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Deluxe M-F Complex Kicks Off Leasing in Mission Viejo

Deluxe M-F Complex Kicks Off Leasing in Mission Viejo

Wermers Properties and Watermarke Properties recently announced that leasing is now underway at one of their San Diego projects. The joint venture is now ready to receive potential tenants at its Adagio on the Green luxury apartment development, now that the project is nearing the final months of construction. The…

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UCSD Awards Big Contract for La Jolla Project

UCSD Awards Big Contract for La Jolla Project

General contractor Rudolph and Sletten Inc. was recently awarded an important preliminary contract for the development of a medical facility for UC San Diego Health Services in La Jolla. The company is now set to start work on an outpatient pavilion, with the contract set at around $78 million, and…

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TIAA-CREF Takes Kearny Mesa Office Asset

TIAA-CREF Takes Kearny Mesa Office Asset

The Copley Corporate Center in the Kearny Mesa submarket recently traded hands. The Class A office asset was acquired by leading retirement provider TIAA-CREF through affiliate T-C Copley LLC. The investor reportedly paid seller Colony Realty Partners a fee of $43.5 million for the office complex. The deal was arranged…

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MetLife Acquires First Allied Plaza for $150M

MetLife Acquires First Allied Plaza for $150M

MetLife Inc. has recently completed the acquisition of a downtown San Diego office tower for a reported purchase fee of $156.8 million. The San Francisco office of the insurance giant is now the new owner of First Allied Plaza in San Diego, after it acquired the property from seller Lone…

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Hines, Oaktree Buy Carlsbad Office/R&D Property

Hines, Oaktree Buy Carlsbad Office/R&D Property

A Carlsbad, CA office/R&D asset recently traded hands as international real estate firm Hines moved to acquire the property along with a real estate fund managed by Oaktree Capital Management, L.P. The transaction for the property was completed for an undisclosed amount, and arranged by Greg Mills, Michael Lawrence, Ben…

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Polidev Investments Acquires Office/MOB Asset in University Town Center

Polidev Investments Acquires Office/MOB Asset in University Town Center

Polidev Investments Inc. recently completed the acquisition of a San Diego office and medical office campus located in the city’s University Town Center submarket. Seller DivcoWest worked with real estate company HFF to market the property, with HFF also being responsible with closing the transaction. Polidev also worked with HFF…

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Chelsea Investment, Westminster Manor Plan $12.5M Makeover of Downtown Seniors High-Rise

Chelsea Investment, Westminster Manor Plan $12.5M Makeover of Downtown Seniors High-Rise

Westminster Manor, a San Diego affordable housing community for senior citizens, recently entered a brand new joint venture which will provide important financing for the property. Colliers International broke the news that Chelsea Investment Corporation was selected as the new partner in the newly created Westminster Manor LLC. Westminster Manor…

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San Diego Office Sales Heat Up as End of Year Approaches

San Diego Office Sales Heat Up as End of Year Approaches

The San Diego office market is a hotbed for smaller transactions, with the last couple of weeks recording a large number of deals that signal investors are scrambling to wrap up deals before the end of Q4. Deals in submarkets such as Rancho Bernardo, Carlsbad, Mission Valley and Kearny Mesa…

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Colliers’ Carlsbad Teams Wrap $11M in Industrial, M-F Sales

Colliers’ Carlsbad Teams Wrap $11M in Industrial, M-F Sales

Colliers International recently announced the completion of two separate real estate deals in the greater San Diego area that have gained a combined total of $11 million. It was recently announced that a multi-tenant industrial building and a 16-unit multifamily property were acquired by PacVentures, Inc. and San Diego Heritage…

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Pechanga Resort & Casino in Temecula to Get $285M Expansion

Pechanga Resort & Casino in Temecula to Get $285M Expansion

The owners of the Pechanga Resort & Casino in Temecula, CA is set for a major expansion as the Pechanga Band of Luiseño Indians recently revealed plans for a major investment. Plans call for around $285 million luxury four-diamond hotel wing that would greatly expand the potential of the resort.…

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Northrop Grumman Renews Lease at Kearny Mesa Campus

Northrop Grumman Renews Lease at Kearny Mesa Campus

Northrop Grumman Systems Corporation, one of the largest companies in the entire country, recently completed a leasing deal that will keep the entity at its current home in the Kearny Mesa submarket of San Diego. According to the local office of Colliers International, the company has renewed its lease for…

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Financing In Place for Gaslamp Quarter Hotel, Montage’s 1st Pendry-Branded Property

Financing In Place for Gaslamp Quarter Hotel, Montage’s 1st Pendry-Branded Property

Construction financing for a new Montage-branded hotel in San Diego is finally in place. George Smith Partners recently announced that the firm has arranged around $95 million in funding for a partnership consisting of The Robert Green Company and Montage Hotels & Resorts. The venture is planning a brand new…

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