The San Diego office of Cushman & Wakefield reports that with three new leases, Chancellor Park, a Class A office and medical park, continues to attract tenants in the University Town Center area of San Diego (92121). Leases recently inked total 11,787 square feet and $4.18 million in value. The project totals 195,953 square feet in two, four-story buildings. It is located at 4510 and 4520 Executive Dr. Chancellor Park also features an on-site deli, fitness center with showers and structured parking.
The first of 14 new buildings located at the Pacific Coast Business Park recently sold. The 5,244-square-foot building was purchased by MMG Enterprises for $681,720. The seller was AMB DFS Pacific Coast LLC.
There appears to be little argument over a second expansion of the San Diego Convention Center, but finding a way to pay for the $750 million-plus project is elusive.
General Growth Properties -- which owns the Otay Ranch Town Center and the Chula Vista Center, and filed the largest U.S. real estate bankruptcy in history earlier this year -- has reached an agreement with its lenders to restructure its debt.
Nov. 20, 2009, 11:45 a.m. -- San Diego's web video news: Today's breaking major business events, economic, and financial announcements from the Daily Transcript/San Diego Source newsroom.
09-0641628 --
The house at 826 Avenida Abaja , San Marcos, CA 92069, was sold on 11/18/09 at a tax value of $430,000.
09-0641637 --
The condo at 8164 Paradise Valley Ct, Unit #99, Spring Valley, CA 91977, was sold on 11/18/09 at a tax value of $105,000.
09-0635936 --
The house at 15804 The River Trail , Rancho Santa Fe, CA 92067, was sold on 11/16/09 at a tax value of $4,400,000.
09-0636165 --
The condo at 3417 Ocean Front Walk, Unit #A, San Diego, CA 92109, was sold on 11/16/09 at a tax value of $3,350,000.
09-0636170 --
The house at 5925 La Jolla Scenic Dr, La Jolla, CA 92037, was sold on 11/16/09 at a tax value of $2,945,000.
LEASING NOTES
Last Updated 11/20/2009
Industrial.
Elite Business Ventures, Inc. has leased 1,965
square feet of industrial space at Miramar Business Park, 7630 Miramar Road, Suite 2200, San Diego, 92126,
Industrial.
Wal-Mart Stores East, LP has leased 37,632
square feet of industrial space at 1366 30th Street, San Diego, 92154,
Industrial.
American Mushroom Inc. has leased 14,505
square feet of industrial space at The Southbay Distribution Center, 698 Anita Street, Suite B, Chula Vista, 91911,
Office.
Accountants in Transition Inc. has leased 5,081
square feet of office space at 10509 Vista Sorrento Parkway, Suite 300, San Diego, 92121,
Office.
Plangea, Inc. has leased 7,040
square feet of office space at 980 Park Center Drive, Suites F, G, Vista, 92081,
