Apartment values should double within the next five years, according to Fred Schnaubelt, former San Diego City Councilman and president of Fredrick Schnaubelt & Sons, an apartment investor.
Chuck Klein, Kevin HeldCassidy Turley San DiegoEncinitas Village Square I, 1446-1486 Encinitas Blvd., Encinitas25,810 square feet on 112,385 square feet of landTotal consideration: $9.25 million
Russell Ingram, Kevin Shannon, Louay Alsadek, Evan August, Kraig Kristofferson, Stacy Meronoff and Andrew TaylorCBREDiamondView Tower, 350 Tenth Ave., San Diego15 stories, 305,255 square feetTotal Consideration: $121 million
Craig Stewart, Bill AndersonACRE Investment Real Estate ServicesRoyal Oaks, 650 Woodward Street, San Marcos89,676 square feet and 122 unitsTotal consideration: $16.85 million
Tom Martinez, Evan Knudson and Brian Klepacki (tenant brokers); Rich Kwasny, Shane Harmon (landlord brokers)CBRESiempre Viva Business Park, 9043 Siempre Viva Road, San Diego257,972 square feetTotal consideration: $4.5 million
Victor Krebs, Rob MorganColliers InternationalCentrePoint, 6303 El Cajon Blvd., San Diego312 units with 4,000 square feet ground- floor commercial spaceTotal Consideration: $14 million
Kevin Mulhern, Dixie Hall, Rachel Parsons and Tyler AndersonCBREFour properties in four counties, including Las Flores at 7039 Charmant Drive, La JollaFour properties totaling 820 unitsTotal consideration: $169 million
Bo Gibbons, Ken Robak, Brian Crepeau and Robert Phillips; Pete Bethea, Kipp GstettenbauerPacific Coast Commercial, Cushman & WakefieldGlasshouse Square, 3146-3156 Sports Arena Blvd., San Diego101,818 square feetTotal consideration: $24 million
The history of San Diego isn't contained solely in books or museums. In fact, an interesting lesson in one aspect of San Diego history -- its commercial real estate -- can be gleaned merely by driving through the city's sub-markets of Kearny Mesa, Miramar and Sorrento Mesa. And, if you ask Tim Hoag, a senior director of commercial investment property sales in the Golden Triangle office of Cushman & Wakefield, its bright future can be seen in Poway, Rancho Bernardo and along the Interstate 15 corridor.
With more than two decades of experience, Steve Bollert is hardly a newbie when it comes to commercial real estate. But he is the “new B” at BCL Inc., a 16-year-old company that owns and manages 1.2 million square feet of commercial space throughout Southern California and Arizona.
Fresh out of the University of Colorado in 1984 with a bachelor's degree in finance and real estate and without any job prospects, David Santistevan sought the advice of a close friend.
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.
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