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Tuesday, Feb 27, 2024

Fruits of College District’s Bond Measure Blossoming

The Grossmont-Cuya & #173;maca Community College District in El Cajon has been mining large chunks of Proposition R, the $207 million local bond measure, which was approved in 2002 to build new facilities and repair existing ones, with three major projects going on right now.

The most recent is the Digital Arts and Sculpture Complex, which broke ground at Grossmont College on Nov. 16. The two-building project includes a 5,400-square-foot building, featuring a metal and wood sculpture studio, a 3-D/jewelry-design area, an 8,000-square-foot work yard, a foundry, a welding room, a large exhibit area, and a 21,530-square-foot, two-story digital arts building that also will be home to the campus radio station and newspaper.

The other two projects are the $19.7 million science building and the $3.1 million entrance and road improvements, also at Grossmont; and a $34.1 million communication arts building under construction, as well as a $25.1 million science and technology mall, at Cuyamaca College. In February, ground is set to be broken for a $15.2 million student center.

Meanwhile, Della Elliott, a spokeswoman for the colleges, said Proposition R’s contractor outreach effort is heating up the local economy to the tune of $43.5 million overall and $18 million for East County firms, since the first series of bonds were sold in 2003.

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Big Deals: Investment fund advisers Legg Mason Real Estate Services has acquired a 72,479-square-foot office building in Sorrento Mesa from L & B; Realty Advisors, Inc., for $18.7 million.

The three-story, Class A building at 5505 Moorehouse Drive is leased to a single tenant, Texas Instruments of San Diego.

Brian Driscoll, Ty Moffatt and John Hale of Colliers International in San Diego brokered the deal.

HarleyEllis Corp., a Michigan-based design and engineering firm, and Fields Devereaux Architects & Engineers, based in Los Angeles with offices in San Diego, have announced plans to merge. Effective Jan. 1, the organization will be known as Harley Ellis Devereaux.

Projected 2006 revenue for the merged firm is $70 million, placing it in the upper tier of the nation’s top 500 architecture/engineering firms, based on recent 2005 Engineering News-Record rankings.

The Encinitas and Carlsbad Professional Association has purchased a building at Siempre Viva Business Park on Otay Mesa from Siempre Viva Business Park East, LLC, with Murphy Development Co. as the managing member, for $14.2 million.

The fully leased 115,290-square-foot corporate industrial building is home to US Joiner, a National Steel & Shipbuilding Co. subcontractor, Mattel, Inc., and the corporate headquarters of Murphy Development Co., as well as the 5,000-square-foot marketing center for Siempre Viva Business Park.

The buyer was represented by Jim Ashcraft of Ashcraft Investments, and the seller, Siempre Viva Business Park East, LLC, was represented in house by Murphy Development Co.’s Hack Adams, director of marketing.

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Waste Not: Del Sur, a new master-planned community now under way in North County, is diverting up to 90 percent of its solid waste from the region’s landfills.

“This is the first comprehensive construction recycling program in San Diego County,” said Fred Maas, the president of Black Mountain Ranch, LLC, Del Sur’s developer.

The program is based on guidelines from the U.S. Green Building Council, he said. The waste material is deposited in four color-coded bins at each collection site and placed in front of every one to five homes, depending on the volume of material being generated. The three-cubic-yard bins are identified for specific materials, some of them reusable , tapping a market for recyclables.

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Kudos: H.G. Fenton Co. was recently honored with 17 awards at the San Diego County Apartment Association’s 12th annual Mark of Excellence awards program, which recognizes the “best of the best” in the local multifamily housing industry.

Fenton, whose portfolio includes 11 residential communities, received the awards in recognition of its professionalism and leadership in the rental housing industry.

Send residential and commercial real estate news to pbroderick@sdbj.com or via fax at (858) 571-3628.


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