This special report, produced in partnership with BOMA San Diego, focuses on the management, construction and value of commercial properties.
Colliers International Real Estate Management Services has been awarded the property management contract for the 150,000-square-foot James R. Mills Building and Auto Park in downtown San Diego.
Grant General Contractors, a Carlsbad-based general contractor, has put the final touches on the Bressi Village Shopping Center. The center is located at the corner of El Fuerte & Gateway Road in Carlsbad within the Bressi Ranch master-planned community. The contract, valued at $15 million, was awarded to Grant General Contractors by LNR CPI Bressi Retail LLC.
As a consequence of the global economic crisis, vacancy rates are rising across all product types in virtually every San Diego commercial real estate market. Fortunately, this increase is coming off the historically low levels of vacancy experienced in these markets as recently as 2007. For vacancy rates, what goes down must go back up.
As a young man growing up in San Diego, Greg Rogers worked at a service station. Not a gas station, but an old fashioned service station where they checked your oil and tires when you came in for a fill-up. He learned something about business there that he's never forgotten.
According to the San Diego Water Authority, growth forecasts predict more than 1 million new residents in San Diego County by 2030. As Southern California faces growing deficits in water supply, the need for sustainable programs to assist local businesses, homeowners associations and residents has never been more important. As a leader in the landscaping industry, Benchmark Landscape is leading essential changes in the industry to implement water conservation efforts throughout its commercial maintenance and installation.
Commercial property prices are dropping, but brokers, investors and receivership companies could each benefit.
Each year, BOMA San Diego presents The Office Building of the Year Awards (TOBY), the most prestigious and coveted awards in the commercial real estate industry. The TOBY Awards honor buildings that demonstrate excellence in overall building operations and management. All facets of a building's operations and programs are thoroughly evaluated, including building management, operational efficiency, tenant retention, emergency planning and community impact.
BOMA International's Chair and Chief Elected Officer Richard D. Purtell, RPA, recently testified before Congress on the growing commercial real estate credit crunch and the General Services Administration (GSA), with a specific focus on the challenges of leasing and building during an economic crisis. Purtell represented BOMA International and the Apartment and Office Building Association (AOBA) of Metropolitan Washington, D.C., before a hearing of the House Subcommittee on Economic Development, Public Buildings and Emergency Management of the Committee on Transportation and Infrastructure.
BOMA's Experience Exchange Report has provided income and expense analysis for office buildings across the United States and Canada to help building owners and managers build budgets, evaluate operating performance, identify areas for improvement and savings, and communicate performance metrics to owners, investors and prospective tenants.
BOMA commercial real estate's leading source for industry education will feature its most comprehensive and timely programming to date at the 2009 BOMA International Conference, June 28-30, in Philadelphia. Developed by seasoned industry experts, this year's program includes more than 40 education sessions built around five essential tracks designed to help property professionals meet today's challenges head on: Maximizing Asset Value; Going "Lean": Managing with Less; Building a Sustainable Bottom Line; Leading Effectively in Challenging Times; and Optimizing Building Operations: Tools for Building Engineers.
Members of BOMA San Diego brought their urgent message to Capitol Hill lawmakers as part of BOMA´s annual National Issues Conference, March 23-24 in Washington, D.C. With a floundering economy, high unemployment and uncertainty in the financial markets, BOMA members met with their representatives and senators to explain the critical role commercial real estate plays in a thriving economy and to gain support for key issues affecting the industry.
The California Franchise Tax Board has required withholdings in connection with real property sales for years. The FTB is now expanding withholding obligations to require withholdings on rent payments made to nonresident landlords.
Ferring Pharmaceuticals’ older one-story biopharmaceutical research facility in Sorrento Valley has been transformed into a two-story, state-of-the-art building that includes cutting-edge laboratories, research offices and a video conferencing room.
When the SkyVue Lofts condominium portion of Smart Corner began sales in 2004, the residential real estate market was hot.
A Cushman & Wakefield report says the apartment investment market may have bottomed out.
The housing market might be struggling still, but local real estate attorneys are finding themselves plenty busy these days.
Bank-owned commercial property prices are way down, and even non-bank-owned commercial prices have declined sharply as well.
Commercial and industrial permit activity in San Diego County during the first two months of the year was but a fraction of the level a year earlier, and nonresidential alterations and additions were down significantly as well.
Prevost Construction recently completed $2 million worth of renovations for multiple tenants in Sorrento Towers North, half of the 279,476-square-foot, two-tower complex at 5355 and 5375 Mira Sorrento Place in the Sorrento Mesa area of San Diego (92121).
Commercial properties are now beginning to enter the deluge of foreclosures seen in the housing market. While a huge increase in distressed properties has not yet been observed, real estate experts expect the trend to soon surface.
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 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.
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.