SAN DIEGO-Grading has already begun on the development, which will encompass between 600,000 sf and 800,000 sf on completion. Company officials say the project accounts for 60% of the buildable land for commercial development currently available along the Highway 56 Corridor between the I-5 and I-15 freeways.
SAN DIEGO-Silver Creek LLC, owned and managed by Gary Beyler, lands a $12-million loan that will be used to refinance the company's Rio Vista Plaza asset. Silver Creek acquired the 78,167-sf office facility last year for $12.9 million from The Shidler Group.
OCEANSIDE, CA-Grasick LLC snaps up the freestanding shell building, which encompasses a total of 51,480 sf. Located at 4675 North Avenue in Northside Business Park, it will serve as the new headquarters for manufacturer Lamvin Inc.
SAN DIEGO-The proposed East Village Square master plan is going back to the drawing board, as Mayor Dick Murphy and the San Diego City Council want a larger community park in the mixed-use development.
SOLANA BEACH, CA-Pacific Solana Beach Holdings LP, an affiliate of American Assets Inc., revises its proposal for a $10-million multifamily addition to the Lomas Santa Fe Plaza retail center.
SAN DIEGO-The buyer acquires a 28,877-sf office facility from Asset Preservation Inc. with plans to convert the space into residential loft condominiums. The building is located at 111 Elm St. in Downtown San Diego.
SAN DIEGO-G.W. Williams & Co. acquires the 7,500-sf office asset from Timothy J. & Pamela Culver Trust. The new owner plans to occupy the property, which is located at 6610 Flanders Dr. in San Diego.
SAN DIEGO-Less than a month after the joint venture entity of Shelbourne Properties I Inc. and Shelbourne Properties II Inc. entered into a contract to sell the Century Park I office park, the JV sews up the transaction with buyer Cruzan / Monroe.
CALEXICO, CA-Construction on the industrial and office project, known as Mexport Business Center II, is slated to begin this summer. International Real Estate & VTS Development LLC of Otay Mesa is developing the complex, which is being designed by Ware Malcomb.
OTAY MESA, CA-First Industrial Realty Trust Inc. enters the San Diego commercial real estate market with its acquisition of the Otay Mesa industrial asset formerly known as The GGateway.