SAN DIEGO-According to research by Burnham Real Estate Services, San Diego County's office market posted a steady fourth quarter for 2002, with 627,000 sf of net absorption. The 2002 net office absorption at 1.6 million sf outpaced the previous year's figure of one million sf.
OCEANSIDE, CA-San Diego-based Pan Pacific Retail Properties Inc. pays $5.5 million to Crown Realty for Oceanside Crossing, an 88,000-sf, grocery-anchored retail complex.
SAN DIEGO-Jones Lang LaSalle and the National Football League complete renovation work on a community center here, which is part of the NFL's Youth Education Town Center program.
SAN DIEGO-Mary Lynn Merz, DDS and OD, inks a 10-year lease for 2,215 sf of office space in the Champions of the West Tower. She has already moved into the space, which is being used as an orthodontist's office.
CARLSBAD, CA-GDC Group Inc. acquires the class A facility from Pacific Carlsbad Partners LLC. The property, which encompasses 6,360 sf, is located in the Carlsbad Research Center.
SAN DIEGO-According to recent research on the region by Burnham Real Estate Services, the San Diego industrial market is already on the road to recovery with a vacancy rate of 7.4%. This figure marks the lowest vacancy level since 1997, the report says.
SAN DIEGO-Locally based Preferred Employers Insurance Co. inks a five-year lease for office space at Pacific Center I. The transaction is valued at $2.3 million.
SAN DIEGO-San Diego County Credit Union acquires the 103,000-sf flex facility from Applied Micro Circuits Corp. It plans to relocate to the Sorrento Mesa building from its current headquarters at 9985 Pacific Heights Blvd.