Daily Business Report-Jan. 30,2019
Carlsbad Airport Plaza was sold for $14 million to Peregrine Realty.
Peregrine Realty buys Airport Plaza
office property for $14 million
A limited partnership controlled by the principals of commercial real estate firm Peregrine Realty Partners purchased Carlsbad Airport Plaza, an office property in Carlsbad, for $14 million. The seller was Swift Real Estate Partners.
Located at 5963 La Place Court, the three-story, 64,817-square-foot office building features newly renovated common areas and restrooms, balconies for select suites as well as new landscaping, and is occupied by a diverse tenant mix including technology, health care, finance, and engineering firms. The property was 86 percent occupied at the time of sale.
Positive momentum during the second half of last year positioned the greater San Diego area office market well ahead of where it was in 2017 regarding net absorption, asking rates and vacancy, according to CBRE research. As the leading North San Diego office submarket, Carlsbad has accounted for approximately 70 percent of North County’s absorption since 2017.
CBRE’s Louay Alsadek and Hunter Rowe represented the seller, Swift Real Estate Partners, which had acquired the property as part of a portfolio transaction in 2016. Peregrine represented itself.
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Supervisors approve former court
building as temporary migrant shelter
The county Board of Supervisors voted Tuesday to lease its vacant former Family Court building Downtown to Jewish Family Service so it can serve as a temporary shelter for asylum-seeking migrants.
The board voted 4-1 in favor of the shelter plan, with Supervisor Jim Desmond opposed.
The migrants have been legally admitted into the United States pending the outcome of their applications for asylum. Many intend to travel to other locations to reunite with family members, but federal immigration authorities have been releasing the migrants into San Diego communities before their travel plans are in place.
A network of nonprofit organizations called the San Diego Rapid Response Network stepped in to assist migrants in this transitional phase. Jewish Family Service of San Diego took the lead in operating a shelter, providing migrants a place to stay, food, medical care, legal services and help with travel arrangements. The average stay for families is 24 to 48 hours.
Jewish Family Service must leave its current shelter location by Feb. 15. Tuesday’s action will allow Jewish Family Service to lease the vacant Family Court Downtown for $1until Dec. 31, 2019.
Jewish Family Service will reimburse the county for costs to open and maintain the premises, and will also pay costs to operate the shelter.
In November, the County provided vaccines to migrants at the Tijuana shelter. Staff also began monitoring the San Diego migrant shelter for potential public health concerns. Nursing and medical staff worked with contracted partners to begin health screenings last month and those assessments will continue when Jewish Family Service moves to the new location. The County is also monitoring food safety.
The Family Court property is owned by the county and has been vacant since the new courthouse was built Downtown. Once the migrant shelter lease expires, the buildings will be demolished to make way for affordable housing.
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CP Technologies wins contract to modernize
computers in Greece’s P3B Orion aircraft
CP Technologies in San Diego, a provider of ruggedized computer hardware, servers and LCD displays designed for harsh military and industrial environments, has won a contract to modernize and update the mission control computers in the P3B Orion aircraft used by the Hellenic Navy and Air Force in Greece.
The P-3 Orion is the standard for maritime patrol and reconnaissance, and is used for homeland security, anti-piracy operations, humanitarian relief, search and rescue, intelligence gathering, antisubmarine warfare and, recently, to assist in air traffic control and natural disaster relief support.
CP Technologies’ mission computers are used in the ISR (Intelligence, Surveillance and Reconnaissance) consoles onboard the aircraft and were designed to offer advanced computing technology in order to accommodate new ISR capabilities in the rough aircraft environment like Advance map rendering and GPS tracking, sensor and surveillance data analysis, etc.
The unit was designed to accommodate and certified to operate under extreme environmental conditions such as Electromagnetic Interference, Temperature ranges as low as -40C and as high as +70C.
The modernization plan is a seven-year program and includes the maintenance and support of five of the six P-3B Orion turbo-prop aircraft transferred to Greece by the United States during 1991 and 1992. In 2014, the US State Department approved a Foreign Military Sale to Greece for P-3B aircraft overhaul and upgrade as well as associated equipment, parts, training and logistical support for an estimated cost of $500 million.
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Scientist donates $125,000 from research
prize to ALS Association in San Diego
The ALS Association Greater San Diego chapter has received a $125,000 donation from Paul Negulescu, senior vice president at Vertex Pharmaceuticals, which operates a facility in San Diego. Negulescu was one of five scientists recently honored with a Warren Alpert Foundation prize. The Warren Alpert Foundation, in association with Harvard Medical School, annually honors scientists whose research work has improved the understanding, prevention, treatment or cure of human disease.
Vertex said Negulescu was honored for transformative discoveries in the fields of genetics, physiology, pulmonology and pharmacology that led to the development of life-altering precision-targeted treatments for the devastating multi-organ disease cystic fibrosis (CF).
Negulescu, together with his longtime Vertex colleagues who contributed to the CF research, chose to donate the prize money to the ALS Association Greater San Diego chapter in honor of their friend and colleague, Peter Grootenhuis, who is living with ALS, or amyotrophic lateral sclerosis, often called Lou Gehrig’s disease. Negulescu’s donation to the ALS Association represented the entirety of the prize money received.
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Ellen Schmeding appointed to
California Commission on Aging
St. Paul’s Senior Services’ Chief Operating Officer Ellen Schmeding has been appointed to the California Commission on Aging. Schmeding was one of two San Diego County residents appointed to the state’s oversight boards, part of a suite of 16 nominations of California residents.
“I am greatly honored to serve on the California Commission on Aging and will join other commissioners in providing advice and recommendations to the governor and California Legislature, as well as state and local agencies on how best to provide services for our State’s seniors,” said Schmeding. “With the rapidly expanding senior population, it is more important than ever to enhance our planning efforts so that we may provide our seniors with a broad array of options to enhance their health, safety, and well-being.”
Schmeding has held positions throughout the San Diego County Health and Human Services Agency from 1997 to 2016, including directors of aging and independence services. She is also a member of the San Diego Senior Alliance and the National Association of Area Agencies on Aging.
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Susan Davis gets chair of Subcommittee
on Higher Education and Workforce Investment
Congresswoman Susan Davis (D-San Diego), a senior member of the House Committee on Education and Labor, was named as the chair of the Subcommittee on Higher Education and Workforce Investment. As chair, Davis will focus on college affordability, expanding apprenticeship programs, and school safety, and emphasize career and technical training – especially for women.
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Personnel Announcements
Casey Beck and Noah Champlin named
employee-owners of Sundt Construction
Casey Beck and Noah Champlin are now employee-owners of Sundt Construction Inc., joining the company’s Building Group, California District’s San Diego office.
Beck joins Sundt as a mechanical, electrical and plumbing specialist with over six years of experience. He has directed large construction teams and subcontractors on multi-million-dollar government, residential, hospitality and technology projects. Beck earned his bachelor’s degree from the University of Nebraska, Lincoln in construction management with a minor in business.
Champlin rejoins Sundt as a field engineer on a commercial project, after serving as an intern for the company. As an intern, he worked on the California Baptist University Event Center project performing various duties, including verifying submittals and RFI logs and maintaining records of drawings with changes. Champlin recently graduated from California Polytechnic State University, San Luis Obispo with a bachelor’s degree in construction management.
Sundt has over 70 years of project work throughout the state of California and nearly 130 years throughout the US. The company just broke ground on the San Diego International Airport Support Facilities project.
