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La Place Court office property is 90 percent leased with tenants including Neuroscience Education Institute and CortiCare Inc.
Nelli-Regen Three LLC has bought the 83,200-square-foot Element creative office campus in Carlsbad, Calif., for $23.1 million, or $277.64/sf. The property is fully leased to seven tenants, including 5D Robotics and Ormet Circuits Inc.
The building is encumbered by an $11.9 million loan that's securitized through COMM, 2013-CR8. The loan carries a fixed rate of 4.56 percent and is locked out from prepayment until December 2022. The loan was transferred to the deal's special ...
The San Diego developer paid $10.5 million, or $155.50/sf, for the 67,528-sf property at 6305 El Camino Real, and $12.8 million, or $313.53/sf, for the 23,375-sf building at 2320 Faraday Ave. and 17,451-sf 2330 Faraday Ave. The latter two were ...
fully leased.
Wachovia Bank Commercial Mortgage Trust, 2007-C30, held a $186.5 million mortgage against the property. The loan initially had transferred to special servicing in 2010 because it was expected to default as the recession took an especially hard toll on upscale ...
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