This annual report highlights the hot spots for commercial space around the county, exploring what's available on the market and what markets are topped out. We'll also provide expert insight on how to improve commercial space for tenants and discuss commercial space trends.
Pacific Building Group completes another build-to-suit ground up commercial building in Chula Vista. This 30,046-square-foot concrete tilt-up commercial building located at 830 Bay Blvd. in Chula Vista is now the home of Laing Thermotech Inc.
California Realtors and their clients can now access information about their real estate transactions using Spanish, Mandarin Chinese and Vietnamese, the California Association of Realtors announced this week.
5-0702523 -- The storage bldg. at 434 16th St , San Diego, CA 92101, was sold on 08/16/05 at a tax value of $1,000,000.
In the "Year 2000 Economist Year In Review," the venerable publication published a graph comparing "American Share Prices" to "American Property" over the prior 20-year period.
The demand for commercial real estate space has spiked in regions surrounding the Hurricane Katrina disaster zone, providing additional stimulus to major commercial market sectors that already were experiencing growth, according to the National Association of Realtors' Commercial Real Estate Spotlight.
In 2005, the central suburban office submarket - particularly the commercial properties of Kearny Mesa and Mission Valley - has jumped ahead of the other submarkets in the region in terms of net absorption.
Federated Department Stores Inc. (NYSE: FD) announced a series of strategic decisions to build its nationwide Macy's and Bloomingdale's brands and reduce costs, which includes converting the Robinsons-May store in San Diego’s Fashion Valley into a Bloomingdale’s after closing and remodeling the store in 2006.
Miles away from the downtown hub of urban development, in the community of North Park, a quiet but forceful renaissance is taking place - one that could offer significant competition to the downtown, urban lifestyle.
The San Diego Chapter of the American Public Works Association presented the City of Poway with an Honor Award for the recently completed City Office Building and Council Chambers.
Having completed nearly 3,000 transactions totaling more than $2.7 billion in retail lease and sales consideration since its inception in late 1985, San Diego-based Flocke & Avoyer Commercial Real Estate celebrates its 20-year anniversary this year.
Time is money: That pragmatic advice offered by Benjamin Franklin in 1748 is one of the undisputed truisms of today's commercial real estate industry.
For over two decades Wells Fargo Plaza has stood out as one of the signature buildings of the San Diego skyline, with its distinctive profile and alternating stripes of dark glass and red carmine granite. This summer the 24-story downtown landmark is seeing the completion of an interior restoration worthy of its status.
For more than a decade, Meissner Jacquet has helped its clients maximize the value of their commercial property investments. Now, San Diego's largest privately-owned commercial property management firm is taking advantage of an investment opportunity of its own that will also enable it to grow and evolve to better serve its clients.
Strategically located in central San Diego County, Poway enjoys close proximity to North and South County via the Interstate 15 corridor, inland areas via Highway 67, and an easy connection to the coast via State Route 56. With convenient access to major regional transportation routes, it is no wonder businesses are looking to Poway for their next relocation or expansion opportunity. However, Poway's location and freeway access are just the beginning to the numerous benefits for business operations.
As one of San Diego's most unique Class A office properties, the Spanish style Rancho Bernardo Courtyard features solid teak doors, operable windows and balcony doors, vaulted ceilings, burnished plaster walls and an internal courtyard that blooms year-round.
Construction of La Tortuga Office Park is under way. The two-story, approximately 25,000-square-foot office building is located at 495 La Tortuga in Vista.
It is no secret that the price of land in San Diego has earned the city the notorious distinction as one of the least-affordable places to buy property. The increasing land value has affected all aspects of the real estate market in San Diego from retail to office to medical.
For the past few years, sinking cap rates have made it relatively easy for real estate investors to realize positive returns on their office market investments. But today, owners are beginning to recognize that the opportunity to make a profit on a quick turnaround isn't as easy as it used to be. With cap rates dropping to what most would agree are the lowest they will go, real estate investors recognize that they can no longer count on compressed cap rates to help them reap profits from their assets.
"Build it and they will come" was once said about a baseball diamond in an Iowa cornfield in the movie "Field of Dreams." It can also be said about the Padres' Petco Park and the surrounding East Village. What once was an area dominated by warehouses and eroding properties in recent years has become a growing, thriving area attracting visitors and residents alike. When Petco Park opened in 2004, the area exploded with new condos, upscale eateries, trendy retail stores and more.
A recent national survey from Black's Guide, a comprehensive commercial real estate source, found that 89 percent of commercial real estate professionals feel confident that business will be as good as or better in the next six months as in the prior six months. This confidence follows a five-year slump in the commercial real estate industry.
With more than 2.1 million square feet of industrial construction under way and 2.7 million square feet in the planning stages, San Diego County is currently in the midst of an industrial boom.
As the commercial real estate market continues to evolve, industry professionals need to be aware of the many legislative issues impacting San Diego commercial real estate.
Two local companies recently turned up their design appeal by turning to Beth Miller - principal of San Diego-based Miller Design.
While large companies often get the most attention, smaller users have become the driving influence in local real estate markets.
The County Operations Center Annex is finally getting developed into a large mixed-use project; by just how much of what has yet to be determined.
General contractor Jaynes Corporation has completed construction of the National City Public Library at 1401 National Blvd. Designed by Carrier Johnson, the 49,000-square-foot facility is one of the first projects approved for funding under the State Library Bond Act.
Tennessee-based Equity Inns Inc. (NYSE: ENN) announced Thursday that it will purchase a Marriott Courtyard in Carlsbad from Huntington Hotel Group for $22 million.
City woes, a public vote, an EIR and even a gas plume stand in the way of the Chargers developing a new stadium and ancillary development, but Mark Fabiani is not giving up.
NEW YORK -- Fewer opportunities in the stock market have prompted some hedge funds to bolster returns by making loans for commercial real estate such as office buildings.
Just months before Hurricane Katrina hit, Judah Hertz made a big bet on New Orleans real estate.
The Fourth Avenue Corporate Center, an eight-level, 91,163-square-foot office building at 1551 Fourth Ave. in downtown San Diego, 92101, has been sold for $18.62 million and will be converted to residential condominiums.
Industrial: Raytheon has leased 25,448 square feet of industrial space at 9985 Pacific Heights Blvd., San Diego, 92121, from R.E. Hill Properties. The property was leased for 60 months at $2.8 million.
An 860,000-square-foot shopping center is about to come out of the ground in the Lomas Verdes portion of Otay Ranch.
Get ready for the paperwork. Palomar Pomerado must plow through a mountain if it hopes to build its new hospital.
Construction is expected to begin in November on MetroWork, the first new office condominium to be built in downtown San Diego.
NEW YORK -- The sale of debt backed by commercial real estate is on a record pace, bolstered by falling interest rates and rising property prices, according to Moody's Investors Service.
SACRAMENTO -- For the 27th consecutive quarter, the California commercial loan delinquency ratio is below one-half of 1 percent.
DANVERS, Mass. -- Perched on a hill and surrounded by forests and hay fields sits an imposing brick structure that one visitor called "the scariest building in North America." It's the former Danvers State Hospital, the setting of a 2001 horror movie and a painful reminder of the brutalities of institutionalized mental-health care.
ANNAPOLIS JUNCTION, Md. -- It looks like any other office park in the U.S. -- a series of boxy buildings nestled in a sleepy suburb with ample parking and easy access to a highway. But many of the National Business Park's offices here are fortified to prevent eavesdropping by enemy satellites. A protective film coats the windows to stop probing microwaves.
NEW YORK -- Fewer opportunities in the stock market have prompted some hedge funds to bolster returns by making loans for commercial real estate such as office buildings.
Just months before Hurricane Katrina hit, Judah Hertz made a big bet on New Orleans real estate.
NEW YORK -- The sale of debt backed by commercial real estate is on a record pace, bolstered by falling interest rates and rising property prices, according to Moody's Investors Service.
DANVERS, Mass. -- Perched on a hill and surrounded by forests and hay fields sits an imposing brick structure that one visitor called "the scariest building in North America." It's the former Danvers State Hospital, the setting of a 2001 horror movie and a painful reminder of the brutalities of institutionalized mental-health care.
ANNAPOLIS JUNCTION, Md. -- It looks like any other office park in the U.S. -- a series of boxy buildings nestled in a sleepy suburb with ample parking and easy access to a highway. But many of the National Business Park's offices here are fortified to prevent eavesdropping by enemy satellites. A protective film coats the windows to stop probing microwaves.
This special report, produced in partnership with BOMA San Diego, focuses on the management, construction and value of commercial properties.
The Transcript partners with BOMA San Diego to bring you news, views and market trends.
This special reports highlights hotspots, space use trends, market reports, what's available and what's being developed in commercial real estate.
Buy. Sell. Lease. Renovate. Find out the latest in San Diego commercial real estate in this annual edition. Highlights include a roundtable discussion, a CEO profile and industry news on what's currently on and off the market.
This special report highlights the hot commercial real estate spots around the county. We'll also offer insight on things to consider when searching for commercial space and when improving your space to appeal to new tenants.
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