SD REAL ESTATE

Los Angeles Tech Firm Signs as First Tenant at Torrey Point Office Campus

Tsunami ARVR Inc., a Los Angeles-based maker of enterprise software and other technology geared to virtual and augmented reality, has signed as the first tenant at the newly developed Torrey Point office campus in San Diego’s Carmel Valley area.

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East County Retail Building Sold for $4.82 Million

Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million, according to brokerage firm Retail Insite.

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East County Retail Building Sold for $4.82 Million

Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million.

X-Ray Machine Maker Buys San Marcos Industrial Property for $3.2M

San Marcos-based Creative Electron Inc., which makes X-ray machines, plans to occupy an industrial property there that it recently acquired for $3.2 million.

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Upgrades Were Fine Finishing Touches on Descanso Treasure

The scale of development that is happening just a few miles west of Interstate 15 out Rancho Bernardo Road is stunning. Once past the fully developed 4S Ranch community, there is a proliferation of new housing development — some sold out, some in process. In addition, there’s new shopping centers, schools and community centers nearly all the way to the borders of Rancho Santa Fe and Fairbanks Ranch.

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Logistics Companies on the Move in Otay Mesa Submarket

PROPERTY: Trends in E-Commerce, Manufacutring Drive Down Vacancy Rate

When it comes to rising industrial space demand in San Diego’s Otay Mesa region, some of the biggest movers are logistics companies focused on moving things around for their corporate customers.

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Make Room for More Furniture

Bassett Home Furnishings is the latest furniture seller to spread its footprint in the San Diego market. According to broker Shirley Kanamu of Pacific Coast Commercial, who represented local licensee Furniture & Accessory Retail Group Inc., a 12,440-square-foot Bassett retail store is planned at La Jolla Village Square, 8657 Villa La Jolla Drive. CBRE Group Inc.’s Reg Kobzi represented the center landlord in the $3.9 million lease deal.

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North County Roundup: Hotel Revamp, Retail Property Deals

San Diego’s RAR Hospitality, led by Robert Rauch, in coming months will be overseeing a $1 million “refresh” of Carlsbad by the Sea Resort, after recently obtaining the management contract for the 150-room independent, boutique-style hotel at 850 Palomar Airport Road. Rauch’s company owns or manages several hotels in Southern California, Arizona and Colorado.

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Kearny Mesa Redevelopment Could Open Door for More

San Diego has seen older office and industrial buildings “going under the knife” for cosmetic and competitive reasons for the past several years, especially in places like Sorrento Mesa, Sorrento Valley and University Towne Center.

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Hard Times Brought Out DavisREED’s Best

BUILDING: Co.’s Revenue Grew 500% to more than $284M in two years

Seven years ago, Derek Davis was watching the world’s best golfers play on perhaps the world’s most beautiful golf course on a quintessentially California summer day in Pebble Beach.

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Mixed-Use Carlsbad Property Sells for $2.7 Million

An Encinitas buyer listed as 2659 State Partners LLC has acquired a multi-tenant office and retail property in the Carlsbad Village area for $2.7 million.

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San Diego Apartments Sold for $2.91 Million

San Diego buyers Nick Totah and Ronnie Insalaco have acquired a 17-unit apartment property in the City Heights submarket for $2.91 million.

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Imperial Beach Apartment Complex Sells for $6.72 Million

NEJ Properties LLC of La Jolla has purchased a 38-unit apartment complex in Imperial Beach for $6.72 million.

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Council Vote on Permits Delays Approval of Cerullo’s Legacy Center Project

San Diego City Council has voted down zoning and related permit approvals that would have cleared the way for development of the proposed $160 million Legacy International Center in Mission Valley.

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Chula Vista Apartments Sold for $6.15 Million

San Diego-based Mar Village II LLC has acquired a 35-unit apartment property in Chula Vista for $6.15 million.

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