Unlike the current site of the (former) Qualcomm Stadium, the existing Riverwalk golf course in Mission Valley appears to have a clear vision now gradually taking shape for its next life — politics-free, at least at the outset.
San Marcos-based Creative Electron Inc., which makes X-ray machines, plans to occupy an industrial property there that it recently acquired for $3.2 million.
The scale of development that is happening just a few miles west of Interstate 15 out Rancho Bernardo Road is stunning. Once past the fully developed 4S Ranch community, there is a proliferation of new housing development — some sold out, some in process. In addition, there’s new shopping centers, schools and community centers nearly all the way to the borders of Rancho Santa Fe and Fairbanks Ranch.
PROPERTY: Trends in E-Commerce, Manufacutring Drive Down Vacancy Rate
When it comes to rising industrial space demand in San Diego’s Otay Mesa region, some of the biggest movers are logistics companies focused on moving things around for their corporate customers.
Bassett Home Furnishings is the latest furniture seller to spread its footprint in the San Diego market. According to broker Shirley Kanamu of Pacific Coast Commercial, who represented local licensee Furniture & Accessory Retail Group Inc., a 12,440-square-foot Bassett retail store is planned at La Jolla Village Square, 8657 Villa La Jolla Drive. CBRE Group Inc.’s Reg Kobzi represented the center landlord in the $3.9 million lease deal.
San Diego’s RAR Hospitality, led by Robert Rauch, in coming months will be overseeing a $1 million “refresh” of Carlsbad by the Sea Resort, after recently obtaining the management contract for the 150-room independent, boutique-style hotel at 850 Palomar Airport Road. Rauch’s company owns or manages several hotels in Southern California, Arizona and Colorado.
San Diego has seen older office and industrial buildings “going under the knife” for cosmetic and competitive reasons for the past several years, especially in places like Sorrento Mesa, Sorrento Valley and University Towne Center.
BUILDING: Co.’s Revenue Grew 500% to more than $284M in two years
Seven years ago, Derek Davis was watching the world’s best golfers play on perhaps the world’s most beautiful golf course on a quintessentially California summer day in Pebble Beach.
An Encinitas buyer listed as 2659 State Partners LLC has acquired a multi-tenant office and retail property in the Carlsbad Village area for $2.7 million.
San Diego buyers Nick Totah and Ronnie Insalaco have acquired a 17-unit apartment property in the City Heights submarket for $2.91 million.
NEJ Properties LLC of La Jolla has purchased a 38-unit apartment complex in Imperial Beach for $6.72 million.
San Diego City Council has voted down zoning and related permit approvals that would have cleared the way for development of the proposed $160 million Legacy International Center in Mission Valley.
San Diego-based Mar Village II LLC has acquired a 35-unit apartment property in Chula Vista for $6.15 million.
Noel Family Trust of San Diego has purchased a 13-unit apartment property in La Mesa for approximately $5.92 million.
San Diego was the nation’s fourth-busiest city for short-term stays booked through Airbnb during the summer of 2017, the San Francisco-based company reported.
Irvine Co. of Newport Beach has acquired the two-building Township 14 office property in Del Mar Heights, marking its first acquisition in that submarket of San Diego’s Carmel Valley.