(To read more on the industrial market, click here.)

CARLSBAD, CA-Opus West recently purchased another 20 acres at Carlsbad Raceway Business Park. The firm paid $13 million for the site.

"Carlsbad is the R&D hub of north San Diego County, it's where 80% of the county's inventory is located," says Dennis Visser, SIOR, of Grubb & Ellis|BRE, who, along with Mark Emerick, Rick Reeder and Aric Starck, will make up Opus' marketing team. "Carlsbad is home to a lot of corporate headquarters. There's a synergy there that attracts," Visser tells GlobeSt.com.

Phase II will encompass two corporate headquarter/R&D buildings ranging from 45,500 sf to 62,000 sf and two industrial buildings of 22,700 sf to 26,000 sf. A two-story, multi-building office development that is built-to-suit and totals 130,000 sf spread out over 8.6 acres is also in development.