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San Diego City Council has approved a 20-year, $91.3 million lease-to-own deal, in which the city will eventually acquire the downtown San Diego office building known as Civic Center Plaza.January 27, 2015 11:21 a.m. Share
The value of San Diego County’s contracts for future construction rose 13 percent in 2014 from the prior year, topping $3.9 billion, according to the latest figures from Dodge Data & Analytics, formerly McGraw-Hill Construction.
Heitman Holdings Inc. of Anaheim is the new owner of a Carlsbad industrial building housing Oceanside Glasstile. The property at 2293 Cosmos Ct. was purchased for approximately $5.72 million, according to CoStar Group.
A buyer recorded as Los Altos XV LP of Anaheim has acquired Vista Retail Center in Vista for $7.5 million, according to CoStar Group and public data.
Alva Gardens LP of San Diego has purchased the 108-unit Alta San Marcos apartment property in San Marcos for $27 million, according to CoStar Group and public data.
An affiliate of San Diego development firm Zephyr Partners has acquired a Bankers Hill land parcel for $12.15 million, with plans to develop an upscale high-rise condominium project, according to brokerage company Colliers International, which represented the seller.
Los Angeles-based Rexford Industrial Realty Inc. has purchased a complex of five Miramar industrial buildings for $18.4 million, according to CoStar Group and public data.
The upcoming exit by the U.S. General Services Administration from a downtown San Diego office tower could be cause for at least some temporary nervousness for the building’s owners and investors.
WORKSPACE: Retrofits Growing in Popularity To Attract, Retain Tenants
Now that the economy is improving, owners of older commercial buildings in San Diego County are looking for ways to make their properties more attractive to tenants.
HOUSING: Downtown Land-Use Constraints Drive Creative Approaches
During the worst days of the recession, there was little work for San Diego architects, but that has changed in recent months, leading some firms to begin hiring in preparation for a busy year ahead.
With New Construction Sluggish, Improving Economy Leads to Absorption, Higher Rents
Health care and education not only continued to fuel much of the San Diego region’s innovation economy in 2014, but they also were the primary drivers of big new construction projects.
Westcore Properties of San Diego has purchased a ground and air industrial building on property of March Air Reserve Base near Riverside for $17 million.
HOUSING: Developers Creatively Repurpose Sites, Pursue Mixed-Use
When it comes to building apartments in a high-demand, tight-supply market, there are few infill properties in older neighborhoods that go unused in the San Diego region.
Activity MOB LLC, an affiliate of Oasis Medical Center of San Diego, has acquired a Miramar office property for $3.45 million, according to Voit Real Estate Services, which represented the seller.
Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.