Poway, CA – October 25, 2022 – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates – NSDC have just sold 13535 Danielson Street in Poway in an off-market transaction. This approximately 30,667 square foot freestanding single-tenant industrial building is fully temperature-controlled and features two dock high doors, one grade level door, and a 26’ clear height. The Williams Roth Group of Lee & Associates North San Diego County represented the…
Lee Land Team Sells a 600+ lot Development Valley Center CA
Lee & Associates, a nationwide leader in commercial real estate services, and the Lee Land Team, announce the $6.3M sale of an 84.7-acre site in Valley Center CA. The property is located Valley Center Rd. and Cole Grade Rd. in Valley Center CA, and is zoned for up to 611 residential lots. Matt Weaver, Patrick Miller, Al Apuzzo and Alex Bentley represented both the Seller, Weston – Valley Center LLC and the Buyer, Indian Creek…
The Inventory Issue
March 24, 2022 | Alex Weiss Lee & Associates, Inc. – North San Diego County A former manager of mine used to refer to the commercial real estate business as “Mr. Toads Wild Ride.” It was a phrase that described the unpredictability in the industry and to be ready for whatever life throws at us next and to create solutions whenever necessary. The phrase was mainly in context with our own brokerage careers, but it…
Work From Home: COVID Fad or Long-Term Trend?
January 12, 2022 | Tim Gosselin – Principal | Lee & Associates North San Diego County
Here Today and Gone Tomorrow
The Industrial sector is the new “Park Place” on the Monopoly board. Who survived and thrived during and post-pandemic? Answer: construction supplies, Amazon. fabricators, tile, marble, granite, and woodworkers, and all associated construction suppliers are struggling to meet customer demand and are expanding. Essentially the wholesale sector and supply chain vendors who line the shelves and bays at the likes of Home Depot. It’s these companies and business segments that are the big winners right…
2021 Q1 North America Market Report
INDUSTRIAL OVERVIEW: CONSTRUCTION SETS RECORD, GROWTH CONTINUES Strong tenant expansion continued in the first quarter as developers were underway on a historic volume of new projects while the pace of rent increases downshifted slightly. Net absorption totaled 73,987,060 SF in the first quarter, bringing the aggregate for the last four quarters since the lockdown to 252.3 million SF the most since 2017. Vacancy is projected to remain between 5% and 6%, roughly half of the…
27,272 SF Industrial Building Sold for $6.25M
Carlsbad, CA – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates– NSDC (The Williams Roth Group) just sold 2261 Cosmos Court located in the Palomar Airport Business Park. This 27,272 square foot freestanding industrial/flex building sold for $6,250,000 and was leased to several tenants on short term leases. The Williams Roth Group represented the buyer, Burke Cosmos LLC, and the seller, Catalina Development, LLC.
Self-Representation Versus Broker-Representation In Real Estate Transactions
In this large and vibrant U.S. economy spanning a huge area of land, we can find many types of real estate transactions: land, commercial centers, industrial parks, office buildings, single and multi-family residential, mixed-use buildings, parking lots/garages and MANY others. In my career of over 20 years, I have seen many colors and shapes of real estate transactions and I am constantly surprised by the uniqueness of every client and requirement I see on a…