SAN DIEGO, CA-Liz Mullarkey, Trustee of the Mullarkey/Brys Trust, acquires the 17,077 sf of industrial space, which is located in 4S Ranch Corporate Park. She plans to use the newly purchased space as a gymnastics studio.
SAN DIEGO-Allen Properties snaps up the 142-unit complex, known as Rose Garden Apartments. Located at 2945 S. Sultana Ave., the property was built in 1987. It was 96% occupied at the time of sale.
SAN DIEGO, CA-Framing commences at Market Square Manor, a 200-unit affordable senior housing complex that is rising at Island and Market in Downtown San Diego. Slated for completion in mid-2003, the project will include a park, industrial kitchen, library, media rooms and laundry facilities.
SAN DIEGO, CA-Harsch Investment Properties snaps up yet another San Diego industrial property with the acquisition of Loma Business Center, a 247,000-sf project located in the city's Miramar area. The purchase marks Harsch's third San Diego industrial buy in the past month.
TEMECULA, CA-Keeton Construction Co. Inc. completes tenant improvement construction for Pacific Century Homes' $1.05-million corporate headquarters in Temecula. The project entailed building a mezzanine with space to accommodate 27 new offices.
SAN DIEGO, CA-The average occupancy rate of San Diego County's multifamily product remained at 96% in the third quarter of this year, according to a recent report on the region. The research also concludes that the occupancy level here has not dropped below 95% in the past two years.
SAN DIEGO-Court Carlyle, a San Diego apartment property, fetches $1.3 million from buyer Four Points Investments. Constructed in 1960, the multifamily complex stands at 737 60th St. The sale is the latest in a string of apartment transactions to close in the San Diego region, as investment interest here continues to grow.
SAN DIEGO, CA-Kilroy Realty Co. sells the 46,634-sf office facility to CAPL Building LLC. The buyer plans to occupy the majority of the building, which is currently vacant. The San Diego County office market is currently on the rebound, as the region's office market experienced 680,110 sf of net absorption in this year's second quarter.
SAN DIEGO, CA-The 76,000-sf build-to-suit development within the Mission Valley Heights business park has been leased for 20 years by The Art Institute of California, which will use the space for its San Diego campus. The developer is H.G. Fenton Co.
SAN DIEGO, CA-An LLC pays $1.5 million for the property, known as Monroe. The nine-unit apartment complex, which is a condo conversion, stands at 2230 Monroe Ave. in San Diego.