San Diego
Bixby Land Co. has acquired a 50,000-square-foot research anddevelopment facility in San Diego, for $9.2 million. The property,which was purchased from LBA Realty, increases Bixby's totalportfolio to more than six million square feet. With thisacquisition complete, the REIT is shifting its acquisition focus toa value-add investment strategy based on changing market dynamicsin 2010. "We believe we can identify investment opportunitiessuitable for our REIT from distressed sellers needing to dispose oftheir properties," says Bill Halford, president and CEO of BixbyLand Co. "The existence of these opportunities will have asignificant influence on our acquisition strategy as we look toexpand our REIT portfolio." The single-tenant research anddevelopment building constructed in 1991 is located at 6325 LuskBlvd. in the Sorrento Valley sub-market of San Diego. The buildingis occupied by Quantum Designs, a manufacturer of integrated,automated systems for characterizing scientific research materialsover a broad range of temperatures and applied magnetic fields.Harry Stone of Voit Commercial Brokerage represented both Bixby andLBA in the transaction.
Latham & Watkins LLP leased 28,726 square feet of officespace for three years, eight months at 12636 High Bluff Dr., Suite300 and 400, from Arden Realty Inc. for $3.3 million. Tony Russell,Joe Anderson and Brooks Campbell of Cassidy Turley BRE Commercialrepresented the lessor in the transaction. Jerry Keeney of CassidyTurley BRE Commercial represented the lessee.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
