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Cushman & Wakefield to Acquire Burnham Real Estate 12/18/07 Cushman & Wakefield, reportedly the world’s largest privately held commercial real estate services firm, has reached an agreement to acquire Burnham Real Estate, which has operated as San Diego’s largest, independent commerci...
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Medical/Office Condo Buyers in Santee can Enjoy RiverView 12/18/07 Ryan Companies just completed a six-building, 63.5k sf medical/office project, which represents phase II of RiverView at Santee, a 108-acre master-planned business park. Upon full build-out, the campus is expected to contain ...
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Kilroy has a Pardee with 23-Acre Development Site in Del Mar Heights 12/14/07 A 23-acre site in San Diego’s Del Mar Heights submarket, said to be the last developable parcel of land in the area, was acquired by Kilroy Realty Corp for $87.9 mil ($87/sf). It was sold by Pardee Homes, the LA-based home bu...
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Classy New Class A project in Rancho San Diego Nearing Completion 12/13/07 A cool, new office project with a smart, Craftsman-style design will soon be coming online in the Rancho San Diego area, near El Cajon. The project, a 43k sf Class A facility called RSD Hilton Head, will offer space for lease...
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Genesis Building Up North County Health 12/12/07 The Genesis L.A. Real Estate Fund, managed by Shamrock Capital Advisors, and San Diego-based Paladin Real Estate Group are set to break ground this month on a 25.7k sf office condominium complex in Oceanside, which will inclu...
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StarPoint Embarks on $100 Mil San Diego Apartment Investment Program 12/11/07 Now that its been a couple of years since the once-insatiable demand for apartment properties in San Diego by condo converters has pretty much disappeared, investment activity and pricing for apartments has settled down notic...
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$14 Mil Sorrento Mesa Lease is Simply Fabless 12/06/07 Entropic Communications Inc, a fabless semiconductor company, has elected to relocate its corporate HQ within Sorrento Mesa, after agreeing to a long-term lease for an entire 90k sf R&D facility at 6290 Sequence Dr, north of ...
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Microbrewery Signs at San Diego’s Colonel Fletcher Building 12/05/07 Beer lovers will soon have reason to stop by the Colonel Fletcher Building in downtown San Diego now that HB Beer Company signed a lease to open a microbrewery and restaurant, called San Diego Beer Company, in the entire 6.8k...
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Mintz Levin Inks Lease for 39k sf of New Space in Torrey Hills 12/03/07 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, an AmLaw 100 law firm with offices in the US and the UK, recently boosted its presence in Southern California with the signing of a lease for 39.9k sf of space in San Diego’s Tor...
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Palomar Community College Acquires 83-Acre Fallbrook Site 11/29/07 Here’s news of a large land buy in the Fallbrook area in northern San Diego County, as Palomar Community College acquired an 83.61-acre site adjacent to the I-15 and SR-76 junction for $38.24 mil ($10.50/sf). The property wa...
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Poway is the Right Way for New Hotel Investment 11/27/07 Demand for hotels throughout Southern California continues to be very strong. In a very recent investment/development deal, Somera Capital Management LLC acquired the existing 2.9-acre Hampton Inn & Suites development in Powa...
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Vons Opens New San Diego Store per $25 Mil Lease 11/16/07 Vons has moved into its new 55.4k sf grocery store at Liberty Station Marketplace, located northwest of downtown San Diego at 2535 and 2495 Truxtun Rd, pursuant to a recent 20-year lease it signed worth about $25 mil ($1.88/s...
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Retail in Downtown San Diego Experiences Negative Absorption 11/13/07 Reversing years of positive absorption for the area, downtown San Diego’s retail market experienced 88.5k sf of negative absorption over the past year. According to a just-released report by Burnham Urban Retail Group, the in...
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Vista Seller Turns Over a New LEAFS in $28 Mil Deal 11/13/07 A 120.2k sf building at 2985 Scott St, within the Oak Ridge Corporate Centre in the city of Vista, was purchased by LEAFS Investments for $28 mil ($233/sf). The new tenant of this high-image, single-tenant manufacturing/R&D f...
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Investors Coast into Kearny Mesa Medical Office Building 11/12/07 Coast Medical Center, a 38k sf four-story multi-tenant medical office building in San Diego’s Kearny Mesa area, was acquired by an investment partnership for $8.6 mil ($226/sf). The wood frame and stucco building, located at ...
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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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