Real Estate

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Apartment in Nestor on Satellite sold

The Clubhouse at Imperial Beach, the 134-unit apartment in the South Bay community of Nestor at 1555 Satellite Blvd., San Diego 92154, has been sold for $22.02 million.

Marcus & Millichap handle Del Sol Blvd. sale

Ben Tashakorian, first vice president of investments, and Stuart Fagan and Jessie Prentice, investment specialists in the San Diego office of Marcus & Millichap, represented the seller of the 47,000-square-foot flex industrial building in South Bay at 3055 Del Sol Blvd., San Diego, for $4.9 million. The seller was Arch Investments LLC. The transaction was reported in The Daily Transcript on Feb. 16.

Global Surf in Oceanside

The lessee and lessor in the Deal of the Week were represented by Josh McFadyen, of Colliers International.

Calif. pending home resales up in Jan.

LAW

Both sides make last pitches in Escondido Country Club case

CONSTRUCTION

Transforming neighborhoods find ways to keep identity

54th Street Apartments in Oak Park sold

900,000 homes at high fire risk in US, CoreLogic reports

Marriott buys downtown hotel for conversion

HOSPITALITY

Chatham buys Gaslamp Residence Inn for reported $90 million

Other Real Estate Headlines:

Foodie homebuyers new target for major US builders

American homebuilders have a long history of bulldozing farms to make way for new housing. Now developers are starting farms to sell homes.

Manhattan tower said refinancing

Bank of America Corp. and Wells Fargo & Co. are providing new debt against Manhattan’s MetLife Building in a deal that values the tower at almost $3 billion, according to people familiar with the transaction.

Toronto rentals reborn with ‘Divorcee Towers’

The dreary six-story apartment block in Toronto’s north end was nicknamed “Divorcee Towers” after the newly single who lodged at its short-stay units. Then Timbercreek Asset Management Inc. moved in.

On the Agenda: Construction update, court case, tax credit on tap

Business and professional groups will offer a range of activities this week.

Jan. pending resales of existing homes highest since 2013

More Americans signed contracts to purchase previously owned U.S. homes in January, rounding out a week of housing data that depicted an uneven recovery.

More Real Estate News

Leasing Notes

Patrick and Nora Ross Penn Jones of San Diego Commercial Real Estate (SDCRE) 10806 Prospect Ave., LLC Ron Bement of Cushman & Wakefield of San Diego Industrial 2,750 square feet Santee CA 92071 10806 Prospect Ave, Suite 2 36 month off-road vehicle fabrication. A family-owned business that focuses on providing customization services for both on-road and off-road vehicles $91,799 2/24/2015
Eduardo Garcia adn Dewi Prasetia, dba GarPra, LLC Penn Jones of San Diego Commercial Real Estate (SDCRE) RSD Plaza, LLC Edwin W. Engle of Asset Management Specialists, Inc Industrial 1,125 square feet Spring Valley CA 91978 2731 Via Orange Way 38 month a Zumba dance studio $37,475 2/24/2015
Viralab Josh McFadyen and Joe Crotty of Colliers International Copperwood Partners, LP McFadyen and Crotty Industrial 1,680 square feet Oceanside CA 92054 105 Copperwood Way, Suite H 48 month flex space PR-186459 $52,674 2/18/2015
Michael Gilstrap Josh McFadyen of Colliers International MAJ Investors McFadyen Industrial 1,632 square feet Oceanside CA 92056 4065 Oceanside Blvd., Suite N 36 month manufacturing PR-186461 $39,960 2/18/2015
Field Brothers Constructiom Josh McFadyen of Colliers International Ganatol Land Company McFadyen Industrial 1,200 square feet Oceanside CA 92058 224 Via Del Monte 24 month distribution PR-186231 $22,320 2/18/2015
Last Updated 2/24/2015

Top 5 Homesales

15-0083068 condo Ramona CA 92065 23828 Green Haven Ln #2A Jim Benlatreche Jeffrey Sparks, Jr 288-320-12-06 $245,000 2/24/2015 2/27/2015
15-0083071 vacant industrial lot San Diego CA 92121 7120 Miramar Rd Gerard P. Cotter and R. Ernest Smith, successor co-trustees, Bedrosian Miramar, LLC 343-070-11 $3,600,000 2/24/2015 2/27/2015
15-0083074 house Oceanside CA 92057 5523 Lipizzaner Cir Meritage Homes of CA, Inc. Shira Miller and Sean Saulsbury 122-624-14 $679,000 2/24/2015 2/27/2015
15-0083080 house San Diego CA 92126 10350 Penrod Ln Upward Trend, LLC Christopher L. Hsieh 311-372-27 $645,000 2/24/2015 2/27/2015
15-0083082 house Santee CA 92071 9352 Leticia Dr HSBC Bank USA, N.A., trustee, RJ Leal, Inc 383-416-31 $326,000 2/24/2015 2/27/2015
Last Updated 2/24/2015

Business News

In The News

UCSD isn’t keeping pace with last year’s grants, and George Chamberlin writes about a proposal to change retirement plan fees.
 

 

SDAR Scoop

SDAR Scoop February 2015

Feb. 9, 2015 -- George Chamberlin sits down with current president of the Greater San Diego Association of Realtors, Chris Anderson, to discuss January's housing stats, SDAR's new consumer portal and new North and South County Service Centers.

Real Estate Videos

Voit Real Estate's Eric Northbrook on commercial real estate

Jan. 13, 2015 -- George Chamberlin speaks with Eric Northbrook, managing director at Voit Real Estate Services, discuss the commercial real estate market and how the industrial segment is the strongest.

Real Estate Businesses

Special Reports

Building San Diego - 2015

The nuts and bolts of construction in San Diego, from commercial and residential project updates to a review of how the industry is faring.

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The Real Deal

Join The Daily Transcript in recognizing the 2014 commercial real estate deals of the year. We’ll look at top commercial leases and sales over the past year and see what’s in store for 2015.

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Ted Bumgardner, Xpera Group

Ted Bumgardner, president of Xpera Group, discusses the many different support services the company offers to the construction industry, including forensics, construction management, quality assurance and more.

Around Town

Brawley

Brawley

The City of Brawley was incorporated in 1908; it is a 'General Law' municipality. The City of Brawley is located in the far southeastern corner of the State of California, in the Lower Colorado Desert and 10 miles south of the Salton Sea.