28 Aug 2017

CoStar SD Commercial Real Estate News

San Diego Commercial Real Estate News From CoStar Group

CoStar’s People of Note (Nov. 17) – Levy Lands at Crow, DePizzol Departs for NKF, Burdette Joins JLL…

Nov 17 2017

The following companies announced personnel moves this week: Crow Holdings, Newmark Knight Frank, JLL, Avison Young, Kidder Matthews, Transwestern, JAG and Cushman & Wakefield | Thalhimer.img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;} img.ponthree{display: block; padding: 5px; width: 60%; max…

Sunstone Refinances $220M Hotel Loan

Nov 14 2017

Sunstone Hotel Investors, Inc. (NYSE: SHO) of Aliso Viejo, CA has refinanced an existing $220 million mortgage loan secured by its Hilton San Diego Bayfront hotel in San Diego, CA with a new $220 million mortgage loan. The hospitality building is located at 1 Park Blvd. in the Downtown submarket.

The interest-only loan has a three-year initial term and three one-year extension options, subject to the satisfaction of certain conditions. The loan…

San Ysidro Health Acquires Industrial Property

Nov 13 2017

San Ysidro Health Center, Inc., a non-profit health care services organization, has acquired the industrial property at 1601 Precision Park Ln. in San Diego, CA from San Diego HD LLC for $8.15 million, or about $133 per square foot.

Terra Enterprises, Inc. acquired the asset back in 2007 from CT Realty Investors for $9.68 million ($157 pSF), according to CoStar data. See CoStar COMPS #1343968. The 4.7-acre site is currently improved with a 61…

Shared Workspace Providers Growing Their Profiles in Southern California

Nov 8 2017

Several operators of co-working office spaces, featuring non-assigned work desks and collaborative areas available to members on a monthly basis, continue to grow their respective footprints across the Southern California region in a trend led by industry forerunner WeWork, which last month leased 52,371 square feet at The Aventine in San Diego, CA.

Located at 8910 University Center Ln. in San Diego County, the 11-story, 219,987-square-foot, 4…

Kilroy Completes Assemblage of Full City Block in Little Italy

Nov 6 2017

Los Angeles-based Kilroy Realty Corp. (NYSE: KRC) has pulled together a full city block in downtown San Diego’s Little Italy for an aggregate purchase price of $19.4 million in three separate sales.

The buyer plans to develop what is billed as the first new office building to be constructed in that neighborhood in more than 20 years, according to Colliers International Group, Inc. which represented the developer. Initial plans call for a 172…

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