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The San Diego office of Cushman & Wakefield reports that with three new leases, Chancellor Park, a Class A office and medical park, continues to attract tenants in the University Town Center area of San Diego (92121). Leases recently inked total 11,787 square feet and $4.18 million in value. The project totals 195,953 square feet in two, four-story buildings. It is located at 4510 and 4520 Executive Dr. Chancellor Park also features an on-site deli, fitness center with showers and structured parking.
Some of San Diego's top office markets might not improve for a while.
Matthew Reid, the incoming president of the San Diego Chapter of the National Association of Industrial & Office Properties, says while there has been a modest dip in membership, it has basically held its own.
A seven-unit apartment complex at 4554 Campus Ave., in San Diego, 92116, has been sold for $960,000.
A five-unit apartment property at 4745 Felton St. in San Diego, 92116, has been sold for $617,000.
A five-unit apartment property at 4462 Illinois St. in San Diego, 92216 has been sold for $570,000.
The first of 14 new buildings located at the Pacific Coast Business Park recently sold. The 5,244-square-foot building was purchased by MMG Enterprises for $681,720. The seller was AMB DFS Pacific Coast LLC.
There appears to be little argument over a second expansion of the San Diego Convention Center, but finding a way to pay for the $750 million-plus project is elusive.
A four-unit apartment property at 185 Stonyhurst Court Units A, B, C and D in Vista, 92084, has been sold for $545,000.
An eight-unit apartment complex at 2731 44th St., San Diego, 92105, has been sold for $510,000.
A 1,716-square-foot retail building on a 0.29-acre parcel at 8350 Miramar Mall No. 115, in San Diego, 92121, has been sold for $410,000.
A 14.6-acre agriculturally-zoned property at 818 Gem lane in Ramona, 92065, has been sold for $150,000.
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