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CoStar's People of Note (May 1-7)This week's People of Note includes the following markets: Atlanta, Boston, Cleveland/Northern Ohio, Los Angeles, New York City, Portland, San Francisco and Washington, DC.WASHINGTON, DCTranswestern Hires President of Mid-Atlantic RegionEric Mockler joined Transwestern as president of its mid-Atlantic region. The 20-year commercial real estate industry veteran fill oversee strategy, recruitment, [...]
In The Pipeline: Construction and Development News for May 1 - 7In The Pipeline is a column on significant land sales, transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new project — and sign up to be added to our distribution list [...]
Primrose Park Apartments Trade for $131 PSFPrimrose Properties sold the 17,924-square-foot, multi-family property located at 2240 - 2260 Primrose Ave. in Vista, CA for $2.35 million, or approximately $131 per square foot.The 22 unit, one-bedroom apartment complex was purchased by North County Solutions for Change, and will be used to provide affordable housing for families [...]
Vista Villa Apartments Sell For $6.4MPrivate investors, George and Tammy Jo Richey, purchased the 56-unit Vista Villa apartments from Grande Vista Apartments LP for $6.4 million, or about $114,000 per unit. The apartments are located at 939-953 Postal Wat in Vista, CA.The property was constructed in 1988, and sits on 2.26 acres.Chris Zorbas and Jeffrey [...]
Real Money: Corporate FinancingsFelCor Lodging Trust Inc. in Irving, TX, sold $525 million senior secured notes. The senior secured notes will bear an interest rate of 6.75% and mature in 2019. The proceeds of the offering will be placed in escrow, when the transaction settles, on May 10, 2011, until the pending acquisition of Royalton [...]
Real Money: Corporate FinancingsFelCor Lodging Trust Inc. in Irving, TX, sold $525 million senior secured notes. The senior secured notes will bear an interest rate of 6.75% and mature in 2019. The proceeds of the offering will be placed in escrow, when the transaction settles, on May 10, 2011, until the pending acquisition of Royalton [...]
7925 Girard Ave Trades for $464 PSFJack Bostwick sold the 5,600-square-foot retail building located at 7925 Girard Ave. in La Jolla, CA to KTR Family LLC for $2.6 million, or approximately $464 per square foot.Built in 1955, this building sits on a 6,159-square-foot lot. The retail space was completely vacant at time of sale. The [...]
7925 Girard Ave Trades for $464 PSFJack Bostwick sold the 5,600-square-foot retail building located at 7925 Girard Ave. in La Jolla, CA to KTR Family LLC for $2.6 million, or approximately $464 per square foot.Built in 1955, this building sits on a 6,159-square-foot lot. The retail space was completely vacant at time of sale. The [...]
El Fuerte Business Park, Carlsbad Oaks Commerce Centre Trade For $11.9MPeregrine Realty Partners, taking title as El Fuerte Business Park Investors LP, acquired the El Fuerte Business Park located at 2788-2796 Loker Ave., and the Carlsbad Oaks Commerce Centre at 5931-5933 Sea Lion Place in Carlsbad, CA for $11.9 million, or $94 per square foot.The [...]
El Fuerte Business Park, Carlsbad Oaks Commerce Centre Trade For $11.9MPeregrine Realty Partners, taking title as El Fuerte Business Park Investors LP, acquired the El Fuerte Business Park located at 2788-2796 Loker Ave., and the Carlsbad Oaks Commerce Centre at 5931-5933 Sea Lion Place in Carlsbad, CA for $11.9 million, or $94 per square foot.The [...]
Oceanside Office Condos Sell for $2MTwo units at 3601 Vista Way in Oceanside, CA sold for $2,029,000 in an all-cash transaction. McMahon Development Group LLC sold units 101 and 102 to Cal-Sorrento, Ltd. The units are 100 percent leased to Imaging Healthcare Specialists until 2020.Units 101 and 102 measure 2,505 square feet and 3,222 [...]
Mountain View Apartments Trade for $7.4M46 East 57th Street LLC purchased the 54,855-square-foot multifamily property located at 1370 Calle Jules in Vista, CA for $7.35 million, or about $114,800 per unit.Known as Mountain View Apartments, the property totals 64 units and was built in two phases in 1975 and 1986. The complex consists of 22 [...]
Oceanside Office Condos Sell for $2MTwo units at 3601 Vista Way in Oceanside, CA sold for $2,029,000 in an all-cash transaction. McMahon Development Group LLC sold units 101 and 102 to Cal-Sorrento, Ltd. The units are 100 percent leased to Imaging Healthcare Specialists until 2020.Units 101 and 102 measure 2,505 square feet and 3,222 [...]
Oceanside Office Condos Sell for $2MTwo units at 3601 Vista Way in Oceanside, CA sold for $2,029,000 in an all-cash transaction. McMahon Development Group LLC sold units 101 and 102 to Cal-Sorrento, Ltd. The units are 100 percent leased to Imaging Healthcare Specialists until 2020.Units 101 and 102 measure 2,505 square feet and 3,222 [...]
4755 Nexus Centre Dr Trades for $7.4MArden Realty LP sold the 45,697-square-foot office building located at 4755 Nexus Centre Drive in San Diego to ARE-SD Region No 33 LLC for $7.4 million, or approximately $162 per square foot. At time of sale the building was in cold shell condition and 100 percent vacant.Built in [...]
Primrose Park Apartments Trade for $131 PSFPrimrose Properties sold the 17,924-square-foot, multi-family property located at 2240 - 2260 Primrose Ave. in Vista, CA for $2.35 million, or approximately $131 per square foot.The 22 unit, one-bedroom apartment complex was purchased by North County Solutions for Change, and will be used to provide affordable housing for families [...]
In The Pipeline: Construction and Development News for April 24-30In The Pipeline is a column on significant land sales, transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new project — and sign up to be added to our distribution list to receive [...]
CoStar's People of Note (April 17-23)This week's People of Note includes the following markets: Atlanta, Dallas/Fort Worth, Houston, Los Angeles, National, New York City, San Francisco, South Florida and Washington, DC.SAN FRANCISCO, NATIONALTop Economist Joins CBRE as Head of Americas Research, Senior Managing Dir.CB Richard Ellis Group named Asieh Mansour, PhD, as head of Americas [...]
CoStar's People of Note (April 9-16)This week's People of Note includes the following markets: Atlanta, Dallas/Fort Worth, Indianapolis, Los Angeles, National, New York City, Northern New Jersey, Retail, Tampa/St. Petersburg and Washington, DC.NATIONAL, RETAILColliers Recruits Keschl to Lead National RetailBy Justin SumnerContinuing to expand its U.S. platform, Colliers International has hired Mark Keschl as national [...]
Industrial Building in San Marcos Sells For $1.5MPiercan USA, Inc. purchased the 19,770-square-foot industrial building located at 160 Bosstick Blvd. in San Marcos for $1,502,750, or $76 per square foot.Built in 1988, the building is situated on 1.5 acres. Piercan USA specializes in the manufacturing of dry box and isolator box gloves, as well [...]
CoStar's People of Note (April 9-16)This week's People of Note includes the following markets: Atlanta, Dallas/Fort Worth, Indianapolis, Los Angeles, National, New York City, Northern New Jersey, Retail, Tampa/St. Petersburg and Washington, DC.NATIONAL, RETAILColliers Recruits Keschl to Lead National RetailBy Justin SumnerContinuing to expand its U.S. platform, Colliers International has hired Mark Keschl as national [...]
CoStar's People of Note (April 17-23)This week's People of Note includes the following markets: Atlanta, Dallas/Fort Worth, Houston, Los Angeles, National, New York City, San Francisco, South Florida and Washington, DC.SAN FRANCISCO, NATIONALTop Economist Joins CBRE as Head of Americas Research, Senior Managing Dir.CB Richard Ellis Group named Asieh Mansour, PhD, as head of Americas [...]
Callaway Golf Sells 3-Bldg Portfolio for $18.5MCallaway Golf Company sold three industrial properties in Carlsbad, CA to LBA Riv-Company VI LLC for $18.5 million.The deal totals 242,917 square feet and includes 5828 Pascal Court, 5960 Pascal Court, and 2285 Rutherford Road. The industrial property on Rutherford was constructed in 1991 and measures 127,297 square [...]
Mission Valley Office Sold for $1.4MThe Neighborhood Market Association, Inc. purchased the 10,612-square-foot office building at 7050 Friars Rd. from local private investors. The property, located in Mission Valley, California, sold for $1.4 million or about $132 per square foot. The office was constructed in 1980.The buyer will take occupancy of the vacant property, [...]
4755 Nexus Centre Dr Trades for $7.4MArden Realty LP sold the 45,697-square-foot office building located at 4755 Nexus Centre Drive in San Diego to ARE-SD Region No 33 LLC for $7.4 million, or approximately $162 per square foot. At time of sale the building was in cold shell condition and 100 percent vacant.Built in [...]
Chula Vista Multifamily Sells for $4.9MMark Covarrubias with Cova Management, Inc. bought the Le Chateau Apartments from The Mar Group LLC for $4,852,558, or about $95,000 per unit. The 51-unit apartment building is located at 222 G Street in Chula Vista, CAThe apartments are being run as a senior complex, featuring 40 one-bedroom and [...]
7925 Girard Ave Trades for $464 PSFJack Bostwick sold the 5,600-square-foot retail building located at 7925 Girard Ave. in La Jolla, CA to KTR Family LLC for $2.6 million, or approximately $464 per square foot.Built in 1955, this building sits on a 6,159-square-foot lot. The retail space was completely vacant at time of sale. The [...]
Industrial Building in San Marcos Sells For $1.5MPiercan USA, Inc. purchased the 19,770-square-foot industrial building located at 160 Bosstick Blvd. in San Marcos for $1,502,750, or $76 per square foot.Built in 1988, the building is situated on 1.5 acres. Piercan USA specializes in the manufacturing of dry box and isolator box gloves, as well [...]
Chula Vista Multifamily Sells for $4.9MMark Covarrubias with Cova Management, Inc. bought the Le Chateau Apartments from The Mar Group LLC for $4,852,558, or about $95,000 per unit. The 51-unit apartment building is located at 222 G Street in Chula Vista, CAThe apartments are being run as a senior complex, featuring 40 one-bedroom and [...]
CoStar's People of Note (April 9-16)This week's People of Note includes the following markets: Atlanta, Dallas/Fort Worth, Indianapolis, Los Angeles, National, New York City, Northern New Jersey, Retail, Tampa/St. Petersburg and Washington, DC.NATIONAL, RETAILColliers Recruits Keschl to Lead National RetailBy Justin SumnerContinuing to expand its U.S. platform, Colliers International has hired Mark Keschl as national [...]
Menon Signs Deal For 32K SF SpaceMenon & Associates, an R&D/consulting firm in the applied science and technology field, signed a deal to occupy a 31,630-square-foot space at 16550 W. Bernardo Drive in San Diego, CA. The tenant will occupy the space at Bldg 5 at the Summit Rancho Bernardo for the next two years.Completed [...]
In The Pipeline: Construction and Development News for April 10-16In The Pipeline is a column on significant land sales, transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new project — and sign up to be added to our distribution list to receive [...]
GSA Signs Two Deals in Ocean Ranch PlazaThe U.S. General Services Administration has agreed to a 15-year lease for 7,925 square feet of medical office space at 3609 Ocean Ranch Blvd. in Oceanside. The deal has a total consideration of $1,387,370. In a separate transaction, the GSA signed another lease deal fro 2,613 square [...]
Chase Chases California GrowthChase plans to open 100 new branches and add more than 1,500 jobs in California this year. The new branches will extend Chase's network to more than 900 bank branches and more than 3,000 ATMs across California.The total represents nearly half of Chase's new branch plans in 2011. It also plans to [...]
Allie's Party Equipment Buys San Marcos Building For $1MAllie's Party Equipment Rental, taking title as GenMyk, LLC, purchased the 10,360-square-foot industrial building located at 140 Vallecitos De Oro in San Marcos, CA.Built in 1971, this building is situated on three acres. The buyer also occupies the adjacent building at 130 Vallecitos De Oro, and [...]
In The Pipeline: Construction and Development News for March 13 - 19In The Pipeline is a column on significant land sales, transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new project — and sign up to be added to our distribution list [...]
January 2011 Commercial Repeat Sales Analysis Now AvailableCoStar released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) last week. Click on the link under "Latest Press Release" for the full analysis.CoStar developed the CoStar Commercial Repeat-Sale Indices to provide a comprehensive set of benchmarks [...]
24 Hour Fitness Trades for $5.85M in VistaWestern Skies Blue River Associates LLC sold the leasehold interest in the 24 Hour Fitness property at 324 Sycamore Ave. in Vista, CA to Giavista Investment LLC for $5.85 million.The sale also included the fee-simple interest in a 0.74-acre parking lot immediately to the south of the 24 [...]
Lease Up: Peabody Energy Signs 215,362-SF Lease for Corporate HQ in St. Louis CBDPeabody Energy committed to occupy 215,362-square feet at 701 Market Street in downtown St. Louis, signing a 15-year lease renewal and expansion. Under terms of the agreement, Peabody will occupy approximately half of the 409,920-square-foot, 15-story office building. Formerly known as Gateway [...]
Colliers Appoints Dahlstrom Head of Investment Services GroupTwenty-five year commercial real estate industry veteran Warren Dahlstrom joined Colliers International’s Investment Services Group as president. He will oversee ISG’s U.S. platform while based in Washington, DC.He also will be responsible for growing the organization through key hires of top-tier brokers and other professionals.Dahlstrom is an investment [...]
Green: It's Not Just For Camouflage AnymoreThe Wounded Warrior Barracks, located at Marine Corps Base Camp Pendleton in California, has received LEED Platinum Certification from the U.S. Green Building Council (USGBC).Design-builder Barnhart Balfour Beatty completed the project under direction of Naval Facilities Engineering Command Southwest (NAVFAC SW). It is the first Marine Corps' project [...]
Hines Antarctica JV Left in the Cold as California Cancels Plans To Sell it 11 BldgsIn a move that he hopes will save taxpayers $6 billion dollars over the next 35 years, California Governor Jerry Brown called off the previous administration's "short-sighted" proposal to sell and leaseback 11 state properties.California had approved the sale and [...]
300 S Pierce St Trades for $127 PSFKarmike Estates LLC sold the 13,176-square-foot office building at 300 S. Pierce St. in El Cajon, CA to Dr. Suhall Zavaro for $1.675 million, or $127 per square foot.Built in 1981, the property sits on one acre in the East County submarket of San Diego. The buyer [...]
Vista Manufacturing Bldg Sells For $1.4 MillionJeanne Simmons of Jeanne Simmons Accessories purchased 1209 Activity Dr. in Vista, CA from City National Bank for $1.4 million, or just over $98 per square foot.The 14,225-square-foot manufacturing building was built in 2004 and features 4,800 square feet of office space, two loading docks, three grade level doors [...]
Ives Joins Cushman & Wakefield's Healthcare Practice GroupTravis Ives was appointed senior associate in Cushman & Wakefield's Healthcare Practice Group. In his new role, Ives will provide tenant representation, agency leasing and investment sales services with a focus on properties serving the healthcare industry among the more than 9 million square feet of medical office [...]
Lease Up: Two Int'l, One Calif. Firm Establishing New Ops in South CarolinaSouth Carolina has had three big tenant wins in the past week:AQT Solar, a leading developer of low-cost thin-film solar cells selected Richland County.Au'some LLC, a Hong Kong-based candy company, will establish its new candy production facility in Sumter County; andOdfjell Holdings (US) [...]
CoStar’s Top News Stories for San Diego in 2010Each week, CoStar's Research Analysts and News Team uncover the latest deals and major leases, building sales, new construction and deliveries, new hires and promotions — the important changes you need to know about in your market — and report the news on our web site and [...]
Active Network Expands to 101,000 SFThe Active Network, a software and online media company, renewed and expanded its space at 10182 Telesis Court in San Diego. Active Network renewed 80,186 square feet and is expanding into an additional 21,260 square feet in the fifth floor. The tenant will occupy the first thru thirdrd floors, as [...]
CoStar's People of Note (Dec. 5-11)This week's People of Note includes the following markets: Atlanta, Indianapolis, Inland Empire, Los Angeles, New York City and Northern New Jersey.LOS ANGELESYounan Taps Zack as VP of Capital MarketsYounan Properties’ Gregory Zack was appointed to a newly-created position in Los Angeles–vice president of capital markets.The 40-year professional has a [...]
Single-Tenant Oceanside Retail Sold for $1MA private investor purchased the 1,815-square-foot retail building located at 1444 Mission Ave. in Oceanside from MJK Real Estate Holding Co. for $1 million, or about $555 per square foot. The capitalization rate was reported as 6.43 percent. The buyer…Joshua Ohl
Northrop Grumman Grabs Space at The PointNorthrop Grumman leased [...]
Fernando Landa Joins TrigildFernando R. Landa was named general counsel for Trigild, a San Diego-based distressed property management, receivership, and loan recovery specialist. In this newly created position, Landa will develop and negotiate commercial contracts and leases, serve…Justin Maschmeyer
Sonic Investments LLC Sells Clock Tower PlazaA private investor purchased the multi-tenant retail building at [...]
Fernando Landa Joins TrigildFernando R. Landa was named general counsel for Trigild, a San Diego-based distressed property management, receivership, and loan recovery specialist. In this newly created position, Landa will develop and negotiate commercial contracts and leases, serve…Justin Maschmeyer
CoStar's People of Note (Nov. 14-20)This week's People of Note includes the following markets: Atlanta, [...]
Green Building Benchmark: 1 Billion Square Feet of Commercial Property Certified by USGBCThe U.S. Green Building Council (USGBC) announced the major milestone of certifying more than one billion square feet of commercial real estate through its LEED Green Building Rating System. It also reported that another six billion square feet of projects…Tim Trainor
Costco Purchases [...]
Raintree Parnters Acquires Two Muli-Family Communities For $65MRaintree Partners acquired both the Canyon Hills Apartments, located at 9806-9830 Mercy Rd in San Diego, and the Flower Fields Apartments, at 2666 Flower Fields Way in Carlsbad, CA, in two separate transactions for a total of $65 million.Raintree…Dean Buenaventura
In The Pipeline: CoStar Development and Construction News [...]
In The Pipeline: CoStar Development and Construction News for Nov. 14-20In this week's edition of In The Pipeline, Facebook has become the latest company to build a data center in North Carolina, breaking ground Nov. 10 on a $450 million facility; developers and city officials have started construction of the 1,175-room…Randyl Drummer
CoStar's People [...]