industrial lease comp, Golden Gourmet Mushrooms agreed to a seven-year, $950k deal for 15.2k sf ($0.74/sf/mo) of space at 4039 Calle Platino, north of Oceanside Blvd and west of College Blvd. Built in 19...
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• CBRE Capital Markets’ Portland Office Arranges $62 Mil on San Diego Center
6/18/08
The Portland office of CBRE Capital Markets was involved in a large SoCal financing transaction, as the office, in conjunction with the company’s San Diego office, arranged a $62.5 mil permanent loan on 4S Commons Town Center...
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• San Diego-Area Apartment Portfolio Sells for $31.5 Mil
6/17/08
A three-property, 211-unit portfolio of San Diego-area apartment communities recently traded hands in a $31.46 mil transaction with an average price of $149k/unit. The assets were purchased by Klingbeil Capital Management, a ...
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