SAN DIEGO-Westcore Industrial Properties acquires REMEC's business campus, which is located in San Diego's Kearny Mesa area. The transaction will allow REMEC to retire its existing synthetic lease against the property.
SAN DIEGO-The owners of One America Plaza take high-tech tenancy to a new horizon by installing a common, agnostic network in the trophy office tower that will allow it to offer gigabit network speeds at a low cost.
INLAND EMPIRE, CA-In a sure mark of growth for the Inland Empire's manufacturing sector, the local Purchasing Managers' Index rose to 51.1% in April from 49.8% in March, which can only mean a boost for the area's industrial market.
SAN DIEGO-Bond Street Capital provides the permanent financing for the property, known as L Street Self Storage. The newly constructed facility, which is located on L Street, contains 780 units.
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.