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SD Real Estate Roundup

Architecture School Offers New Graduate Program

NewSchool of Architecture and Design and selected professionals in the construction management industry have announced the development of a new graduate program, Master of Construction Management.

The school has remained steadfast in its mission to help students and those currently in the construction industry meet the growing and specialized demand for management-level personnel.

The developers of the construction management program included members from NSAD; Laureate International Universities, a network that includes NSAD and 55 accredited campus-based and online universities; and selected industry experts. Together, they helped develop course curriculum and titles, suggested texts, learning objectives, and a list of subject matter experts that might advise in course development. Cumming Corp., an international project and cost management firm, was instrumental in the process by providing localized, strategic guidance with executive Derek Hutchison as a subject matter expert for the Program Summit.

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“I have been continually impressed with NSAD’s vision of creating a program relevant to today’s dynamic construction industry,” said Hutchison, executive vice president for Cumming and one of the founding members of NSAD’s construction advisory board. “With a syllabus rooted in sustainability, leadership, and creativity, we feel this program will give NSAD graduates the competitive edge to pursue leadership roles in the construction industry. It’s an honor to serve as an adviser to NewSchool on their new Construction Management program.”

The curriculum, which begins in fall 2011, integrates sophisticated construction technology with management, business planning and professional practice. The Master of Construction Management program is the college’s first program offered entirely online and is designed utilizing integrated media so that students can advance their career without interruption. With educators readily available to students, NSAD hopes to prepare students for the opportunities and challenges the construction industry has to offer.

As part of the program, several courses offered include Commercial Design and Construction Methods, Implementing Building Information Modeling, and Leadership Challenge in Construction Management. The entire program can be completed in one year.

Construction Starts on Residential Units at Civita

Circa 37, a 306-unit apartment project, is currently under way in the Creekside District of the Civita master-planned community in Mission Valley.

Located on 10.6 acres near Highway 163, Circa 37 is scheduled to open in early 2012, according to Wermers General Contractors. Wells Fargo is providing financing for the project.

The project architect is McLaren Vasquez of Irvine and the civil engineer is Rick Engineering Co. of San Diego. Vice President Barry Weber is leading the Wermers team on this project with Mark Fassler as project manager, Sergio Acuna as superintendent and Jessica Gaddis as site coordinator.

Local Contractor Completes Riverside Medical Building

Barnhart Balfour Beatty of San Diego has completed construction of the $36 million School of Medicine Research Building for UC Riverside. This is the first building for the new UCR School of Medicine, which will become the first public medical school in California in more than 40 years.

The three-story, 60,000-square-foot building incorporates laboratory environments for biomedical research and flexible support spaces for imaging and instructional needs. The project will qualify for Leadership in Energy and Environmental Design Silver sustainability certification, meeting the standards set by the U.S. Green Building Council, and will be the first LEED-rated building on the UCR campus.

Projected to enroll its first class in August 2013, the UCR School of Medicine will be turning out as many as 100 medical school graduates a year.

Owner of Allied Plaza Secures $15.5M Refinance

HFH Ltd., the owner and manager of Allied Plaza in La Mesa, secured a $15.5 million first deed trust refinancing, according to CoStar Group. Built in 1982, the seven-story, 136,454-square-foot office building at 7777 Alvarado is the largest office building in La Mesa and a prominent landmark in the greater East County area.

Major tenants include Borrego Springs Bank and National University. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq Capital through its correspondent relationship with Wells Fargo’s commercial mortgage backed securities platform.

Rancho Bernardo Office Condo Sells for $1.13M

According to CoStar Group, the 7,165-square-foot office condo unit located at 11717 Bernardo Plaza Court in San Diego sold for $1.13 million, or about $158 per square foot. The unit is on the ground floor of the two-story, 22,000-square-foot Rancho Bernardo Medical Plaza.

The buyer, Klein & Plattner LLC, will occupy the unit doing business as Total Vision Care Family Optometry. It will occupy approximately 5,000 square feet of space in the condo, and will lease out the remaining space.

Marc Posthumus and Eric Northbrook of Cushman & Wakefield Inc. represented the buyer in the deal. Brad Perry of Perry Commercial Real Estate represented the seller, California Bank & Trust.

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