News

San Diego Commercial Real Estate News From CoStar Group

Development Percolates in Busy Mission Valley Submarket

Feb 15 2018

Among several new Mission Valley projects is the $65 million Amp&rsand office complex, consisting of two buildings that formerly housed the San Diego Union-Tribune newspaper.Rendering courtesy of The Casey Brown Co.

Biotech Real Estate Maintains Momentum in San Diego

Feb 14 2018

Big recent life science deals in San Diego have included Alexandria’s January purchase of a four-building Sorrento Mesa campus from Quidel Corp. for $148.7 million.
New brokerage data points to San Diego’s red-hot life science real estate market remaining among the nation’s most active in 2018 and beyond, as major biotech and pharmaceutical players seek expansion opportunities in a climate of limited available laboratory space.

“There’s a lot…

Can San Diego’s Priciest Submarket Get Even Pricier?

Feb 9 2018

Kilroy Realty’s mixed-use One Paseo is currently under construction, with retail tenants expected to be up and running by early 2019. They will be followed by apartments and offices.Credit: Kilroy Realty Corp.
A spate of recent deals and development activity have some local experts anticipating that rents could soon be heading higher in San Diego’s Del Mar Heights neighborhood – already among the priciest places in the nation to set up shop.

Brokers…

Mission Corp Ctr Bldg Trades for $7.3M

Feb 7 2018

Monro Capital R & E Fund LP acquired the Mission Corporate Center office building at 6160 Mission Gorge Rd. in San Diego, CA from Parma Management Company for $7.3 million, or approximately $126 per square foot.

Built in 1972 and later renovated in 1999, the 57,729-square-foot property is located on the southeast corner of Vandever Ave. in San Diego County. The property was 96 percent occupied at the time of sale, anchored by California Children…

Hobby Lobby Backfills 59,000 SF at College Plaza

Feb 7 2018

Hobby Lobby leased 59,000 square feet in the College Plaza Shopping Center in Oceanside, CA and will backfill the vacancy previously occupied by Dick’s Sporting Goods.

College Plaza is approximately 150,000 square feet and visible from Highway 78. Major tenants in the center include Grocery Outlet, Starbucks and Wendy’s.

Bruce Schiff and Andrew Peterson with Cushman & Wakefield represented the landlord.