SAN DIEGO-Barone Galasso Associates begins construction on its Downtown project that will upgrade the historic Armed Forces YMCA facility into a 260-room hotel.
SAN DIEGO-Located at 431 Van Houten, the residential asset encompasses a total of 10,264 sf. Each townhome contains three bedrooms and two-and-a-half baths.
SAN DIEGO-Stewart Title of California Inc. - San Diego Division signs a five-year agreement to occupy a 26,000-sf, build-to-suit facility in Mission Valley Heights. The new lease will enable the title insurance provider to move its San Diego headquarters office, which is currently located at 3111 Camino del Rio North in Mission Valley.
EL CAJON, CA-A private investor picks up the 36-unit apartment property from Cameron 36 LLC. Known as Cameron Apartments, the complex stands at 346 S. Mollison Ave. in El Cajon.
FALLBROOK, CA-The buyer, 4 Big Surf LLC, acquires 30,623 sf of shadow retail space located in the Fallbrook Towne Centre. The property encompasses a total of approximately 130,000 sf, but anchor tenants Albertson's and Sav-On Drug were not included in the offering.
SAN DIEGO-The general contractor wraps up work on phases II, III, IV and VI of the University of California, San Diego Medical Center's Emergency Department/Triage. Completion on the project is currently scheduled for November 2003.
ENCINITAS, CA-The investment group has used the funds for the acquisition of De La Jolla Plaza Center, an Encinitas retail asset located at 201 S. El Camino Real. The terms of the agreement call for a 10-year, 75% leveraged financing.
SAN DIEGO-San Diego County's apartment market is expected to stay in "solid shape" through the next year, according to a new report by Marcus & Millichap Real Estate Investment Brokerage Co. The firm's researchers predict that the multifamily sector will experience a decrease in vacancy over the next 12 months, while both rents and sale prices are expected to increase.
SAN DIEGO-Phase I, which is rising at the northwest corner of Nobel Drive and I-805, is slated for an October 2004 completion. At build-out, this first phase will accommodate more than 1,000 employees from IDEC Pharmaceuticals Corp.
SAN DIEGO-Lennar Homes of California and Intergulf Development have acquired a Banker's Hill parcel that currently houses two one-story office facilities. The buyers have purchased the property with plans to develop a 14-story condo project on the site.