28 Aug 2017

CoStar SD Commercial Real Estate News

San Diego Commercial Real Estate News From CoStar Group

CoStar’s People of Note (Sept. 15) – CBRE Exec Jumps to NKF, Savills Studley Promotes Three…

Sep 15 2017

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Silicon Valley, Houston, Richmond / Hampton Roads, Los Angeles, New York City, San Diego, Atlanta, Dallas / Ft. Worth, Boston, Northern New Jersey, Philadelphia, Chicago, Cincinnati, South Carolina and East Bay.
SILICON VALLEY
Kelly Joins NKF as Executive Managing…

Market Trend: San Diego’s Mid-Year Industrial Deliveries, Construction and Inventory

Sep 14 2017

During the second quarter 2017, one building totaling 44,406 square feet were completed in the San Diego market area. This compares to four buildings totaling 524,303 square feet that were completed in the first quarter.

There were 1,645,775 square feet of Industrial space under construction at the end of the second quarter 2017.

Some of the notable 2017 deliveries include: Campus Pointe 2, a 304,326-square-foot facility that delivered in first…

JLL Wins Assignment to Find Electric Vehicle Charging Sites in $2 Billion Volkswagen Investment

Sep 14 2017

For years, CRE brokers have predicted that electric vehicle (EV) charging stations will become standard amenities at office buildings, shopping centers, hotels, service stations and even restaurants. Volkswagen subsidiary Electrify America just handed JLL an assignment to identify EV charging station sites in 17 metros, nearly half of them in California, in an investment that will significantly add to the more than 16,000 charging stations already…

Marshall Joins 29th Street Capital in Southern California Expansion

Sep 13 2017

Richard Marshall has joined 29th Street Capital as an acquisitions director in the firm’s recent expansion into Southern California.

In his new role, Marshall will be managing the firm’s real estate activity across the region with a focus on multifamily acquisitions and asset management strategies.

Marshall was previously at Sabal Financial Group for the past 14 years, most recently as an asset manager working with distressed debt and distressed…

Cardiff Investments Buys Carlsbad Industrial Asset

Sep 13 2017

Cardiff Investments LLC purchased the industrial facility at 2304 Faraday Ave. in Carlsbad, CA for $5.1 million, or about $164 per square foot, from Zuza.

The 31,202-square-foot building was constructed in 1979. The seller, a marketing firm, has occupied the building for several years, and upon closing, leased back the facility from the new owner.

John Borgia of JBJ Investments represented the buyer. Aric Starck of Cushman & Wakefield represented…

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