Real Estate
NEWS
Chula Vista’s long-awaited waterfront development is expected to get final approval in the next three months and possibly have Nashville-based Gaylord Entertainment head development of a hotel and convention center once again.
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The 312-unit Las Flores apartment complex at 7039 Charmant Drive in the University Towne Centre submarket has been sold for $64.7 million -- or $207,371 per unit -- as part of a reported $169 million, four property portfolio sale.
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Brian Westre, an agent with Coldwell Banker's Rancho Bernardo office, has been named Realtor of the Year for 2011 by the San Diego Association of Realtors (SDAR).
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Cushman & Wakefield's Deborah Hunkeler, and Warren “Jay” Arnett, of Colliers International, represented the Deal of the Week lessee.
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Alabama Manor, a nine-unit apartment in University Heights at 4543 Alabama St. in San Diego 92116, has been sold for $1.13 million.
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The approximately 6,914-square-foot office building at 1134 N. Melrose Drive, Vista 92084, has been sold for $519,000, cash
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Quince Park Apartments, a 42-unit apartment complex at 710 N. Quince St. in Escondido, has been sold for $3.2 million.
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Average mortgage rates remained flat for the month of January, according to the LendingTree Monthly Mortgage Review -- which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.
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OTAY MESA -- The Otay Mesa industrial submarket had a vacancy of more than 3.4 million square feet through 2011, and prospects of leasing any major portion of that in 2012 are uncertain.
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The city of San Marcos announced Thursday it has received the environmental permits necessary to move forward with the San Marcos Creek District.
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BUSINESS NEWS

In The News

February 3, 2012, 5 p.m. -- San Diego's web video news: Today's breaking major business events, economic, and financial announcements from The Daily Transcript | San Diego Source newsroom.

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Real Estate Videos

Alan Nevin's housing outlook

Jan. 23, 2012 -- Alan Nevin, a principal with The London Group, talks about his 2012 real estate forecast report, his first mostly positive outlook in four years.

Steve Avoyer of Flocke & Avoyer on S.D. retail space

Jan. 17, 2012 -- Steve Avoyer, president and CEO of Flocke & Avoyer, talks with George Chamberlin about how the commercial real estate market, particularly retail space, has improved and changed over the past few years.

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Special Reports

Commercial Real Estate Report - 2012

This annual special report covers the top issues and concerns facing today's commercial real estate industry, as well as projections for the coming year.
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Leasing Notes

WJB Family Partnership (Bruce Sanders and Brian Mulvaney of Voit Real Estate Services) has leased 2,316 square feet of office space at 16644 West Bernardo Road, San Diego, CA 92128 from Gazdimski and Associates (Sanders and Mulvaney). The property was leased for 60 months at $391,011.47 and will be used for a law firm. 2/3/2012
BK Enterprises (Ty Moffatt of Colliers International) has leased 1,257 square feet of industrial space at 7010 Convoy Court, San Diego, CA 92111 from LBA Realty Fund III (Ryan Sparks of CB Richard Ellis). The property was leased for 36 months at $45,555.00. support functions for a commercial bakery equipment business 2/2/2012
Bastyr University (Brian Starck adn Dave Odmark fo Cassidy Turley BRE Commercial) has leased 19,300 square feet of industrial space at 4108 Sorrento Valley Blvd., San Diego, CA 92121 from Sorrento Valley Blvd., LP (Starck and Odmark). The property was leased for 10 years at $3,000,000.00 and will be used for the largest university for natural health arts adn sciences in the US, combining multidisciplinary curriculum with leading-edge research and clinical training.. 2/2/2012
Geneis Woodworking (John Witherall of Cushman & Wakefield) has leased 5,100 square feet of industrial space at 125 Market Place, Suite B, Escondido, CA 92029 from Fay Price Trust (Daniel Knoe and Peter Merz of Colliers International). The property was leased for 24 months at $80,748.00. PR-154065 2/2/2012
Law Firm of Morris, Sullivan and Lemkul, LLP (Dave Odmark of Cassidy Turley BRE Commercial) has leased 20,000 square feet of office space at Monarch Corporate Center 9915 Mira Mesa Blvd., San Diego, CA 92131 from Vinings Trace, LLC (Jeb Bakke, Tyler Gossett and Scott Kincaid of CBRE). The property was leased for 10 years at $7,500,000.00. office expansion 2/2/2012
Last Updated 2/3/2012

Soaring Dimensions

San Diego is building up again. Track the rise of commercial construction projects throughout the year.

Going Green

Keep up with the latest green products, buildings and businesses in San Diego.

REAL ESTATE CALENDAR
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U.S. MARKETS
Last Updated 2/3/2012 9:15 PM
DOW: 
12862.23 
+156.82
NYSE: 
8060.43 
+115.00
Nasdaq: 
2905.66 
+45.98
S&P 500: 
1344.90 
+19.36
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Top 5 Homesales

12-0052317 - The house at 2934 Oak Hill Dr , Escondido, CA 92027, was sold on 1/31/2012 at a tax value of $370,000.00 by Kenneth C. Bian and Kathleen M. Bian to Craig J. Bruneault 240-100-60 2/6/2012
12-0052347 - The house at 1687 Mustang Way , Oceanside, CA 92057, was sold on 1/31/2012 at a tax value of $327,000.00 by The Bank of New York Mellon, trustee, to Lori Thomas 157-771-33 2/6/2012
12-0052349 - The house at 7319 Golfcrest Dr , San Diego, CA 92119, was sold on 1/31/2012 at a tax value of $321,000.00 by Wells Fargo Bank, N.A. to Canter Da Fund I, LLC 371-150-06 2/6/2012
12-0052350 - The house at 4459 Pala Rd , Oceanside, CA 92057, was sold on 1/31/2012 at a tax value of $157,500.00 by Wells Fargo Bank, N.A. to Lindsey B . Green and Jeather K. Green 58-241-57 2/6/2012
12-0052352 - The condo at 1213 E Ave #E19, National City, CA 91950, was sold on 1/31/2012 at a tax value of $109,000.00 by Federal National Mortgage Association to Lucia M. Gomez 560-410-22-19 2/6/2012
Last Updated 1/31/2012

Newsmaker Videos

Scott Olpin of the Olpin Group on organizing workspaces

August 2011 -- Scott Olpin, president of Olpin Group, talks about his company's work to design and build shelving systems and Modular Millwork cabinetry for law firm, government and military, education and health care clients.



 
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