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Real Estate Column
San Diego’s BioMed Realty Trust Inc. has not announced the tenants for its long-planned, $190 million life-science lab and office campus called i3, which recently broke ground at University Towne Center. But the trends in recent brokerage data suggest the company shouldn’t have much trouble filling up the 316,000-square-foot project.
Bread of Life Church has purchased an office building in San Diego’s Miramar neighborhood for $3.2 million, with plans to convert the property for a church and related operations, according to Voit Real Estate Services.
Store Capital of Scottsdale, Ariz., has purchased a Mission Valley retail building housing the restaurant Dave & Buster’s for $11.9 million, according to real estate advisory firm Faris Lee Investments, which represented the buyer and seller.
ClosingCorp, a provider of real estate closing cost data and technology for the residential real estate industry, announced Dan Mugge as its new senior vice president of program development.
A San Diego entity recorded as 15 North LLC has purchased an Escondido industrial property known as Simpson Business Park for $7.3 million, according to brokerage company Lee & Associates, which represented the seller.
Revenue at Realty Income Corp. rose 19.6 percent in 2014, reaching $933.5 million, as net income available to common stockholders increased 11.7 percent from 2013, totaling $227.6 million, the Escondido-based company reported.
The newly opened San Diego office of commercial brokerage firm Kidder Mathews has added four experienced brokers to its roster, including three more who switched over from the local office of Cushman & Wakefield Inc.
A Beverly Hills entity recorded as 3055 Del Sol LLC has purchased an industrial building in Otay Mesa West for $4.95 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.
Lincoln Property Co. has purchased a two-building office and industrial park in Carlsbad for $11.9 million, the Dallas-based investment and development firm announced.
Wood Family Trust has purchased an 18-unit apartment property in Fallbrook for approximately $2 million, according to brokerage company Colliers International, which represented the buyer.
Glenn L. Goldman Family Trust has acquired a 12-unit Oceanside apartment property for $2.5 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.
The San Diego office of general contractor Level 10 Construction was recently chosen to perform extensive renovations of two buildings at the University of San Diego in Linda Vista, and one at the University of California, San Diego in La Jolla.
The Bird Rock area, specifically the area west of La Jolla Boulevard, is the southernmost part of coastal La Jolla bordering northern Pacific Beach.
PROPERTY: Costs Of Attractions Range From $40M to $200M
Questions over timing and priorities came to the fore as port commissioners reviewed five proposals to put Ferris wheel or observation tower attractions on the downtown San Diego waterfront.
An entity recorded as 3590 CDRN LLC has purchased a Mission Valley office building for approximately $2.8 million, according to brokerage company Cushman & Wakefield Inc., which represented the buyer and seller.