This annual special report covers current market conditions, new projects, industry highlights and projections for the coming year.
There is little doubt that the local and national markets for both commercial and residential real estate construction are going through a difficult period.
Meissner Jacquet Investment Management Services has always relied on a team of seasoned professionals to help its clients achieve their goals. As the largest privately owned commercial property management company in San Diego, the firm's employees continually strive to expand their knowledge, industry expertise and skill sets in order to provide clients with the best possible service.
Retail tenants expanding in San Diego County are focusing their expansion efforts on the very few new retail projects being developed over the next several months.
Phase II is under way at the new five-building Doctors Park medical office campus at Otay Lakes Road and Lane Avenue in the Eastlake community of Chula Vista. Phase II consists of three buildings totaling 42,000 square feet. Completion is anticipated by May 2008. Phase I, consisting of two buildings totaling 32,000 square feet, was completed in the fourth quarter of 2006.
Liberty Station Marketplace, retail anchor for the 361-acre mixed-use development on the site of San Diego's former Naval Training Center, was among the state's top construction and design projects in 2007, according to California Construction magazine. The $54 million shopping center was built by La Jolla developer C.W. Clark Inc. Legacy Building Services was the general contractor, and other key design consultants include Nadel Architects, Heritage Architects and ONA Landscape Architects.
Brother and sister team Lynn LaChapelle and Robert Prendergast, who recently left Burnham Real Estate Services (now part of Cushman & Wakefield), have landed at Jones Lang LaSalle to help that brokerage's capital markets group fly.
The year 2007 proved to be quite stable in the San Diego commercial arena primarily due to a strong regional employment base, offsetting the nation's more general economic adversities: the price of oil pushing $100 per barrel; the Wall Street roller coaster with the rise and fall of some 2,400 points during the last year; and the housing market decline coupled with the subprime loan crisis. A snapshot of the San Diego employment scene as reported by the Department of Labor Bureau of Labor Statistics showed the following:
The success and appreciation of the San Diego real estate market over the past 10 years along with its strong local economy represent a great opportunity for forward-thinking business owners to invest in office condominiums.
When planning for new construction, the various sectors of the real estate market each have a unique set of criteria to meet and issues to address in order to achieve a successful project. Founded over 50 years ago, and through decades of serving real estate development clients, today Rick Engineering Co. remains keenly aware of the distinctive needs of the market's various sectors, and is fully equipped to learn about and then address the unique needs of the individual clients within those sectors. This principle definitely applies to commercial real estate development.
A new Mammoth Equities LLC multitenant office building is now ready for occupancy at the intersection of Palomar Airport Road and Melrose Drive in the northern San Diego community of Carlsbad.
As many tax and legal advisers know, a taxpayer may exclude from income a portion of the gain resulting from a sale of the taxpayer's principal residence.
Individual stocks and bonds. Mutual funds. Precious metals. Certificates of deposit and interest-bearing checking accounts.
San Diego County's retail sector continues to lead the way despite a dubious economy.
The apartment market in San Diego is expected to continue to post modest improvement this year, supported by steady job growth, high home prices and limited new supply.
San Diego County's office market is in a transitional phase, and industrial absorption in 2007 ran about half the level of the prior year.
The Casa del Zorro was acquired for just $2 million and additional Borrego Springs properties are going on the block.
Design is in progress for the 18,5000-square-foot remodel within Qualcomm Inc.’s seven-story, research and development building located in Sorrento Mesa.
Dynalectric Co. San Diego, a provider of complex, fully integrated design-build electrical services, announced the completion of electrical work on the Intuit headquarters campus, the DiamondView Tower and Sempra headquarters building.
Off Interstate 805 and state Route 52, Reno Contracting is working on the Terrace at Copley Point project.
Six months after completion of construction, Metro*Work, an 80,000-square-foot building at 1350 Columbia St. in downtown San Diego, featuring a restaurant and 28 office condominium units, is 65 percent sold, according to Jon Boland, vice president of Voit Commercial Brokerage's San Diego office. The developer is Berkson Realty Advisors.
Legendary UCLA basketball coach John Wooden may have crafted his famous "Pyramid of Success" nearly 60 years ago, but local real estate broker Don Zech of CDC Commercial said it's still relevant in all aspects of his daily life.
ECP Commercial's La Mesa headquarters is filled with bright, enthusiastic young people, the youngest of whom is Chairman Joe Bonin's 14-year-old son on a stint during winter break. The air hums with their respect and admiration for the man who guides and encourages them on their career paths.
When Russ Sande started one of San Diego's first tenant representation firms in 1984 he did so with a simple but revolutionary concept: that commercial real estate tenants are entitled to quality, conflict-free representation in their leasing transactions.
Read about projections for the coming year, industry leaders, lease negotiations, projects and more in the annual Commercial Real Estate Report.
Read about highlights, projections for the coming year and the top issues and concerns facing the industry in the Commercial Real Estate Report.
This annual special report covers the top issues and concerns facing today's commercial real estate industry, as well as projections for the coming year.
This annual report covers the latest in leasing negotiations, space availability, industry highlights, new projects, top issues and concerns facing today’s commercial real estate industry, as well as projections for the coming year.
This annual special report covers leasing news, commercial sales, industry highlights and new projects. This publication will be delivered to CCIM's Real Estate Investment Forum on Tuesday, Jan. 24, and the USD Burnham-Moores Center for Real Estate Conference on Tuesday, Jan. 31.
In this special section, The Daily Transcript partners with the San Diego CCIM Chapter to provide a comprehensive report on the county's commercial real estate market.