EL CAJON, CA-Private investors Juan and Amelia Bustamonte of San Diego acquire the apartment complex with the possibility of converting it into a condo asset. Built in 1983, the property was 100% occupied at time of sale.
CARLSBAD, CA-DEI LLC buys the 53,000-sf property from CT Realty Corp. for $8.3 million. Located at 5931 Priestly Dr. in Carlsbad, the facility is fully occupied by two tenants, Tyco Healthcare and Liberty Street Financial.
SAN DIEGO-ACS State and Local Solutions Inc., a subsidiary of Affiliated Computer Services Inc., inks a five-year lease for office space in Seaview Corporate Center. The deal is valued at $782,000.
SAN DIEGO-Cybele Thompson, general manager of PM Realty Group and the former leader of BOMA San Diego, is named to head up BOMA CAL as president of the organization.
SAN DIEGO-Glenborough Realty Trust Inc. snaps up the 19-story, class A building--an asset that fits in with the firm's new commitment to upgrade the "quality and geographic concentration" of its office properties.
SAN DIEGO-MC Mission Courtyard acquires the 84,566-sf office facility from F&F Mission Courtyard Associates LLC. Constructed in 1980, the property stands at 5030 Camino De La Siesta in the city.
SAN DIEGO-The $140-million mixed-use development, which has been in the works for more than two years, now has the financing it needs to move forward. Construction is scheduled to begin immediately.
SAN DIEGO-The OliverMcMillan affiliate Island Storage LLC snaps up the 80,000-sf asset and its adjacent 5,000-sf parking lot. Built in 1929, the facility stands on the site where seller Klauber-Wangenheim first opened in 1869.
SAN DIEGO COUNTY, CA-San Diego County's level of employment is on the rise, according to new research by the State of California Employment Development Department that reports an unemployment rate of 4% for the month of November.
LA JOLLA-The University of California, San Diego chooses McCarthy Building Cos. Inc. as the general contractor for its renovation and expansion project involving the biomedical library located at the UCSD campus here.