Fourth of July barbecues, week-long vacations and sand on the floor mats of our cars. We can now appreciate – especially after the nasty May gray and June gloom – summer being in full swing. I think we can also safely say that the economic (and real estate) recovery is also in full swing. The unemployment rate in San Diego has… Read More
REAlliance, LLC purchased a 27,239-square-foot medical office building in San Diego’s Kearny Mesa submarket from Daley Industrial Venture, No. 5 for $4.63 million. The property is located at 9737 Aero Drive.
JLL’s Chris Ross, Paul Braun and Kelly Moriarty and Colliers International’s Richard Lebert and Matt Zimsky represented the buyer, while Brandon Keith and Randy LaChance from Voit Real Estate Services represented the seller.
By Paul Braun, Chris Ross, and Kelly Moriarty JLL San Diego | Healthcare Practice Group
Leasing 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.