The final piece to a 2.1 million square-foot Murphy Development Co. business park in Otay Mesa is falling into place with construction of a 79,050 square-foot building at 8500 Kerns St.
Leasing activity by life science companies finished strong in several San Diego submarkets for the first quarter of 2018, led by small- and midsize companies expanding or relocating to San Diego, according to a report from the commercial brokerage firm JLL.
The investment pushed its Series A round, which was led by Revolution Ventures, to about $8 million.
Co-working companies are gobbling up office space in San Diego County, accounting for an ever-increasing share of the market.
Looming layoffs of 1,231 workers from Qualcomm’s San Diego operations are leading the company to vacate or sublease about 222,000 square feet of space in five buildings over the next several months in a move likely to shake up the commercial real estate market around the chipmakers’ Sorrento Mesa headquarters.
San Diego’s stock of affordable housing for older residents got an ever-so-slight boost in April with the opening of a 75-apartment complex in North Park and the construction of a 62-apartment complex in Ramona.