San Diego Homes and Condos

Lease Up/Lease Down (Feb. 28 - Mar. 6): Hummer: Stalling Out for Good?CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…Andrew Deichler
Hohenstein & [...]

CoStar's Deals of Note for MondayNATIONALInland Acquires 16-Center Portfolio for $424MBy Sasha PardyOakbrook, IL-based Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies, Inc., completed the acquisition of a portfolio of 16…CoStar Research
Ocean View Corporate Center Sells for $17MEastGroup Properties Inc. acquired the 275,460-square-foot Ocean View Corporate [...]

Bank Watch: Citizens First: Squeezing and Being SqueezedIn an attempt to hang on to every penny Citizens First Bancorp Inc., the Port Huron, MI-based holding company for CF Bancorp, has voluntarily delisted its common stock from the NASDAQ stock exchange.The decision to delist is part of the company's…Mark Heschmeyer
Padres Owner Purchases Showley Brothers Candy [...]

Lease Up/Lease Down (Feb. 21-27): Largest U.S. Office Lease in Two YearsCoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…Andrew Deichler
Wal-Mart Leases 80,400 SF [...]

Ocean View Corporate Center Sells for $17MEastGroup Properties Inc. acquired the 275,460-square-foot Ocean View Corporate Center in San Diego’s Otay Mesa area from Prudential for $17 million, or $62 per square foot.Ocean View Corporate Center consists of an 89,418-square-foot distribution…Steven Ferreira
Bank Watch: Citizens First: Squeezing and Being SqueezedIn an attempt to hang on to [...]

San Diego Office Bldg. Nets $3.5MMission Federal Credit Union sold 10803 Thornmint Road in San Diego, CA, to a private investor for $3.5 million, or about $275 per square foot.The office building totals 12,760 square feet and was built in 2000. The property is part of the Thornmint…Scott Stephenson
JLL Acquires Former Colliers Team in [...]

Santee Industrial Sells for $4.1MThomas & Cheryl Cantor acquired the industrial building at 9216 Abraham Way in Santee, CA, for $4.1 million or approximately $120 per square foot, from a private trust.The 34,176-square-foot facility was built in 1988 in the Santee/Lakeside Industrial…Andrew Seabourne
Hacienda Del Mar Trades for $15.6M in REO SaleDavlyn Investments acquired Hacienda [...]

In The Pipeline: CoStar Development and Construction News for Jan. 24-30In this week's issue, we report on two more large construction projects awarded to Turner Construction for projects in Queens, NY and Atlanta, GA; San Francisco data center developer Digital Realty Trust, Inc. will team up with KDC to develop build-to…Randyl Drummer
Lease Up/Lease [...]

Two Office Buildings Trade for $1.3M in OceansideThree Heyes LLC purchased the two office buildings at 408 Cassidy St. and 1738 Tremont St. in Oceanside, CA from Cunningham Coastal LLC for $1.26 million, or about $125 per square foot.The buildings total 10,102 square feet and were constructed in…Cheryl Hansen
Cushman Taps Dieter to Lead [...]

CoStar's Retail News Roundup: January 17-30, 2010This week in the Retail Roundup, CoStar reports on expansions or new concepts at Bloomingdale's, BabuSan, Target, and Edible Arrangements; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at General Growth, Movie Gallery and…Sasha M Pardy
National City Industrial Sells for $2.5MOrtiz Corp. General Engineering acquired [...]

Lease Up/Lease Down (Jan. 17-23): Starwood Expands, Kraft and Cadbury MergeCoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…Andrew Deichler
San Diego Multifamily Sells for $2MThe 16-unit multifamily [...]

El Cajon Office Bldg. Sells for $3.6MThe 26,500-square-foot office building at 525 E. Main St. in El Cajon, CA, sold for $3.6 million, or approximately $135 per square foot, in a sale between private parties.The subject property is fully occupied by Cal-Western Reconveyance Corp. on…Steven Ferreira
Lease Up/Lease Down (Jan. 10-16): New York Rife with [...]

CoStar's People of Note (Jan. 3-9)This week's People of Note includes the following markets: Chicago, Salt Lake City, San Francisco, South Florida and Washington, DC.CHICAGOJohn Buck Hires Fmr. Head of Chicago's Olympic Bid CommitteeFormer senior city of Chicago official Lori…Laurie Forbes
Grant Thornton LLP Coming to Executive Center Del MarGrant Thornton LLP leased 10,544 square [...]

In The Pipeline: CoStar Development and Construction News for Jan. 3-9, 2010As we deliver the first issue of Pipeline in 2010, the Kansas City Wizards move forward on a new soccer stadium in Kansas City, KS; Pointsmith buys 10 acres from Situs Companies in the PrimeWest Business Park in Houston for its new headquarters [...]

Calmenson Joins NAI San DiegoNAI San Diego has hired Kevin Calmenson. He will specialize in representing retail and office tenants, owners and investors throughout San Diego.Calmenson has several years of experience in the commercial real estate industry and is a licensed broker…Dean Buenaventura
Premier Nutrition Leases Industrial Space in CarlsbadPremier Nutrition Inc. leased 19,343 square [...]

CalPERS Reviewing Consultants After Real Estate, Private Equity LossesThe investment portfolio of the California Public Employees' Retirement System (CalPERS) is showing signs of steady growth except in the areas of commercial real estate and private equity. At the same time, 2010 may prove to offer fertile opportunity…Mark Heschmeyer
Medical Office Condos Sell for $1.2MUSSA LLC, [...]

CoStar's People of Note (Dec. 6-12)This week's People of Note includes the following markets: Dallas, Denver, Los Angeles and Orange County.DALLAS/FORT WORTHTrammell Appoints New Leader in DFW Bus. UnitAdam Saphier was named head of Trammell Crow Co.’s Dallas-Fort Worth Business…Laurie Forbes
San Diego Industrial Nets $1.1MPoint Center Financial Inc. sold 455 16th St. in San [...]

United Oil Buys Gas Station in City Heights for $1.4MUnited Oil purchased the former Mobil gas station at 3927 El Cajon Blvd. for $1.38 million.Built in 1990, the service station is on nearly 35,000 square feet of land. The gas station will be owner-occupied and will re-open under the United Oil entity…Dean Buenaventura
CoStar's Deals [...]

CoStar's People of Note (Nov. 29-Dec. 5)ATLANTACB Richard Ellis Names 2 Vice ChairmenFrank Fallon and Chris Riley were promoted to the title of vice chairman in the Atlanta branch of CB Richard Ellis. As members of the investment properties institutional group, their high production levels…Laurie Forbes
Earl Scheib Bldg. Sells For $1MK & A Pacific [...]

In The Pipeline: CoStar Development and Construction News for Nov. 29-Dec. 5In this week's issue, a Virginia developer will build a $47 million regional testing lab for the U.S. Drug Enforcement Administration in Miami; a decision by New York's highest court clears the way for the $5 billion Atlantic Yards project to move forward…Randyl [...]

In The Pipeline: CoStar Development and Construction News for Nov. 29-Dec. 5In this week's issue, a Virginia developer will build a $47 million regional testing lab for the U.S. Drug Enforcement Administation in Miami; a decision by New York's highest court clears the way for the $5 billion Atlantic Yards project to move forward…Randyl [...]

CoStar's People of Note (Nov. 15-21)This week's People of Note includes the following markets: Hartford, Los Angeles, New York City and Westchester/South Connecticut.LOS ANGELESLee Opens Long Beach Branch; Names Gill Pres.Lee & Associates officially opened its office in Long Beach…Laurie Forbes
Earl Scheib Bldg. Sells For $1MK & A Pacific Properties LLC purchased 951 Broadway [...]

CoStar's People of Note (Nov. 15-21)This week's People of Note includes the following markets: Hartford, Los Angeles, New York City and Westchester/South Connecticut.LOS ANGELESLee Opens Long Beach Branch; Names Gill Pres.Lee & Associates officially opened its office in Long Beach…Laurie Forbes
CoStar's Retail News Roundup: Nov. 15-21, 2009This week in the Retail Roundup, CoStar reports [...]

In The Pipeline: CoStar Development and Construction News for Nov. 8-14In this week's issue, German pharma giant Merck has topped off its $65 million research facility in Billerica, MA; Irvine, CA-based Sares Regis breaks ground on a rare industrial project on California's Central Coast; and a group of architects plans…Randyl Drummer
Melrose [...]

Lease Up/Lease Down (Nov. 1-7): AT&T, Wachovia Renew in FloridaNews of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source…Andrew Deichler
Stone Steps Leases 13,200 SFStone [...]

In The Pipeline: CoStar Development and Construction News for Oct. 25-31In this week's issue, a joint venture will break ground in Washington, D.C.on a 362,000-square-building office building for the nation's top nuclear regulatory agency; demand for architectural design services continued to decline in September, according…Randyl Drummer
Escondido Multifamily Sells for $10.7MThe Mission Terrace Apartments at [...]

CoStar's People of Note (Oct. 18 - 24)This week's People of Note includes the following markets: Atlanta, Chicago, Cleveland/Northern Ohio, Phoenix and National.NATIONALOpus Parent Closing; CEO Steps DownAfter 56 years, Opus Corp. will shut its doors and Chairman/CEO Mark Rauenhorst…Laurie Forbes
CoStar's Retail News Roundup: Oct. 18 - 24, 2009This week in the Retail Roundup, [...]

Eloquent Auto Leases Torrey Pines Business Park Bldg.Eloquent Auto, a car detailer, leased the 12,000-square-foot flex building at 10801 Vista Sorrento Parkway in San Diego, CA. The five-year lease is valued at approximately $750,000.The light manufacturing facility was built in 1980 and is part of…Steven Ferreira
Grubb & Ellis|BRE Commercial Taps Freeman as COO, CFOJonathan [...]

Lease Up/Lease Down (Oct. 4-10) WorleyParsons Expands, GM Stays PutNews of corporate expansions, relocations, extensions, closures, layoffs and lease cancellations has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source for business…Andrew Deichler
Ligand Pharmaceutical Leases 30,000 SFLigand Pharmaceuticals Inc. executed [...]

CoStar's Deals of Note for WednesdayHOUSTONWorleyParsons Increases Presence in HoustonBy Andrew DeichlerWorleyParsons Group has expanded at Energy Center II in Houston, bringing its total occupancy to 195,781 square feet in the 12-story office building.The Australian engineering…CoStar Research
Lease Up/Lease Down (Sept. 27 - Oct. 3): Two Law Firms Relocate, Sony RenewsExpansions, Relocations & Extensions; [...]

Sunstone Stops Debt Repayments on Three Hotels; Renegotiating Other DebtSunstone Hotel Investors Inc. in San Clemente, CA, said it has quit making debt service payments associated with three of its hotels: the 256-room W San Diego Hotel, the 293-room Marriott Ontario (CA) Airport and the 341-room Renaissance Westchester (NY)…Mark Heschmeyer
In The Pipeline: CoStar Development [...]

Eastman Kodak Renews 65,800 SFEastman Kodak Co. renewed its lease for the 65,755-square-foot flex building at 16275 Technology Drive in San Diego's Rancho Bernardo Industrial submarket. The 18-month deal is valued at more than $1.3 million.The photography company fully occupies…Steven Ferreira
In The Pipeline: CoStar Development and Construction News for Sept. 20-26In this week's issue, [...]

Homeland Security Re-Ups for 45,000 SFThe General Services Administration (GSA) signed a renewal and expansion at 610 W. Ash St. in San Diego for 44,760 square feet. The Department of Homeland Security will occupy the space for five years.Delivered in 1986, the 20-story office building…Adrian Robles
Eastman Kodak Renews 65,800 SFEastman Kodak Co. renewed its [...]

Pacific Southwest Lab Leases 15,000 SFA local laboratory equipment company, Pacific Southwest Lab Equipment Inc., leased 15,000 square feet at 2453 Cades Way in Vista, CA.Built in 1988, the nearly 29,000-square-foot building is situated on 2.6 acres in the Avalon Business Center. Pacific…Dean Buenaventura
Eastman Kodak Renews 65,800 SFEastman Kodak Co. renewed its lease for [...]

Layoffs & Closures: Accenture Reducing Global Real Estate FootprintAccenture a New York-based global management consulting, technology services and outsourcing company is taking steps to reduce excess real estate capacity and to realign its workforce. These actions will result in a pre-tax restructuring charge of approximately…Mark Heschmeyer
San Marcos Office Sells for $2MHomeFed Corp. sold the [...]

The Lease Up (Aug. 23-29): Mogul Mind Studios is Unstoppable in PittsburghEditor's Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…Andrew Deichler [...]

Layoffs & Closures: Accenture Reducing Global Real Estate FootprintAccenture a New York-based global management consulting, technology services and outsourcing company is taking steps to reduce excess real estate capacity and to realign its workforce. These actions will result in a pre-tax restructuring charge of approximately…Mark Heschmeyer
LEED Certification, or Your Money BackEarning LEED certification can [...]

Engineering Union Buys Flex FacilityThe International Union of Operating Engineers, Local Union No. 12 acquired the 18,654-square-foot industrial building at 4801-4849 Viewridge Ave. in San Diego for $3.75 million, or approximately $179 per square foot.Hawkins Holdings LLC sold the…Christopher LaPage
Providence Capital Buys Carlsbad Office for $6.7MProvidence Capital Group Inc. purchased the Carlsbad Pacifica building [...]

Mansour Named Senior VP at Marcus & MillichapMarcus & Millichap promoted Alvin Mansour, one of its top retail agents nationwide, to senior vice president investments.Mansour has risen quickly through the firm's ranks. He joined Marcus & Millichap in 2003 after graduating from college and was…Steven Ferreira
Promontory Business Park Bldg. Sells for $1MA private investor [...]

Real Money: SL Green Lightens the Load on LexingtonIn this week's issue:SL Green makes two major deals on Lexington AvenuePlus we give you new property finance deals and a valuable leads list of lenders on recent acquisitionsSL Green Lightens the Load on LexingtonSL Green continues to find…Andrew Deichler
Engineering Union Buys Flex FacilityThe International [...]

ATK Leases 114,000 SF in MiramarATK, an aerospace and defense company, signed a 10-year lease for 114,000 square feet at 7130 Miramar Road in San Diego. The deal is valued at $14 million.ATK will fully occupy its new space early next year. The 360,320-square-foot industrial property…Dean Buenaventura
Real Money: Arbor Restructures $374M in Debt with [...]

CoStar's Deals of Note for WednesdayBUFFALOYahoo! Plans New Data Center in BuffaloBy Andrew DeichlerYahoo! is set to build a new data center in the Buffalo region, according a release issued by the state of New York last week.After several months of rumors, and offers from…CoStar Research
Mixed-Use Building Trades for $1.5MA private trust [...]

CoStar's Deals of Note for MondayEAST BAYBank of the West Signs 240,000-Sq-Ft Lease to Consolidate East Bay OfficesBy Randyl DrummerSan Francisco-based Bank of the West has signed a long-term lease for 240,000 square feet of office space in San Ramon, CA, where it will consolidate…CoStar Research
Glass Company Buys Escondido BuildingThe owners of Bennett Glass [...]

California Hotel Foreclosures Double in Last Three MonthsFrom Watch List reader, Alan X. Reay, founder and president of Atlas Hospitality Group in Irvine, CA, comes this astounding statistic. The number of California hotels in default or foreclosed on has jumped 125% in the last 60 days. The state now has 31…Mark Heschmeyer
Lone Star Villas [...]

Lone Star Villas Fetches $1M in SaleTexas Street Property C&G, a San Diego-based investor, purchased the Lone Star Villas at 4135 Texas Ave. in San Diego for $1.06 million, or $132,500 per unit.The property consists of eight units totaling 5,876 square feet. It was built in 1986.Rita…Micah Horowitz
Scantibodies Lab Buys El Cajon OfficeScantibodies Laboratory [...]

Foussianes Launches Mission Equities Real EstateNick Foussianes has launched Mission Equities Real Estate Inc., a San Diego-based real estate investment, management, brokerage and consulting firm.Foussianes has 22 years of industry experience with the design firm Skidmore, Owings & Merrill, Jones…Scott Stephenson
Expansions, Relocations & Extensions (June 21-27): Three Major Deals Near DC, Plus One [...]

The Green Building Review: Re-Skinning and … Matlock?The environmental group Zerofootprint on Tuesday launched its Building Re-Skinning Competition in New York, an international contest that will publicize energy efficiency measures that can be reproduced in cities worldwide. The competition is open to…Andrew C. Burr
Former Award Commercial President Joins NAI San DiegoVince Provenzano has joined [...]

IN THE PIPELINE: CoStar Development News for June 1-7In this week’s edition, an unusual pact between labor unions and construction managers is clearing the way to lower costs and kick start projects in New York City; the Dallas Cowboys are fixing to open their $1 billion-plus retractable roof stadium…Randyl Drummer
Expansions, Relocations & [...]

CoStar's Deals of Note for MondayLAS VEGASDubai World Settles Dispute with MGM Over CityCenterBy Andrew DeichlerDubai World has agreed to new terms with MGM Mirage on the construction of CityCenter in Las Vegas, dropping the lawsuit that it filed against the casino owner a month…CoStar Research
SPARTA Renews in Sorrento MesaSPARTA Inc., a strategic [...]

Expansions, Relocations & Extensions (Apr. 19-25): Target, IDS Sign Major LeasesIn this week's issue:Target inks the largest office lease in 2009 to dateIDS leases a 645,000-square-foot distribution centerUnited Heartland breaks ground on a new HQCoinstar remains in SeattleBally Technologies expands in RenoPlus, we…Andrew Deichler
IN THE PIPELINE: CoStar Development News for April 19-25In this week’s [...]

CoStar's Retail News Roundup: Apr. 19 to 25, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Rumbi Island Grill, Beauty 360, Shasa, and Burger King; new retail development news in PA and NY; acquisition, merger, loan or sale activity at Developers Diversified, Weingarten…Sasha M Pardy
GREEN LEDE | Green [...]

Condo at Carlsbad Medical Village Sells for $1MDr. Kelly Ryan Taylor and Dr. Parmis Sionit, taking title as Green Coastline LLC, purchased a medical office condo in the Carlsbad Medical Village for about $999,500, or $452 per square foot.The 2,212-square-foot medical/dental unit is at 1291 Carlsbad…Dean Buenaventura
IN THE PIPELINE: CoStar Development News for March [...]

CoStar's Retail News Roundup: Mar. 15 - 21, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Target, Costco, Sony, Comcast, Noodles & Company, Burger King, and Stage Stores; new retail development news in TX; acquisition, merger, loan or sale activity at Charlotte…Sasha M Pardy
Lease Cancellations (Mar. 1-7): BearingPoint [...]

Justin David Textiles Buys 9,500-SF Bldg.Justin David Textiles, taking title as SBDG Investments LLC, purchased a 9,510-square-foot industrial building at 4787 Cardin St. in San Diego. Hanover Investment Group sold the property for $2 million, or about $210 per square foot.The Kearny Mesa…Adrian Robles
Expansions, Relocations & Extensions (Mar. 1-7): IDT Relocating HQ to Cut [...]

RJL Wealth Management Leases 14,300 SFRaymond J. Lucia Cos. Inc., a wealth management firm, extended its original lease and expanded into an adjacent space on the Kilroy Sabre Springs campus in San Diego.The 10-year lease, valued at $4.1 million, totals 14,266 square feet at 13520 Evening…Steven Ferreira
Bank of America Takes a 35% Hit on [...]