SAN DIEGO-A partnership between The Shidler Group and The Praedium Group sells the 77,000-sf office building to an LP less than one year after buying it.
SAN BERNARDINO, CA-Private investor Gregg Sindici snaps up a San Bernardino retail building that has been currently completed. Encompassing a total of 2,363 it is currently occupied by the fast-food hamburger chain Jack in the Box.
OCEANSIDE, CA-The California public charter school will occupy an 18,587-sf facility in the CornerStone Office Park, according to the terms of its 10-year lease.
PALM DESERT, CA-La Jolla-based Scripps Investments & Loans Inc. has provided the financing, which will fund construction of 46 units; a 30,000-sf clubhouse; fitness center; pool; and other common amenities in the upscale continuing care retirement community located here.
MIRAMAR, CA-An LLC snaps up the 4.7-acre property with plans to build a self-storage facility on the site. The 200,000-sf proposed project is slated to open in the spring of 2004.
EL CAJON, CA-Ghassan Fares acquires the 38-unit property, which stands at 475-479 Graves and 303 E. Madison in El Cajon. The asset is part of a $7-million apartment portfolio that U.K. Capital has sold.
SAN DIEGO-Bella Via Associates LLC passes the halfway mark on construction of its 74,000-sf, mixed-use development. Rising at 1608 India Street in the city's Little Italy neighborhood, the Bella Via project will feature 42 condominium units; 3,700 sf of street-level retail; and an underground parking garage upon completion.
SAN DIEGO-The San Diego County industrial market has been unable to shake the recent trend of negative net activity that has plagued the usually healthy sector during the first half of this year. A recently released report on the region says it experienced more than 1 million sf of overall negative net absorption in the second quarter of 2003.
SAN DIEGO-The Centre City Development Corp. hires 20-year industry veteran Garry Papers as the organization's new manager of architecture and planning. Papers is replacing former manager Walter Rask.
SAN DIEGO-The San Diego County retail market continues to defy today's shaky economic climate, as mid-year research by BRE Commercial//NAI shows that vacancy rates have dropped from 5% to 4% regionwide.