San Diego
Starwood Hotels Plans 140-Key Aloft for Rancho Bernardo
The growing tech submarket of Rancho Bernardo, an area of San Diego that has seen its profile raised over recent years is set to welcome one of the most exciting hospitality brands out there. Starwood Hotels & Resorts Worldwide recently announced the development of a new Aloft-branded hotel, set to open in 2016.
Starwood Capital Taps Cassidy Turley To Manage 1 MSF Office Portfolio
Cassidy Turley, a commercial real estate services company, is reaping some of the benefits of the monster office deal completed between Starwood Capital Group Global and Kilroy Realty Corporation. After the deal worth around $327 million was completed earlier this year, the new owner has already made the first change to the portfolio, by awarding the management contract for the 12 office assets to Cassidy Turley. The properties are located in two of San Diego’s best performing submarkets in terms of commercial real estate, four of them in Sorrento Mesa and the other eight in Rancho Bernardo.
Starwood Buys San Diego Office Portfolio for $327M
In two separate transactions, an affiliate of Starwood Capital Group Global has acquired 13 office properties totaling nearly 1.1 million square feet throughout the Sorrento Mesa and Rancho Bernardo submarkets of San Diego from Kilroy Realty Corp. for $327 million.
McCarthy Cook & Co. JV Buys 213 KSF Office Campus in San Diego
McCarthy Cook & Co. has teamed with AllianceBernstein U.S. Real Estate Partners on the acquisition of Canyon Plaza, a two-building, 213,000-square-foot office campus located in San Diego.
Starwood Capital Buys 1 MSF San Diego Office Portfolio
Starwood Capital Group closed 2013 with a bang by acquiring a portfolio of 12 office properties in San Diego from Kilroy Realty Capital for $295 million.
Math+Science Complex Completed at San Diego Mesa College
By Alex Girda, Associate Editor Last year ended with the completion of one of San Diego’s largest new educational facilities: the $109 million Math+Science Complex at San Diego Mesa College. Also the college’s largest project to date, the four-story facility will provide classrooms, laboratories, faculty space and administrative support space for science and mathematics students […]
Kearny Real Estate Grabs 232 KSF Downtown San Diego High-Rise
Kearny Real Estate Co. has acquired the Union Bank Building, a 232,098-square-foot office building at 530 B St. in downtown San Diego, from Union Bank N.A.
Lowe Wraps Third Phase of $500M County Campus in Kearny Mesa
Lowe Enterprises, a Los Angeles-based, national real estate investment, development and management firm recently announced a development milestone for its $500 million, County Operations Center project in the Kearny Mesa submarket of San Diego. The company has finalized development operations for the third phase of its office campus, specifically the new Registrar of Voters Headquarters.
Alliance JV Buys $160M Waterfront Property in Metro San Diego
A joint venture headed by Alliance Residential Co. has acquired the Coronado Bay Club, a 549-unit, garden-style waterfront apartment community in Coronado, Calif., for $160 million.
Ballast Point Brewing Inks 107,000-SF Lease with HG Fenton in Miramar
As the housing market in San Diego is doing better, the city’s industrial market is also seeing awareness brought to it. A major leasing agreement was recently completed for a facility in the Miramar submarket, as local company Ballast Point Brewing and Spirits is set to occupy the commercial property located at 9045 Carroll Way. The value of the agreement stands at around $16 million, making it one of the largest deals of its kind in San Diego this year. The agreement was brokered by Voit Real Estate on behalf of both the tenant and landlord HG Fenton.