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…
38-Unit Multifamily Investment Property in El Cajon Sold for $9M
El Cajon, CA – January 25, 2022 – Lee & Associates Multifamily Advisory Group (MAG) and Eric von Bluecher just completed the sale of 38 Units in El Cajon. The property was well maintained and featured 16, two bed, one bath units, 16, one bed, one bath units, six studios, 31 parking spaces, community pool and laundry room. Eric von Bluecher and the Lee & Associates Marketing Team executed full marketing on the property, generated multiple offers from…
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…
Lee & Associates Lee Land Team sells 118 acres in Lake Elsinore
Lake Elsinore CA – Lee & Associates, a nationwide leader in commercial real estate services, announces the sale of approximately 118 acres in Lake Elsinore CA for $1,200,000. The property is located east of Greenwalk Ave. & Central Ave. and is part of the Meadowbrook Specific Plan. The specific plan allows for 364 4,000 – 8,000 SF residential lots however the site is unentitled. The site was sold by Lake Elsinore Holding Co. LLC, an…