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NEWS
The commercial real estate market still has a way to slide before it hits bottom, a group of industry professionals said during a recent roundtable at The Daily Transcript offices.
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Wall Street Plaza in the village of La Jolla has signed two new leases totaling $5.4 million and more than 22,500 square feet, according to the Cushman & Wakefield Urban Property Group. The leases by Mike's La Jolla and Panera Bread are valued additions to the center, which last year saw the departure of the popular Jack's La Jolla restaurant and bar.
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A 73,398-square-foot light industrial building on a 10-acre parcel at 4181 Ruffin Road in San Diego, 92123, has been sold for $16.48 million.
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A 6.97-acre avocado orchard and a 2,901-square-foot building at 10082 W. Lilac Road in Escondido, 92026, have been sold for $579,090
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Three multi-family units at 620-622 S. Kalmia St. in Escondido, 92025, have been sold for $302,000.
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Four residential units have been sold at 12620 Julian Ave. in Lakeside have been sold for $300,000.
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Four residential units at 6458 Sullivan Ave. in the Encanto area of San Diego, 92114, have been sold for $280,000.
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Three residential units 2162-64 National Ave. in San Diego, 92113, have been sold for $140,000.
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San Elijo Hills reports that Lennar has sold seven energy-efficient homes in Terraza, since the new neighborhood opened last month. The two-story homes range from 2,182 to 2,721 square feet and feature an extensive package of energy-saving features, including a SunPower solar system. Homes in the first phase are priced from the mid $500,000s. Terraza at San Elijo Hills is Lennar's (NYSE: LEN) latest all-solar neighborhood, offering three floor plans and a range of architecture that reflects Spanish Colonial, French Country, Craftsman and Prairie styles. The sales office is located at Wild Canyon Road and Festival Road in San Marcos.
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For those who qualify, homebuying and mortgage refinancing are more attractive than they’ve been in decades.
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BUSINESS NEWS

In The News

July 30, 2010, 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

Interview with Lorne Polger

July 28, 2010 -- Lorne Polger, managing director of Pathfinder Partners, talks with George Chamberlin about the distressed property market.

Interview with Alejandra Mier y Teran, Mark Watton

June 22, 2010 -- Executive Editor George Chamberlin speaks with Alejandra Mier y Teran, executive director for the Otay Mesa Chamber of Commerce, and Mark Watton, general manager of the Otay Water District, about the South County region.

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South County Lifestyles - 2010

Read about the exciting progress, future development, business leadership and revitalization efforts taking place in the South County.




Top 5 Homesales

10-0373613 - The duplex at 1455 Caudor St #1, Encinitas, CA 92024, was sold on 7/29/2010 at a tax value of $710,000.00 by Judy Stiles, successor trustee, to M.B. Shores Corp 254-412-05 7/28/2010
10-0378962 - The house at 8523 Aquarius Dr , San Diego, CA 92126, was sold on 7/28/2010 at a tax value of $360,000.00 by HSBC Bank USA, N.A., trustee, to Daymon C. Beach and Muneera A. Beach 309-111-03 8/2/2010
10-0379000 - The condo at 583 Charlotte Dr , San Marcos, CA 92069, was sold on 7/28/2010 at a tax value of $218,000.00 by VOS Real Estate, Inc. to Richard A. Martinez 220-350-16-01 8/2/2010
10-0379063 - The house at 533 Ballantyne St , El Cajon, CA 92020, was sold on 7/28/2010 at a tax value of $169,000.00 by Deutsche Bank National Trust Co., trustee, to JBM Enterprise, LLC 483-351-27 8/2/2010
10-0379760 - The house at 1636 Promontory Ridge Way , Vista, CA 92081, was sold on 7/28/2010 at a tax value of $319,000.00 by Cornell A. Payne and Jackie Payne to Ben M. Ran and Lillian W. Ran 169-445-15 8/2/2010
Last Updated 7/29/2010

Leasing Notes

Industrial Maintenance Supply Inc. (Jim Spain and Josh McFadyen of Colliers International) has leased 1,200 square feet of industrial space at Creekside Business PArk 2105 Camino Vida Roble, Suite D, Carlsbad, CA 92008 from Josepho Properties (Spain and McFadyen). The property was leased for 36 months at $40,056.00 and will be used for shop space and storage. 7/30/2010
In-California, Inc. (Bob Willingham of Coldwell Banker Commercial) has leased 2,759 square feet of industrial space at 3516 Seagate Way, Suite 120, Oceanside, CA 92056 from Rock-Sea LLC (David Onosko and Ron King of Coldwell Banker Commercial). The property was leased for 13 months at $25,824.24. $0.72 gross 7/28/2010
Brass Locomotive, LLC (Kevin Meissner of Cassidy Turley/BRE Commercial) has leased 2,482 square feet of industrial space at Sycamore Pointe Business Park 1315 Hot Springs Way, Suite 104, Vista, CA 92081 from Rowland Heights, LLC (Bob Willingham and John Witherall of Coldwell Banker Commecial). The property was leased for 36 months at $64,333.44. $0.72 gross 7/28/2010
Martin Benowitz (Brian Ffrench of Tenant Consulting Services) has leased 1,686 square feet of office space at Carlsbad Commerce Center 2231 Faraday Ave., Suite 150, Carlsbad, CA 92008 from Carlsbad Commerce Center LP (Jon Walters, Greg Lewis and Josh McFadyen of Colliers International). The property was leased for 58 years at $112,215.07. 7/28/2010
urum Assembly Plus Inc. (Arnie Friedman of Colliers International) has leased 6,406 square feet of industrial space at 8827-31 Miralani Drive, San Diego, CA 92121 from R.J. Land Company L.P (Friedman). The property was leased for 36 years at $207,540.00 and will be used for manufacturing of electronics. 7/28/2010
Last Updated 7/30/2010

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REAL ESTATE CALENDAR
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Symbol:
U.S. MARKETS
Last Updated 7/30/2010
DOW: 
10400.86 
-66.30
Nasdaq: 
2242.01 
-9.68
S&P 500: 
1094.87 
-6.66
NYSE: 
6959.13 
-35.44
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