SAN DIEGO-The owning entities of Rancho Vista Business Park have secured two permanent loans for the property that will provide $13.4 million for the business park's first and second phases and $12.9 million for its third and fourth phases.
SAN DIEGO-The 95,579-sf Scripps Northridge Technology Plaza has traded hands, with a partnership between Kearny Real Estate Co. and Lankford & Associates Inc. selling the asset to Crystal Pier Partners LLC.
SAN DIEGO-An investment partnership acquires the 346-unit Casoleil apartment asset from an entity of JMI Realty. Located at 110 Dennery Rd., the amenity-rich property was completed this past June.
EL CAJON, CA-In the latest example of investors' interest in smaller sized multifamily product, Cammy Investments Inc. of La Mesa snaps up the 15-unit Lincoln apartment complex from the San Diego-based Carolyn Christine Koon Family Trust.
TEMECULA, CA-Two limited liability companies join up to acquire a 290,000-sf portion of the Temecula Town Center shopping complex. Located in the ciyt, the circa 1989 property was 90% leased at the time of sale.
SAN DIEGO-Steven Bollert has left his position as senior vice president at Burnham Real Estate Services, where he specialized in the sale and leasing of laboratory facilities, to join Veralliance Properties as a principal.
CARLSBAD, CA-A joint venture between Principal Real Estate Investors and Madison Marquette snaps up Plaza Paseo Real, a 147,000-sf neighborhood shopping center. The property is 98% occupied by retailers including Von's Pavilion and Ultra Star Cinema.
SAN DIEGO-The office powerhouse acquires Governor Executive Centre II for $23 million, thus positioning itself as the largest owner of class A office space in the Governor Park submarket.
CARLSBAD-Merit Group Inc. acquires the vacant site, with plans to build homes worth $450,000 or more on the property. Housing a total of 12 planned lots, the parcel encompasses five acres.
EL CENTRO, CA-The City of El Centro has kicked off the second phase of its $28-million project aimed at upgrading and expanding its 59,000-sf El Centro Regional Medical Center.