San Diego Business Journal

Real Estate Progress Report

Sales

Property: 10525 Vista Sorrento Parkway

Seller: CarrAmerica Realty Corp.

Selling agents: Bill Cavanagh and Tony Russell of BRE Commercial/NAI represented the seller. Tim Winslow of BRE Commercial/NAI represented the buyer.

Buyer/square footage: Transportation Properties purchased a 62,194-square-foot office building for $9.53 million.

Property: Parcel west of Old Ranch and Rockwood roads, Escondido

Seller: Mutual Assets No. 6 Ltd.

Selling agents: Terry Jackson of Burnham Real Estate Services represented the seller and the buyer.

Buyer/square footage: New Urban West Inc. purchased a 130-acre parcel of land for $4 million.

Property: 4461 Park Blvd., San Diego

Seller: The Eric Macy Trust

Selling agents: Allen Chitayat of ACI Commercial represented the seller. Mark Morgan of ACI Commercial represented the buyer.

Buyer/square footage: Mystic Partners, LLC purchased a seven-unit apartment property for $956,500.

Property: 40685 Deluz Murrieta Road, Fallbrook

Seller: Dr. & Mrs. Kim

Selling agents: Gina Rawson of REMAX represented the seller. Patrick Miller of Lee & Associates represented the buyer.

Buyer/square footage: Mr. & Mrs. Cerny purchased a 41-acre parcel for $775,000.

Property: 2633 C St., San Diego

Seller: Oded and Donna Light

Selling agents: Jim Hendershaw of ACI Commercial represented the seller. Don Hawthorne and Doc Cass of ReMax Coastal represented the buyer.

Buyer/square footage: Catherine Thero purchased a six-unit apartment property for $625,000.

leases

Property: 970 Park Center Drive, Suite C, Vista

Lessor: Ruth F. Hayes and Charles L. Hayes

Leasing agents: Don Grant and Dave Steffy of BRE Commercial/NAI represented the lessor. Henry Zahner of Colliers International represented the lessee.

Lessee/square footage: Bionutritional Laboratories, Inc. signed a five-year, $617,784 lease for 17,424 square feet of office space.

Property: 5876 Owens Ave., Suite 120, Carlsbad

Lessor: Buie Lot 10 LLC

Leasing agents: Larry Strickland and Dan Gaston of Lee & Associates represented the lessor. Stacy Looney of Business Real Estate represented the lessee.

Lessee/square footage: SCS Flooring Systems signed a seven-year, $602,280 lease for 3,585 square feet of office space.

Property: 5202 Lovelock St., Suite B, San Diego

Lessor: Catalina Off Shore Products

Leasing agents: Michael V. Cullen of Walsh Financial Commercial represented the lessor. Jeff Abramson of BRE Commercial/NAI represented the lessee.

Lessee/square footage: Target Corp. signed a five-year, $554,400 lease for 13,714 square feet of commercial space.

Property: 13520 Evening Creek Drive N., San Diego

Lessor: Legacy Sabre Springs

Leasing agents: Jeb Bakke of CB Richard Ellis represented the lessor. Anthony Villasenor of BRE Commercial/NAI represented the lessee.

Lessee/square footage: Pacific Republic Mortgage signed a five-year, $512,884 lease for 3,313 square feet of office space.

Property: 3156 Vista Way, Oceanside

Lessor: Greene Properties

Leasing agents: Larry Strickland and Dan Gaston of Lee & Associates represented the lessor. The lessee represented itself.

Lessee/square footage: Optima Financial signed a four-year, $171,365 lease for 2,231 square feet of office space.

Property: 1914 W. Mission Road, Suites A and B, Escondido

Lessor: Carl Pinamonti

Leasing agents: Joseph McDermott of Coldwell Banker represented the lessor. Bill Haze of Lee & Associates represented the lessee.

Lessee/square footage: All Star Signs signed a five-year, $151,812 lease for 2,980 square feet of industrial space.

Construction Journal

Johnson & Jennings General Contracting is finishing a 13,995-square-foot tenant improvement and expansion project for the retail administration department of Washington Mutual in Rio San Diego Plaza at 8954 Rio San Diego Dr. in Mission Valley.

Owner: Rio San Diego L.P.

Space planner: Design Corp.

Subcontractors: Towne Construction, B & B; Acoustics, JJJ Floor Covering, Cal-Air, Qualtec Electric, Quality Paint & Wallcovering, McBride Doors, and Western Fire Protection.

Cost: $445,000.

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Pacific Coast Foam provided custom exterior architectural shapes and accents for the 150,000-square-foot Donald P. Shiley Center for Science and Technology on the University of San Diego campus in Linda Vista. It is the fourth USD building for which PCF has provided architectural accents.

General contractor: Rudolph and Sletten.

Architect: Carrier Johnson.

Engineers: Hope Engineering, Latitude 33, Michael Wall Engineering, GEM Engineering, and Johnson Consulting Engineers.

Landscape architect: Van Atta Enterprises.

Subcontractor: Plastering Specialties.

Cost: Unavailable.

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Swinerton Builders has completed construction of Doma, a 121-unit, 265,000-square-foot condominium project in Downtown San Diego's Little Italy neighborhood. The project included one eight-story loft building and a four-story townhome building.

Developer: CityMark Development.

Architect: Martinez + Cutri Corp.

Cost: Unavailable.

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T.B. Penick & Sons General Construction is building a new visitors center, gift shop, and 12 guest retreat units at the Prince of Peace Abbey in Oceanside. The project will be completed in September.

Architect and project manager: Jerry Brewer.

Subcontractors: F.J. Willert Contracting Co. Inc., Performance Concrete, L. Faber Masonry, D.A. Whitacre Construction Inc., Murray Cabinet & Fixture, Division 8 Inc., Primary Colors, Ampam Commercial, Hogue Piping Corp., Fitzpatrick Electric.

Cost: $1.6 million.

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Send news of contract awards and construction commencement and completion for the Construction Journal to Mandy Jackson at mjackson@sdbj.com. Please include contractor, square footage, and construction cost.


Local Firm to Monitor State School Construction Program

Gafcon Inc., a San Diego-based construction consulting firm, was approved by the California Department of Industrial Relations to monitor labor compliance programs for statewide school construction projects paid for with Proposition 47 funds.

Proposition 47 is a $13 billion matched-fund bill for school improvements that was approved by California voters in November of 2002.

It helps school districts, colleges, and universities to build new facilities and renovate older buildings.

From 2003 to 2007, $1.65 billion provided by the state for $4.4 billion in higher education projects is expected to create 250,000 new jobs in California. To receive Prop. 47 funding, schools have to implement and monitor labor compliance programs.

"(This) represents the first time in state history that monitoring requirements have been tied to a public agency's access to bond money," said Rhonda Boudrie, labor compliance officer for Gafcon.

"LCP monitoring ensures that contractors for these projects will be treated fairly because it provides universal, equal, and consistent enforcement that did not exist before," Boudrie added.