What is a Phase 1 Environmental Site Assessment (ESA) and how much do they cost?

A Phase 1 Environmental Site Assessment (ESA) is a report prepared by a qualified environmental professional that assesses the likelihood of contamination that could potentially impact the environment or the subject property. They are an important part of the due… Maurice BedardMaurice is the Chief Inspector for U.S. Commercial Building Inspections of Southern California. He […]

Commercial Roof Leaks: Why skylights leak and how to prevent it

Skylights are a common feature on commercial property roofs. They are installed to let in natural light, which can help reduce energy costs. However, they can also be a source of water leaks, which can cause significant damage to the interior of the building, including the ceiling, walls, and floor. Leaks can also lead to […]

What do commercial building inspectors look for?

As a commercial property inspector, it is my job to assess the condition of commercial buildings to ensure they do not have major structural and mechanical defects, and that they comply with building codes and regulations. It is my job to ensure that a building is in good shape, safe, and up to code. I aim […]

Are commercial life science buildings the best investment?

The life sciences industry encompasses a wide variety of medical fields, including biotechnology, pharmaceuticals, biomedical technologies, life systems technologies, nutraceuticals, and biomedical device manufacturing. From a commercial real estate investment perspective, the life sciences sector is one of the hottest sectors for investment. The demand for commercial life science buildings has skyrocketed over the last couple of years with […]

Protea Properties Purchases Five Commercial Buildings in San Diego County

The La Jolla-based real estate firm, Protea Properties recently closed on five commercial buildings in San Diego County, California for a combined price of $47 million. Four of the properties were in Chula Vista and one in Mission Valley. All the buildings were either approximately or fully leased at the time of the sales. The properties were: […]

Spring Valley Apartments at 8914 Delrose Sales for $10.8 Million

The Lanai Village apartment complex in Sring Valley, California recently sold for approximately $10.8 million. The buyer was Twelve Management Group, LLC. The property was built in 1965 is 32,944-square-feet with 48 apartments – 26 one-bedroom, one-bathroom apartments, and 22 two-bedroom, two-bathroom apartments and is located at 8914-8926 Delrose Ave. Apartment amenities include a courtyard and pool, […]

Poway Medical Building Sales for $100 Million

Cushman & Wakefield recently sold a 160,000-square-foot medical office building owned by Palomar Health in Poway, California, in a sale-leaseback transaction for more than $100 million. Pomerado Outpatient Pavilion is Poways largest medical building and was the only medical office building to sell in San Diego County since the start of the year that is larger than 25,000 […]

New Fannie Mae COVID-19 Property Inspection Protocols

Fannie Mae’s new Temporary Property Inspection Protocols states that mortgage servicers should work with their inspectors to follow the CDC guidance for safe interactions for entering any properties. When it is safe to do so, inspectors must make the best efforts to inspect common areas and vacant units. When access is limited, they allow virtual walkthroughs using Zoom, FaceTime, […]

San Diego Restaurants and Bars Struggle to Pay Rent to Commerical Property Landlords

The San Diego restaurant industry has been especially hit hard by the COVID-19 lockdowns and new purple tier restrictions, which have nearly shuttered their indoor operations due to Governor Gavin Newsom’s new stay-at-home orders. On-site dining must stop, but restaurants can still offer takeout and delivery. Many restaurants are forced to consider laying off the […]

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