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Saturday, Sep 24, 2022

Aussie Software Firm Altium Signs Lease for Space in Carlsbad

Software firm Altium Inc. has signed a 60-month lease valued at $2.8 million for 17,000 square feet of office space on Greyhawk Court in Carlsbad.

The Australia-based Altium is a developer of hardware and software to help electronics engineers develop electronics systems and products.

The office will serve as the company’s U.S. headquarters and site of Altium’s sales and support for North and South America.

Mike Stipe, vice president of sales in the Americas, said the company had outgrown its space in Rancho Bernardo, and needed a site that could accommodate growth during the next two to three years.

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“In order to continue to attract the best and the brightest, we selected Carlsbad because it is an acceptable commute for candidates from the San Diego area, as well as Orange County,” said Stipe. “In addition, the new building meets our need for today and has room for future expansion.”

Fifty employees work out of the current office. The new office will accommodate 90 workers.

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Kaiser Office Opening In Oceanside:

Kaiser Permanente has signed a lease for 8,200 square feet in Oceanside’s Ocean Ranch Corporate Centre.

Kaiser said this new medical office planned for the site would improve convenient access to family-centered medical care in fast-growing North County.

The new center is anticipated to make it easier for members to receive services in a location convenient to their work and homes.

Services will include primary care, pediatrics, laboratory, radiology and the services of a pharmacy. The facility, scheduled to open in September, will be staffed by six physicians.

Ocean Ranch Corporate Centre said it is now 60 percent leased and home to 100 tenants. At build-out, the business park will feature 4.5 million square feet of space valued at $2 billion.

Ocean Ranch is expected to generate $12 million in property taxes and $4 million in fees for the city, according to Stirling Enterprises, a Foothill Ranch real estate development company.

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Hotel Del Condos Sell Quickly:

The Hotel del Coronado has already sold more than half of the resort’s first whole-ownership, limited-term-use beachfront condominiums. Beach Village at The Del is a 35-unit project consistent with the architectural style and amenities at the Hotel Del and on its grounds.

Beach Village owners can use their property for up to 90 days a year, with up to 25 days of use in a 50-day period. When owners do not occupy their units, they will be available for rent.

Starting at just under $2.5 million, the two- and three-bedroom units are fully furnished. Construction is estimated to be finished in July.

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Management Firm Gains Local Clients:

Professional Community Management of California Inc. said it landed five new clients in San Diego County last month.

PCM was selected to manage Crown Bay Homeowners Association, which represents the 89-unit mixed-use marina district projects and is home to Fleming’s Prime Steakhouse.

With headquarters in Lake Forest, PCM will manage Steele Canyon Estates Homeowners Association, a 172-unit development in Jamul; Las Brisas, a 186-unit development in Rancho Bernardo; Rancho del Ray Estates Homeowners Association, a 68-unit development in Chula Vista; and San Miguel III Homeowner Association, a 56-unit community in Oceanside.

Professional Community Management manages nearly 80,000 units in 212 community associations, representing real estate worth $40 billion.

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Credit Union Moves To Kearny Mesa:

San Diego-based North Island Financial Credit Union has sold its two-story multi-tenant commercial building on Boswell Road in East Lake for $27.4 million to Veralliance Properties Inc.

Veralliance is a San Diego real estate business specializing in the acquisition and development of office, life science and self-storage property. It also offers construction, property management and facilities management.

North Island is planning on vacating the building within 24 months to relocate to its new six-story corporate headquarters to be built in Kearny Mesa.

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International Energy Firm Arrives In Carlsbad:

There was more good news for Carlsbad on the business front.

SunTechnics Energy Systems Inc., the U.S. division of renewable energy engineering and installation company SunTechnics, opened an office in Carlsbad last month.

Regional Manager Marcus Maedl said his San Diego County team expects to play a crucial role in the development of the business as it expands in Southern California.

During the past two years, SunTechnics, a Germany-based international company, has launched subsidiaries in the United States. It has offices in Sacramento, Portugal, Australia, Singapore and South Korea.

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Escondido Gets More Office Space:

Construction is complete for a new commercial office building on Pacific Oaks Place in Escondido. The $3.9 million project is owned by electrical contractor Baker Electric Inc.

Send real estate news to Michelle Mowad at


. She may also be reached at (858) 277-6359, ext. 3112.


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