Category Archives: Lease

Renovation begins at landmark UTC office building

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Aventine1 Looking to update and transform Aventine, a Class A, 220,000-square-foot office building located on an 11-acre campus at 8910 University Center Lane in San Diego, Calif, Boston-based Rockpoint Group has started on a $6.6 million renovation of premier office project.

Designed by Gensler, the renovation at Aventine will include a new modern light and… Read More

San Diego suburban office 4th highest in the nation

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  • San Diego’s office inventory is the fourth most suburban in the nation, among the top 30 metros. Unsurprisingly, New York metro area has the highest percentage of urban office inventory in the U.S., followed by the Chicago metro area. Western metro areas claim five of the top six most
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Rising Rents and Industry Expansion Push Technology Firms To Key Growth Markets [REPORT]

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JLL reveals 21 U.S. locations, including San Diego, with ideal office cost and conditions for startups and tech sector

Even though Northern California is the cradle for the technology industry, Silicon Valley has matured beyond the garages from which it was born. According to JLL’s 2015 United States Technology Office Outlook, technology firms and startups aren’t just exploring new U.S. markets, they’re starting to plant roots.

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Q3 2015 San Diego Office Market Statistics: Rents continue to rise as absorption remains muted

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Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San… Read More

Aventine La Jolla Sold, New Owners See Room to Increase Value at Iconic Property

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Aventine1

In July, Boston-based Rockpoint Group LLC has purchased the iconic Aventine office building and adjacent restaurant/retail property from an affiliate of the Blackstone Group of New York. The new owner plans to make major renovations to the 238,979-square-foot, 11-story, LEED Platinum Certified office building and adjacent retail property, located in the University Towne… Read More

Verizon to Occupy More than 50 Percent of Enclave Sorrento

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110,000-square-foot lease for technology campus recently transformed into Class A office

Fortune 15-ranked power house Verizon, has secured 110,000 square feet of office space at Enclave Sorrento, a technology campus that recently underwent major renovation by California-based McCarthy Cook with New York- and London-based partner AllianceBernstein.*

The lease, negotiated by JLL’s Managing Director Chad Urie, Managing Director Tony Russell and Senior Vice President Tim Olson, brings the two-building, 213,000-square foot campus,… Read More

Q2 2015 San Diego Office Market Statistics: Rising rents and falling unemployment good news at mid-year

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Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San… Read More

JLL’s Agency Leasing Team leads San Diego in Top CRE Leases

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JLL’s Agency Leasing Team leads San Diego in Top CRE Leases; as noted in the San Diego Business Journal’s “Top Leases” edition, chronicling the largest office leases completed in San Diego for 2015. In the list, the JLL Agency Team represented Landlords and brokered 7 of the top 10 deals.

Below are some quick case studies of… Read More

[REPORT] Sustained leasing activity in Q1-2015, rental rates remain stable at peak levels

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

Q1-2015-Life-Sciences-Insight-1Coming off a banner year in 2014, the San Diego life sciences market recorded sustained leasing activity during the first quarter of 2015. Companies at both early stage and later stage drug discovery continued to secure funding and see growth in operations. The public markets experienced… Read More

San Diego Medical Office Snapshot | Q1 2015 [REPORT]

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

  • 1Q15-MOBLeasing activity is steady. Vacancy is gradually dropping. Rents and prices everywhere are up and will keep climbing. Investment property and owner-user demand is sky-high but good opportunities are limited. On-campus MOB and hospital construction is significant while off-campus development is mostly limited to pre-leased buildings.
  • Owner-user sale activity is at
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