SAN DIEGO-New projections for the region predict a better supply/demand balance in the commercial real estate markets during 2004, with declined vacancy levels in both the office and industrial sectors.
CORONADO, CA-San Francisco-based real estate investment manager MacFarlane Partners is gearing up to open a branch in Coronado this upcoming January, having recently tapped real estate veteran David Dressler to head up the new office.
SAN DIEGO-The defense firm inks an 84-month lease for office space in Carmel Point Office Park. According to the terms of the $5.2-million agreement, the new tenant will move into its new location in January 2004.
SAN DIEGO-Entities of private investor Stephen J. Brown snap up the two-story office building that stands at 9555 Chesapeake Dr. in the city. The asset's largest tenant is the State of California's Department of Health Services.
SAN DIEGO-Voit Rolando Partners LLC, with Voit Development as managing partner, sells the Rolando Plaza Shopping Center retail asset to an entity of SCI Properties. Voit had purchased the center in September 1998 for $4.7 million.
SAN DIEGO-Eighteen new members have been elected to the Centre City Advisory Committee, which advises the Centre City Development Corp.'s board of directors, as well as the San Diego City Council, Redevelopment Agency and Planning Commission.
SAN YSIDRO, CA-An LLC shells out $18.3 million for the apartment complex, with plans to convert the units into condominiums. Known as Sunset Village, the property contains a mix of one-bedroom, one-bath designs and two-bedroom, two-bath floor plans.
SAN DIEGO-A fund overseen by Layton-Belling & Associates acquires the 101,590-sf office building from Bank of America in a sale-leaseback transaction. Bank of America currently occupies 50% of the facility.