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San Diego Flex Bldg Sold for $5.4MCal-Sorrento, Ltd. acquired 15150 Avenue of Science in San Diego in an all-cash deal for $5.4 million, or approximately $135 per square foot.Completed in 1985, the 39,908-square-foot, single-story flex building is currently 82 percent leased to iProlog…Adrian Robles Wells Fargo Sells Former Bank BuildingAlpaca Properties LLC purchased the former [...]
Mariners Village Apartments Sells For $31.5MThe San Diego Housing Commission purchased the 172-unit Mariners Village Apartments located at 6847 Potomac St. in Paradise Hills San Diego, CA for $31.5 million, or $183,140 per unit.Built in 1988, this 148,488-square-foot community is situated…Dean Buenaventura Wells Fargo Sells Former Bank BuildingAlpaca Properties LLC purchased the former bank building [...]
Toyota of Poway Buys Dealership For $5.7MPinnacle Realty of California, LLC., doing business as Toyota of Poway, purchased 13611-13631 Poway Rd in Poway CA from private sellers Keith & Joanne Matson for $5.7 million, or about $223 per square foot.Built in 1980, the property is comprised…Ann O'Brien Cassidy Turley Appoints New Executive Managing Director of [...]
La Jolla Retail Bldg. Sells for $1.26MIn a deal between private parties, the retail building at 5509-5517 La Jolla Blvd. sold to an owner/user for $1.26 million, or about $223 per square foot.The property was built in 1975 and totals 5,659 square feet. The buyer will occupy the building…Catherine Vasquez Saks Closes One Store, Planning [...]
CoStar's People of Note (Oct. 10-16)This week's People of Note includes the following markets: Atlanta, Birmingham, Boston, New York City, Orlando, South Florida, Southwest Florida and Tampa/St. Petersburg.ORLANDO, SOUTH FLORIDA, SOUTHWEST FLORIDA, TAMPA/ST. PETERSBURGCBRE Names…Laurie Forbes Gimextech Company Sells Mira Mesa FacilityMail Dispatch, a courier and delivery company, acquired the distribution center located at 9710 [...]
Carlsbad Breaks Ground On Second High SchoolBarnhart Balfour Beatty has broken ground on a $104 million high school campus at a 57-acre site in Carlsbad, CA. The facility near College Boulevard and Cannon Road will be the city's second high school.Funds from voter-approved Proposition P are…Randyl Drummer In The Pipeline: CoStar Development and Construction News [...]
CoStar's People of Note (Oct. 3-9)This week's People of Note includes the following markets: Charlotte, Chicago, East Bay, Houston, New York City, Northern New Jersey, Phoenix, South Florida and St. Louis.NEW YORK CITY, NORTHERN NEW JERSEYCassidy Turley Exec David Houston Passes…Laurie Forbes Chula Vista Office Condo Sells For Over $2MLocal investors Solomon & Benjamin LLC [...]
Genesis Plaza Sold for $10MThe Muller Company of Laguna Hills, CA, sold the four-story, 57,685-square-foot Genesis Plaza office to Escondido-based NetREIT. The Kearny Mesa office is located at 4995 Murphy Canyon Road, and sold for $10 million, or approximately $173 per square foot…J. Brant Green Flash Brewing Company Leases Industrial SpaceGreen Flash Brewing Company leased [...]
San Diego Land Sells for $4.9MCentre City Development Corp. purchased the parcel of land at 1446 5th Ave. in San Diego from Dunham & Associates Investment Counsel for $4.95 million.The half-acre property is being held for the future development of low-cost housing. It was originally…Adrian Robles San Diego Multifamily Sells for $10.2MIn a deal between [...]
CoStar's Deals of Note (Sept. 19-25)LOS ANGELESKBS Completes $208M Purchase of L.A. Office TowerBy Laurie ForbesKBS Real Estate Investment Trust II closed on its acquisition of Union Bank Plaza, a 627,334-square-foot office building and retail complex in Los Angeles, from Hines…CoStar Research BioMed Closes on UTC Executive PlazaBioMed Realty Trust has closed on [...]
CoStar's Deals of Note (Sept. 19-25)LOS ANGELESKBS Completes $208M Purchase of L.A. Office TowerBy Laurie ForbesKBS Real Estate Investment Trust II closed on its acquisition of Union Bank Plaza, a 627,334-square-foot office building and retail complex in Los Angeles, from Hines…CoStar Research Pacific Charter School Acquires Office Bldgs. for $2.7MPacific View Charter School [...]
Pacific Charter School Acquires Office Bldgs. for $2.7MPacific View Charter School purchased two buildings, 3660 - 3670 Ocean Ranch Blvd. and 3672 - 3682 Ocean Ranch Blvd. in Oceanside, CA, from a private party for $2.75 million, or $100 per square foot.The office buildings total 27,450 square feet and…Catherine Vasquez Medical Office in Carlsbad Sells [...]
Pacific Charter School Acquires Office Bldgs. for $2.7MPacific View Charter School purchased two buildings, 3660 - 3670 Ocean Ranch Blvd. and 3672 - 3682 Ocean Ranch Blvd. in Oceanside, CA, from a private party for $2.75 million, or $100 per square foot.The office buildings total 27,450 square feet and…Catherine Vasquez Escondido Union High School Buys [...]
Escondido Union High School Buys Office for $3.5MThe Escodido Union High School District acquired the two-story, 25,400-square-foot office building at 220 W. Crest St. in Escondido, CA, from private investors for $3.5 million, or $138 per square foot.The school district plans to do some remodeling…J. Brant CoStar's Deals of Note (Aug. 22-28)SOUTH FLORIDASunstone Picks Up [...]
DexCom Amends & Extends HQ Lease in San DiegoDexCom has amended and extended its headquarters lease in San DiegoUnder the new terms, Kilroy Realty agreed to renew the glucose monitoring technology developer's 102,844-square-foot lease at 6340 and 6310 Sequence Drive through November 2016. DexCom…Andrew Deichler Bank Watch: Regulators Close Seven Banks with $4.4 Bil. in [...]
Lease Up (Aug. 15-21): Caterpillar, Great Dane, Amazon ExpandCoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease…Andrew Deichler CoStar's Deals of Note (Aug. [...]
CoStar's Deals of Note (Aug. 8-14)LONG ISLANDLong Island Apartment Portfolio Sells for $229.8MBy Esmerelda McKieIn the Long Island Market's largest multifamily transaction this year, Eagle Rock Management LLC acquired seven apartment communities totaling 1666 units in Carle…CoStar Research In The Pipeline: CoStar Development and Construction News for Aug. 1 - 7In this [...]
Schur Marketing & Technologies Leases Industrial Space in OceansideSchur Marketing & Technologies USA, a firm that specializes in the manufacturing of water vending machines and dispensing products, leased 18,722 square feet at 2664 Vista Pacific Drive in Oceanside, CA. Total consideration for the 62-month deal is approximately…Dean Buenaventura In The Pipeline: CoStar Development and [...]
Lease Up (Aug. 1-7): Microsoft, U.S. Cellular ExpandCoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate.In this week's issue:Microsoft adds…Andrew Deichler San Diego Flex Trades for $15.8MThe San Diego Blood Bank [...]
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & HealthfirstCoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate.In this week's issue…Andrew Deichler CoStar's Deals of Note [...]
Aqua Fill Leases Industrial Space in OceansideAqua Fill, a firm that specializes in the manufacturing of water vending machines and dispensing products, leased 18,722 square feet at 2664 Vista Pacific Drive in Oceanside, CA. Total consideration for the 62-month deal is approximately $707,000.Built…Dean Buenaventura CoStar's Deals of Note (July 18-24)SEATTLECole Acquires City Center Plaza [...]
Chula Vista Multifamily Sells for $4.4MProperty West acquired the apartment complex at 54 Woodlawn Ave. in Chula Vista, CA, for $4.35 million, or approximately $145 per square foot.Completed in 1991, the 37-unit multifamily property, known as A Point of View Apartments, measures approximately…Adrian Robles San Diego Flex Trades for $110 PSFZenfen LP sold the flex [...]
Lease Down (July 4-10): United Space Alliance Cutting Workforce by 15%CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions,…Andrew Deichler Lease Up (July 11-17): Major Renewals Reveal [...]
In The Pipeline: CoStar Development and Construction News For July 4-10In this week's edition of In The Pipeline, long-planned mixed-use projects are emerging in New York and L.A. In Lower Manhattan, The Moinian Group will open the W New York - Downtown Hotel & Residences, following three years of planning and delays in…Randyl Drummer This [...]
Lease Down (June 20-26): T-Mobile Closing LaGrange CenterCoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions…Andrew Deichler In The Pipeline: CoStar Development and Construction [...]
Lease Down (June 13-19): Game Over at Five ESPN Zone LocationsCoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions…Andrew Deichler In The Pipeline: CoStar [...]
Flex Building in Carlsbad Trades for $1.7MThe Joe Martin Foundation purchased the flex building at 3190 Lionshead Ave. in Carlsbad, CA, from Redus Properties for $1.74 million, or $105 per square foot.The 16,532-square-foot building is in the Carlsbad Raceway Business Park. The buyer plans…Cheryl Hansen Latest Update to CoStar's San Diego SubmarketsRecently, CoStar Group made [...]
CoStar's People of Note (May 23-29)This week's People of Note includes the following markets: Atlanta, Charlotte, Houston Los Angeles, New York City and RetailLOS ANGELES, RETAILChampion Targets $500M in Retail Acquisitions; Boss to Lead InitiativeChampion Real Estate Co. announced…Laurie Forbes Lease Up/Lease Down (May 30 - June 5): HP Laying Off 9,000, Hiring 6,000Editor's Note: [...]
CoStar's People of Note (May 16-22)This week's People of Note includes the following markets: Chicago, Houston, New York City and Washington, DC.CHICAGOCrisp Joins Jones Lang LaSalle as SVPFull-service property management specialist Brenda Crisp was tapped as senior vice president…Laurie Forbes In The Pipeline: CoStar Development and Construction News for May 23 - 29This week's [...]
Jones Lang LaSalle Backs Solar Power Prospects for CRE RooftopsJones Lang LaSalle said it sees opportunity in analyzing capabilities in solar power feasibility for property owners, and negotiating, installing and managing solar power installations on commercial real estate rooftops.The firm announced that it…Tim Trainor Lease Down (May 23-29): Polaris Employees: On The Way OutCoStar compiles [...]
Miramar Office Furniture Signs 3-Year Lease in San DiegoMiramar Office Furniture leased 13,432 square feet for three years at 9586 Distribution Ave. in San Diego. Total consideration for the deal is valued at $323,980.Build in 1978; the 150,000-square-foot warehouse is in the Miramar Industrial submarket…Andrew Seabourne CoStar's Deals of Note for MondayNEW YORKSL Green Closes [...]
Pacific Office Promotes Burer to EVPPacific Office Properties Trust Inc. appointed Michael Burer as executive vice president to direct property operations across the office REIT’s 4.7-million-square-foot portfolio. Burer’s duties will include leasing activities and oversight of capital…Laurie Forbes In The Pipeline: CoStar Development and Construction News for May 9 - 15This week's In The Pipeline [...]
CBRE Realty Trust Buys Time Warner Cable Bldg. in San DiegoLBA Realty sold the Time Warner Cable's regional headquarters at 10450 Pacific Center Ct. in San Diego, CA, to CB Richard Ellis Realty Trust. The sale price was not disclosed.The two-story, 134,000-square-foot flex building was built in 1985. It is…J. Brant Pacific Office Promotes Burer [...]
Maxwell Technologies Signs Lease in Panorama Corporate CenterMaxwell Technologies leased 11,864 square feet at 5271 Viewridge Court in San Diego. The ultracapacitor and microelectronics manufacturer signed a five-year lease.The 56,000-square-foot flex building was built in 1993 in the Kearny Mesa submarket…Steven Ferreira Q3-CNC Renews LeaseQ3-CNC renewed its lease for three years at 9091 Kenamar Dr. [...]
Nokia Relocating Divisional HQ to Summit Rancho BernardoNokia signed a 10-year lease for the 196,734-square-foot office building at 16620 W Bernardo Drive in San Diego. The mobile communications giant is relocating its divisional headquarters.The five-story office building was built last year in Summit…Steven Ferreira Cassidy Turley Hires Klink & VidalPaul Klink and Kim Vidal have [...]
Lease Up/Lease Down (Apr. 4-10): Former AIG Branch Relocates, CA Inc. Cuts JobsCoStar 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 Alvarado Medical [...]
CoStar's Deals of Note for WednesdayWASHINGTON, DCBooz Allen Takes 142,100 SF in DC, VABy Laurie ForbesBooz Allen Hamilton Inc. secured two office leases totaling 142,073 square feet in the Washington, DC, market.In the biggest deal, the consulting firm signed for 112,078 square…CoStar Research Hotel CMBS Defaults May Hit 30% By 2012The dismal performance of U.S. [...]
In The Pipeline: CoStar Development and Construction News for March 14-20In this week's In The Pipeline, developers will get another shot at winning the right to develop a casino at the Aqueduct Race Track in Queens, NY. CRB Realty Associates has filed a report with the state indicating its interest in developing Parkway…Randyl Drummer [...]
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 [...]