San Diego News

Thu, Jan 31, 2013

One of the biggest reasons people watch the Super Bowl is for the zany, over-the-top commercials shown during the broadcast.

The final day of events at the 2013 Distributech Conference & Exhibition capped three days of roundtable discussions, speaker panels and exhibits sharing the latest in advanced technology available to utilities. Effective adapatation to distributed generation of solar power wasn't left out of the discussion.

Adm. Jonathan Greenert, chief of naval operations, outlined some of the changes on board for San Diego should budgetary constraints reach their peak.

San Diego City Councilmembers Todd Gloria, Lorie Zapf and Kevin Faulconer joined forces with the San Diego Chapter of the California Restaurant Association at the OB Noodle House Thursday to aid in the creation of sidewalk cafes.

The Federal Housing Administration announced Wednesday it is consolidating its Home Equity Conversion Mortgage (HECM) Standard and the HECM Saver initial mortgage insurance premium (MIP) and maximum principal limit factors for fixed interest rate mortgages.

Qualcomm Inc., the largest seller of semiconductors for mobile phones, gave a second-quarter sales and profit forecast that exceeded analysts’ estimates, helped by strong sales of smartphones that run on its technology.

Entrepreneurs need to create a blueprint of their vision for the company so others can work to make it happen, said Cameron Herold, founder of BackPocket COO and former chief operating officer of 1-800-Got-Junk?

Fresh out of the University of Colorado in 1984 with a bachelor's degree in finance and real estate and without any job prospects, David Santistevan sought the advice of a close friend.

The history of San Diego isn't contained solely in books or museums. In fact, an interesting lesson in one aspect of San Diego history -- its commercial real estate -- can be gleaned merely by driving through the city's sub-markets of Kearny Mesa, Miramar and Sorrento Mesa. And, if you ask Tim Hoag, a senior director of commercial investment property sales in the Golden Triangle office of Cushman & Wakefield, its bright future can be seen in Poway, Rancho Bernardo and along the Interstate 15 corridor.

With more than two decades of experience, Steve Bollert is hardly a newbie when it comes to commercial real estate. But he is the “new B” at BCL Inc., a 16-year-old company that owns and manages 1.2 million square feet of commercial space throughout Southern California and Arizona.

The San Diego Law Library Foundation will host the Bernard E. Witkin Award Ceremony March 7 at the Admiral Kidd Catering and Conference Center.

ESET, a San Diego-based digital security firm, announced it has launched the next generation of security products for the Mac OS X platform called ESET Cyber Security Pro and ESET Cyber Security.

EarthRisk Technologies, a weather risk research firm, has established new headquarters in downtown San Diego to accomodate its growth.

The Horton Plaza Park, which was one of several projects stalled because of the end of redevelopment agencies and the monies that flowed to them, is now back on track.

The residents of the De Anza Harbor Resort continue to battle in court for the right to remain in their spaces -- almost a decade after the master lease expired on the property, which is on Mission Bay.

San Diego metro’s foreclosure activity was down 23.59 percent in 2012 from 2011, according to RealtyTrac’s 2012 Year-End Metropolitan Foreclosure Market Report.

The developer of the 201-unit Broadstone Little Italy project has two more apartment projects in the works -- one in Kearny Mesa and another in the Bankers Hill area of San Diego.

The Sperry Van Ness business model is based on proactive cooperation with a philosophy of “maximum competition equals maximum value.” The ethic of cooperation begins at our San Diego office and extends throughout the 156-office 830-agent Sperry Van Ness International franchise network and to 60,000 unaffiliated agents nationwide.

Let’s assume you need a loan to purchase commercial real estate. Sometimes it’s better to rent instead of buy, but that is a wholly different issue (one I covered in an earlier article; if you missed it, just email me).

Kilroy Realty Corporation has successfully operated in the vibrant West Coast commercial real estate markets for more than 65 years. Their success comes from continually improving their real estate enterprise to meet the changing needs of the most dynamic companies in the world.

San Diego is a great case study in how innovation and commercial real estate intersect. Thousands of real estate pros will descend on our city in May for the annual Urban Land Institute Spring Conference to get a close-up look at the innovative approach San Diego has taken to planning and development. Entitled “Innovate Real Estate,” the three-day conference will run May 15-17 and feature local and national speakers on a wide range of topics centered around the theme of innovation.

If your world is commercial real estate, your business is here. Join BOMA International in San Diego June 23–25, 2013, for the three most important business-and-career-building days of the year at the 2013 Every Building Conference & Expo.

NAIOP San Diego, the commercial real estate development association, will take its seven-year philanthropic relationship with the 1st Marine Special Operations Battalion based out of Camp Pendleton to a new level this year. The association is throwing a Suitcase Party, with proceeds going to the Marines Special Operations Command (MARSOC) Foundation.

Commercial real estate was not immune from the prolonged economic downturn that began in 2008, and over the last five years many commercial real estate practitioners retired, went into another profession, or lived on credit and savings in order to survive.

In this day and age, we cannot afford to remain stagnant as the work environment and growth and technology continue on a fast-paced course around you, especially when it comes to managing commercial real estate. Understanding the needs of institutional and private equity investors, along with office, industrial and retail tenants, is challenging in the best economical market and even more challenging near the edge of a “fiscal cliff.”

When Commercial Real Estate Women (CREW) San Diego was formed in 1983, the organization fulfilled the need of bringing women together to advance their roles in the industry. Now celebrating its 30th anniversary, CREW is still a great way for women -- and men -- in the commercial real estate industry to gain knowledge and support.

Commercial Real Estate Alliance of San Diego (CRASD), a leading real estate association, offers professional development opportunities to commercial real estate brokers who strive to be the best in their industry.

The mission of CRASD is to mirror on a local level the purpose of the National Association of Realtors (NAR), which is to enhance the ability and opportunity of its members to conduct their business successfully and ethically and to promote the preservation of the right to own, use and transfer real property.

January 31, 2013

Some San Diego-area REITs are acquiring other REITs, while others continue to acquire assets from all over the country.

While rents for office, industrial and retail properties are improving in some San Diego submarkets, they have a long way to go before returning to 2007 levels.

The $39 million investment in 13.5 acres in Torrey Hills and expected further investments in construction lends credence and confidence in San Diego as one of the nation's top apartment markets.

Craig Stewart, Bill Anderson
ACRE Investment Real Estate Services
Royal Oaks, 650 Woodward Street, San Marcos
89,676 square feet and 122 units
Total consideration: $16.85 million

Kevin Mulhern, Dixie Hall, Rachel Parsons and Tyler Anderson
Four properties in four counties, including Las Flores at 7039 Charmant Drive, La Jolla
Four properties totaling 820 units
Total consideration: $169 million

Tom Martinez, Evan Knudson and Brian Klepacki (tenant brokers); Rich Kwasny, Shane Harmon (landlord brokers)
Siempre Viva Business Park, 9043 Siempre Viva Road, San Diego
257,972 square feet
Total consideration: $4.5 million

Bryce Aberg, SIOR, Brant Aberg
Cassidy Turley San Diego
9115 Activity Road, San Diego
85,180 square feet
Total consideration: $10.1 million

Bo Gibbons, Ken Robak, Brian Crepeau and Robert Phillips; Pete Bethea, Kipp Gstettenbauer
Pacific Coast Commercial, Cushman & Wakefield
Glasshouse Square, 3146-3156 Sports Arena Blvd., San Diego
101,818 square feet
Total consideration: $24 million

Don Curtis, Greg Brown
Encinitas Village, 105-133 North Camino Real, Encinitas
183,675 square feet
Total consideration: $43 million loan price

Chuck Klein, Kevin Held
Cassidy Turley San Diego
Encinitas Village Square I, 1446-1486 Encinitas Blvd., Encinitas
25,810 square feet on 112,385 square feet of land
Total consideration: $9.25 million

Phil Voorhees, Reg Kobzi, Joel Wilson
Bonita Centre, 4364-4450 Bonita Road, Bonita
98,854 square feet
Total consideration: $30.55 million

Brandon Keith, Tracy Clark
Voit Real Estate Services
900 Hitachi Way, Chula Vista
87,000 square feet
Total consideration: $11.85 million

Tom van Betten
Cassidy Turley San Diego
Qualcomm Inc.
5355 & 5375 Mira Sorrento Place, San Diego
119, 381 square feet
Total consideration: Confidential

Nick Psyllos and Ryan Gallagher; Kevin Shannon, Scott Schumacher, Ken White, Brad Black and Rob Merkin.
Lightwave Corporate Center, 9305 Lightwave Avenue, San Diego
166,892 square feet
Total Consideration: $52.5 million

Michael Hoeck, Richard Danesi and Scott Gamber (tenant representation); Eric Northbrook, Chris High (landlord)
CBRE; Cushman & Wakefield
12670 High Bluff Drive, Del Mar Heights
70,000-square-foot build-to-suit
Total consideration: Confidential

Paul Twardowski and Shawn Tobias; Russ Sande, Glenn Friedrich and Matthew Feeney
Hines; CresaPartners
La Jolla Commons, 4707 Executive Drive, La Jolla
417,000 square feet
Total consideration: $363 million

Ryan Gallagher, Michael Leggett, CJ Osbrink, Tim Wright
Sharp Health Care Facility, 10243 Genetic Center Drive, San Diego; Scripps Clinic, 15004 Innovation Drive, Rancho Bernardo
253,676 total square feet (two properties-portfolio deal)
Total Consideration: $147.5 million

Tony Russell, Phil Linton
Jones Lang LaSalle; Cassidy Turley
South Bay Corporate Center, 401 Mile of Cars, National City
198,198 square feet
Total Consideration: Sale: $16.6 million Lease: $5.2 million

Paul Braun, Chris Ross
Colliers International
4S Health Center, 16918 Dove Canyon Road, San Diego
40,000 square feet; CCare’s premises approximately 11,000 square feet
Total Consideration: Project value is approximately $18.5 million, anchor tenant transaction value is $5.1 million

Russell Ingram, Kevin Shannon, Louay Alsadek, Evan August, Kraig Kristofferson, Stacy Meronoff and Andrew Taylor
DiamondView Tower, 350 Tenth Ave., San Diego
15 stories, 305,255 square feet
Total Consideration: $121 million

Alan Scott, Tom Olson
Douglas Wilson Companies
9411 Hillside Drive, Soda Springs, Calif.
3,240 acres
Total consideration: $11.25 million

Tom Olson
Douglas Wilson Companies
Two quarries, located in El Cajon and Lakeside
86.57 acres
Total consideration: $12.3 million

Victor Krebs, ​Rob Morgan
Colliers International
CentrePoint, 6303 El Cajon Blvd., San Diego
312 units with 4,000 square feet ground- floor commercial space
Total Consideration: $14 million

Digirad Corp. announced it received FDA clearance to further expand the clinical flexibility of the ergo Imaging System, and Jack In The Box Inc.announced the introduction of the Hot Mess Burger at its restaurants, according to company announcements, SEC filings and Bloomberg News.

The following "Local Notes" appeared in The Daily Transcript's Feb. 1, 1913 issue:
The Playground basketball team, which defeated the Escondido high school team in that city yesterday, is now in line for second place in the final line-up of the teams of the San Diego County league, La Jolla having won enough to be assured of the championship.

Construction is under way on Watermark by Pardee Homes, a neighborhood of 87 new luxury homes in the Pacific Highlands Ranch master plan.

(AP) -- An obsolete and unsightly power plant on the shore of San Diego Bay will be imploded this weekend.

Thu, Jan 31, 2013

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Last Updated 10/22/2015


Flatley, Jay T, CEO, Sold
No. of Shares: 10,000
Date Filed: 10/15/2015


Coughlin, Timothy P, CFO, Sold
No. of Shares: 25,000
Date Filed: 10/16/2015


Balo, Andrew K, O, Sold
No. of Shares: 4,538
Date Filed: 10/20/2015

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