15 November 2016
San Diego
Reporter: Becky Butcher
New HQ facility on the cards in San Diego
RAF Pacifica Group has released plans to create a 144,461-square foot corporate headquarters facility in Carlsbad, San Diego.

The group acquired the un-developed land for a total consideration of $8.8 million from Carlsbad Oak North Partners.

The development, which is divisible down to 72,231 square feet, is designed to accommodate tenants in the tech and biotech industry.

The facility will also include 50,000 to 70,000 square feet of office space.

Adam Robinson, owner of RAF Pacifica Group, commented: “Today’s tech, biotech, and manufacturing companies are seeking flexible workspaces that will allow them to consolidate their research and development, engineering, and corporate operations under one roof for maximum efficiency.”

The new facility is scheduled to open in Q2 2017, and marks the group’s seventh development project in San Diego.

Mike Erwin and Tucker Hohenstein of Colliers International represented RAF Pacifica Group as the buyer, while Ted Cuthbert of Colliers International represented the seller.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Peter Cirenza named head of London operations at Tikehau Capital
24 April 2017 | London | Reporter: Theo Andrew
The creation of this new role is intended to broaden Tikehau Capital’s global leadership team
Kennedy Wilson Holdings to merge with European arm
24 April 2017 | London | Reporter: Theo Andrew
KW, the California based real estate company, will take full control of the merged group, expected to have a market capitalisation of approximately $4 billion
Finnish shopping centre taken on by Barings
24 April 2017 | Espoo, Finland | Reporter: Theo Andrew
Constructed in 2008, the shopping centre has a heated garage with 300 spaces and sits 25 minutes from Helsinki by train
90 North exits Siemens UK gas turbine HQ
21 April 2017 | Lincoln, UK | Reporter: Katherine Brown
Real estate investment firm 90 North has sold Feilden House in Lincoln to Siemens PLC, a global engineering and technology services company
French election to affect investor strategies
21 April 2017 | London | Reporter: Theo Andrew
Research conducted by Intertrust also found that 48 percent said the outcome of the German Federal Election in September would have the same effect
Invesco acquires 50 percent of London shopping centre
21 April 2017 | London | Reporter: Theo Andrew
Invesco has been working to increase its allocation in shopping centres and this asset is forecast to provide a solid net operating income
Investec finances Ballymore industrial sites
20 April 2017 | London | Reporter: Theo Andrew
Ballymore Group is seeking to secure residential planning consent at the sites