POWAY, CA-The 112,062-sf asset contains R&D, office and industrial space. Comprised of six facilities, it is 90% leased to clients including Expanets and Vision Scape Imaging.
SAN DIEGO-The Realty Associates Fund VI LP picks up the asset, which is located on Kenamar Drive. Major tenants here include JPS Floor Coverings and Prudential Design Center.
SAN DIEGO-WGA Bayview Heights LP acquires the 110-unit apartment complex with plans to convert it into a condominium asset. The purchase is the latest in a string of sales that involve condo conversion opportunities, which is one of the hottest trends to hit the San Diego County multifamily market as of late.
ESCONDIDO, CA-Collateral Mortgage Capital LLC provides the financing, funded through Fannie Mae, to an affiliate of Aegis Assisted Living for its seniors housing property located in Escondido. The funds consist of a $14.3-million tax-exempt bond credit enhancement and a $1.8-million floating rate discount mortgage-backed security.
SAN DIEGO-Design is currently under way on the second phase of the Liberty Station office district, which will consist of two facilities encompassing a total of 90,000 sf upon completion.
SAN DIEGO-If the current dynamics of the San Diego County office market stay steady throughout the upcoming year, the sector may turn in its best performance since 2000, according to a new report released by Burnham Real Estate.
SAN DIEGO-The Portland, OR-based real estate company acquires Kearny Mesa Business Center, a 106,791-sf, multi-tenant, industrial park that is currently 95% occupied. The purchase marks Harsch Investment Properties' second acquisition to date in the Kearny Mesa submarket of San Diego.
SAN DIEGO-With construction slated for late 2004, design of the 301 University Ave. facility is complete. Developed by La Jolla Pacific Development Group and designed by KMA Architecture & Engineering, the mixed-use building will consist of 150,000 sf of commercial and residential space upon completion.
CARLSBAD, CA-Zimmer Dental signs a 138-month lease for 73,057 sf in an existing building in the local mixed-use complex and another 22,675 sf in a new facility slated to be completed here in August 2005. Prior to the recent lease, the property had sat largely vacant during the past several years.
OCEANSIDE, CA-With condo fever continuing to sweep through San Diego County, the Parkview Village Apartments has been snapped up here by a buyer planning to convert the property into a condominium complex.