View Condos Downtown San Diego

Added by Chad on Aug 18 9:10PM

When looking for view condos in downtown San Diego, there really are just a few premier buildings and floor-plans.  First one must ask themself if they want to be close to the Gaslamp Quarter and ballpark area or whether they want to be on the west side of downtown.  The federal, state and county courthouses and and commercial buildings that house many attorneys, accountants and San Diego’s own Chamber of Commerce are what really separates the two locations.

If one likes being on the west side, then they would be looking at view condos in downtown San Diego that are closer to Little Italy in a neighborhood known as the Columbia District.  These condos would include:

If one wanted to be on the other side of downtown, they would be looking at The Marina District or East Village which both run parallel to the historic Gaslamp Quarter entertainment zone.   Luxury view condos in these neighborhoods would include:

MARINA DISTRICT VIEW CONDOS

  • Pinnacle Marina Tower – Simply the most luxurious building in the Marina District!
  • Park Place – Elegant and great location for water views.
  • Renaissance – Large bedrooms and great location overall.
  • Harbor Club – Prime front row location with epic views of the San Diego Bay and Coronado.
  • Meridian – Large floor-plans with some view properties.  Built in 1983, but recently renovated and has top notch amenities.
  • Horizons -good views to South and East.  Moderate Amenities.

EAST VILLAGE CONDOS WITH VIEWS

  • The Mark – Modern, elegant and fantastic views to the south over Petco Park and the San Diego Bay.
  • Alta – Smallish floorplans, but a very cool, modern and sleek highrise with good views to the south, west and northwest over the Gaslamp Quarter.
  • Legend – Very cool views into the ballpark
  • The Metropolitan – Very posh luxury condos located on the top 10 floors of the Omni Hotel

 

Again, distinguishing between the 2 main areas I mentioned above, the best one bedroom view condos in Downtown San Diego are:

The Mark 06 plan – This one bedroom is great because it features 1054 sq/ft of living space and includes a half bath so guests need not enter the master bedroom.  Also, the master bedroom features dual vanity for his and hers sinks, plus a large walk in closet.

Add all of this to amazing views to the south, floor to ceiling glass and 2 balconies and you’ve got yourself a winner!  It’s good, really good.  Better yet, once you get to the 20th floors to the 27th floor, the ceiling heights are 10′ which adds so much volume to the room it’s hard to give it the merit it deserves with words.  Still yet, the appliances are upgraded to GE Monogram and the cabinets are Studio Becker from Germany.

Above you can see photos of The Mark 2306, which is the best one bedroom view condo to go for sale in 2013.  This property also features 2 parking spaces and a storage room.  This is a one bedroom view condo that can truly be lived in!!

The Mark has the best one bedroom floorplan in Downtown!

If you would rather be in the Columbia District and closer to Little Italy, then the best one bedroom view condo is at The Grande.  It’s the 04 in The Grande North and the 05 in The Grande South.  They are both really good, but I prefer the Grande South because there are good corridor views towards Coronado and back towards The Gaslamp Quarter.

This particular one bedroom view condo includes 899 sq/ft and has one and a half baths.  The Master has adequate closet space and the master bath has dual vanity and a tub shower combo.  The kitchen has a nice island that is great for entertainment and the dining area can also dully serve as a den if one doesn’t care for a formal dining space.

The Grande boasts amazing city and some water views!

This property features a fireplace and corners so there are lots of great angles for views and light to enter the space.  As you can see in the photos above, The Grande includes luxury appointments and the amenities are outstanding.

For more information about view condos in Downtown San Diego, give us a call: 619-309-8011

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Loft in Little Italy San Diego

 

Added by Chad on Aug 10 6:12PM

If you like loft properties then this loft in Little Italy San Diego is going to knock your socks off!  It’s not everyday that you come accross a loft in Dowtown San Diego with 19′ ceilings and walls of glass.  Not only does this property feature huge banks of glass, but it’s a corner residence which makes for amplified views and draws in more natural light than I’ve ever seen in any loft in Downtown San Diego.

Little Italy Loft

With a total interior space of 1905 sq/ft and 3 separate spaces where traditional bedrooms could be carved out if one wished to do so, this property is in a category all of it’s own.  This fabulous Doma Loft has San Diego bay views from every space in the house,  three full bathrooms and a large laundry room with ample space for full size side by side washer and dryer plus storage.

The exterior patio features approximately 500 sq/ft of living space and it’s one private staircase to direct street access.  If you have pets or just like to be discrete when coming or going, this is an ideal feature for you!  If you like to entertain, then fire up the grill because there’s plenty of space to have all your friends over to watch the sun set and enjoy a nice meal in the perfect San Diego weather.

Little Italy is one of the most charming communities in San Diego

The ground level, which sits about 15 feet above the street level, features 20 inch diagonal cut tile that flows from the entry hall right into the generous kitchen, living & dining areas.  If you like an open concept great room, then this is the Little Italy Loft for you.

The kitchen includes shaker box maple cabinets, Monte Carlo granite counters,  stainless steel Kitchenaid appliances and a large island which is perfect for breakfeast or setting up appetizers for guests.  There are only 3 of the same Doma Loft floorplan in the buildign and this is the first time one has been for sale since the developer, CityMark, originally sold the building.

Doma features a modern lobby, rooftop deck with BBQ’s and beautiful bay views,  fitness center, spa and serene courtyard area.  There are also commercial spaces that include a yoga studio, clothing boutique, hair salon and even a coffee and accessory shop.  This amazing loft in Little Italy San Diego includes 2 side by side parking and moderate monthly HOA dues at only $537/month.

Doma lofts are located just minutes from the San Diego bay, art galleries, shops, restaurants, boutiques, Petco Park, Balboa Park and newly coming county administration park.  Enjoy the charm and fantastic lifestyle that Little Italy offers.

LITTLE ITALY SAN DIEGO LOFT

  • 1905 square feet of living space
  • approximately 500 sq/ft of private patio space
  • bay views
  • 3 full baths
  • 3 bedroom spaces
  • full size laundry room
  • walk-in master closet
  • 2 side by side parking stalls in secured underground lot
  • 19 foot ceilings with floor to ceiling glass

For more information about this loft or other properties in Little Italy San Diego, give us a call: 619-356-3099

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What’s Driving the San Francisco Real Estate Market?

100 - 126 New Montgomery Street. - MIKE KOOZMIN/THE S.F. EXAMINER
  • MIKE KOOZMIN/THE S.F. EXAMINER
  • 100 – 126 New Montgomery Street.

San Francisco’s tech industry rush has translated into a golden commercial real estate industry with high office rents and big sale prices, but now there are concerns about where the nation’s hottest market is headed.

During a 10-month period from July 2012 to April, 48 properties valued at $20 million or more exchanged hands — illustrating the strength of the market and how San Francisco ended up with higher-than-expected property-sales taxes.

The sale prices of those properties totaled more than $4.5 billion, with 15 fetching more than $100 million and the 48-story tower at 101 California St. going for $910 million.

“San Francisco has recently been the healthiest office market in the U.S. thanks to the tech boom, and that health has attracted significant investor demand, including overseas capital,” said Jed Reagan, an analyst with the Newport Beach-based commercial real estate consulting firm Green Street Advisors.

This level of activity has not been seen since fiscal year 2006-07, right before the Great Recession set in.

As real estate costs remain high — Reagan said in some cases San Francisco office prices now exceed the cost of building new properties — there are worries about market sustainability.

“There’s significant concern about there being a bubble in the office market,” said Santino DeRose, a real estate broker and founder of the San Francisco-based DeRose and Appelbaum firm. “I am not sure there is one, as we are still seeing steady growth in office rents coupled with limited supply.”

Reagan said the market has slowed but remains healthy.

“The pace of investment sales has cooled a bit this year as interest rates have ticked up and San Francisco office fundamentals have moderated somewhat,” he said. “Fundamentals remain healthy, however, and San Francisco is still a highly sought-after market for global investors.”

The largest transaction in the 10-month period was for 101 California St., acquired by a Singaporean sovereign wealth fund, but it did not set a record. That honor goes to the early 2006 sale of the Bank of America Center at 555 California St., which went for $1.1 billion to a Donald Trump partnership.

The sale of 333 Market St., a 33-story office tower in the Financial District, exhibited how quickly a property can soar in value. It sold for $395.3 million to the Atlanta-based Wells Real Estate Investment Trust II in December. The same building sold for $333 million in 2010.

Dolby Laboratories moved to the mid-Market Street tech hub near Twitter with the $109.8 million purchase of 1275 Market St. Neighbors include other tech companies such as Zendesk, Zoosk, One Kings Lane and CallSocket.

The transactions also put more money into city coffers. With final numbers still pending for the fiscal year that ended June 30, the property transfer tax is projected at $245.9 million, up from the previous two fiscal years of $233.6 million and $135.2 million, respectively. San Francisco has budgeted $225.12 million for the current fiscal year.

Like all economic booms, a bust is always on the horizon. San Francisco is projecting a downturn in two years, according to its five-year financial report.

Reagan disagrees with that analysis. “While The City may not maintain its torrid economic growth pace of the past few years, a reduction in employment in the next several years appears unlikely,” he said. “The tech sector’s strength seems more sustainable this time.”

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What Happened Last Quarter?

Downtown Real Estate 2nd Quarter

Added by Chad

Real estate in downtown San Diego saw an improving marketplace and illustrated an overall exit of the distressed property market.  For the second quarter of 2013, there a total of 268 properties sold and the big news is that only 2 of them were bank owned properties!

The other distressed component were the 25 short sale properties we saw that represents only 9% of the market.  Together, the short-sale and foreclosure properties represent 10% of the total market for properties in downtown San Diego. 

Downtown San Diego distressed properties are becoming extinct!

The shift has really gone back to traditional sales where real estate agents represent buyers and sellers in a normal market.  As you can see, there were only 7 new home sales in the 2nd quarter and they were at Sapphire Tower and Breeza in Little Italy.

Properties sold in Downtown San Diego

In the first quarter of 2012, there were a total of:

  • 36 short sales
  • 7 bank owned foreclosure sales
  • 3 developer sales
  • 181 resale properties
  • 227 total properties sold

In comparing the first quarter and the 2nd quarter of 2013, one can see that both the number of short sales and forclosure properties are decreasing, however the total number of sales are increasing.  For the 1st quarter of 2013, the average number of sales per month was 76 and for the 2nd Quarter, the average has moved up to 89 properties per month.  The average number of properties sold per month year to date is 83 downtown San Diego properties.

Today, there are only 2 short sale properties and 4 bank owned properties on the market in Downtown San Diego.   The distressed properties are a dying breed and will be extinct before too long.

 For more information regarding buying or selling a property in San Diego, give us a call:  619-356-3099

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Luxury Lifestyle

Luxury San Diego Condo

Added by David Manes on Jul 31 3:51PM

The lifestyle opportunities at The Grande Condos in Downtown San Diego are like being on vacation every day. Located on Pacific Highway, in the “front row” of San Diego’s Columbia District, the views and location of this beautiful home rival the best ocean side hotels.

Recently listed, this 1,684 square foot condo is oriented on the southwest corner on the32nd floor of the Grande’s North Tower.  Every room in the home offers panoramic views from Mexico to Point Loma and the Pacific Ocean.  The large patio provides the perfect perch to enjoy every sunset and fireworks display.

The home is set up for casual, easy living.  A well equipped chef’s kitchen opens to large living and dining rooms.  The rich Brazilian Cherry floors have been extended into both bedrooms.   It features two large bedrooms, plus a den–each with spectacular views.  The den has been built out for a library and office.

The Grande San Diego Lifestyle

Think of it as a vacation opportunity every day!  People visit San Diego from all over the world to enjoy the sights and the sunshine that residents of The Grande experience daily.

The amenities are first class in every way.  A sun-drenched lap pool and spa is surrounded by chaise lounges and outdoor seating arrangements.  Lush tropical plantings are meticulously maintained.

The gym provides an abundance of cardio, free weights and a complete circuit for workouts.  For a less strenuous workout, both steam room and sauna are available.

The North Embarcadero

For nearly a decade, the city of San Diego and The Port Authority have been planning and implementing “The North Embarcadero Visionary Plan.”  This combination of public spaces and commercial development extends from The Midway Museum to the County Building.  Already, much of the plan’s footprint can be seen from the Grande Condo.

One of the many parking lots that will be converted to park land has been removed from the County Building in front of the residence.  Instead of asphalt and cars, the landscape will include water features, green space, sculptures and seating areas.

The ticket booths that once crowded the ferry landing and Maritime Museum on the west side of Harbor Drive have all been moved across the street.  A wide promenade for pedestrians will soon be completed on the waterfront.

The development that is most eagerly awaited however, are the hotels and retail shopping district proposed for Lane Field.  This project just north of Broadway will soon see a seventeen story hotel spanning the south side of the parking lot from Pacific Highway to Harbor Drive.

Please contact David Manes, San Diego Realtor for a showing of The Grande North #3206.  This amazing condo is priced at $1,395,000.

David can be reached at 858.432.3203 or david.manes@welcometosandiego.com

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Investors Flocking to Commercial Real Estate

Direct commercial real estate investment flows into Europe 18 percent higher year on year – driven by China and South Korea
Image of commercial high rise buildings - Source Teresa Howes

USD121 Billion Was Invested Directly into Commercial Real Estate Globally in Q2 2013
  • USD121 billion was invested directly into commercial real estate globally in Q2 2013, up 16 percent from the first quarter.
  • Transaction volumes reached USD225 billion over the half year with Asia Pacific seeing the strongest growth y-o-y at 21 percent.
  • Continued net flow of capital out of the Americas and Asia Pacific into Europe. The net flow of overseas capital into European commercial real estate in H1 2013 rose by 18 percent y-o-y, to top USD 12 billion with Asia Pacific investors deploying USD5.6 billion.
  • London remains most actively traded city, receiving 60 percent of overseas capital into Europe in H1 2013 although investors are increasingly looking higher up the risk curve into secondary cities
  • US investors remain most active purchasers of property globally and demand is proving increasingly higher than supply with USD7 of capital pursuing every USD1 of prime product.
  • Download the latest Global Capital Flows infographic

Direct commercial real estate investment globally reached USD121 billion in the second quarter of 2013, according to Jones Lang LaSalle’s latest Global Capital Flows Report released today, a 16 percent increase from the first quarter of the year and 10 percent higher than Q2 2012. Volumes came in at USD225 billion for H1 2013, with all three regions experiencing growth year on year, as concerns over monetary tightening measures failed to deter sentiment.

Increased cross-border activity

Over the first half of the year, cross border activity has grown by to USD71 billion (13 percent up on H1 2012) to total 42 percent of all transactional activity. The report shows that net inter-regional flows from the Americas and Asia Pacific into Europe over the first half of 2013 increased by 18 percent from H1 2012 to top USD 12 billion. While the larger markets such as the UK, Germany and France experienced some of the highest levels of global cross-border activity, capital is becoming increasingly wide-spread across the continent as investors look further up the risk curve for higher yields. Yet, despite this increased appetite for risk, the report shows that investors are still focussing the majority of their money into quality assets in prime locations with USD7 of capital pursuing every USD1 of prime product.

Asia Pacific accounted for the highest level of this overseas investment with USD8.5 billion of capital from the region being directed into the European and US commercial real estate market in H1 2013 as investors seek diversification. Driving the growth of inter-regional investment out of Asia Pacific is South Korea and China where overseas buying activity has more than doubled from both countries in the first half of this year compared to H1 2012.Arthur de Haast, Lead Director, International Capital Group at Jones Lang LaSalle said: “Asia Pacific and the Americas are seeing continued growth in investor appetite for direct commercial property, however, in contrast to what we witnessed last year, both new and experienced investors are taking on additional risk. This has led to increased capital into secondary cities, particularly in Europe and the US. This more broad based activity should continue and will sustain volumes over the second half of the year, which is traditionally busier than the first, maintaining our forecasts of USD450-500 billion for the full year 2013.”

Alistair Meadows, Director, International Capital Group Asia Pacific, Jones Lang LaSalle commented: “We continue to see new capital emerge from Asia Pacific, as investors look to diversify their portfolios into prime global cities such as New York and London. Over the past six months, Chinese and South Korean investors have driven this growth, especially in the residential and office sectors, and we expect emerging market institutional capital to be a major theme within commercial investment markets for many years to come.”

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Sports Celebrities and their New Properties

Training camps around the NFL opened for business this week, with just a mere 41 days of agony remaining before the2013 season officially kicks off. In a nod to the pigskin, realtor.com goes full gridiron in the latest Sunday Sports Page. From Brian Cushing to Troy Aikman, read on for the latest in NFL real estate and football player homes.

Greg Jennings’ Last Lambeau Leap (Top)
Greg Jennings may have left Green Bay for division rival Minnesota, but there is still a part of him that remains at Lambeau Field – well, sort of near Lambeau Field. Jennings’ future with the Packers was called into question earlier this year when he listed his De Pere, WI home for $525,000. Although he would eventually sign with the Vikings this offseason, as Jennings prepares to break camp with his new team, his former Green Bay home remains on the market with the same asking price.

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Alex Smith Kisses Bay Area Goodbye

Former No. 1 overall pick Alex Smith is now the No. 1 man in Kansas City. The quarterback was traded by the 49ers to the Chiefs this offseason, and now he’s looking to part ways with his home in Los Gatos, CA. Located roughly 30 minutes away from San Francisco’s new venue, Levi’s Stadium, the property offers a comfortable 5,650 square feet of living space, including 1,200 square feet in the master suite alone. Other perks of the $3.5 million property include a theater wet bar, a wood-paneled kitchen and a pool.

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Brian Cushing Slashes Price

The Houston Texans expect big return from a fully healthy Brian Cushing next season. The same cannot be said forthe linebacker and his waterfront home. When Cushing listed his Missouri City, TX property in January of 2011, the All-Pro was asking $1.4 million. Since then, he has chopped $100,000 off his asking price in a bid to sell the 7,000-square-foot home with five bedrooms and five baths. Built in 2007, Cushing’s digs features an art media room with a wet bar, a top tier security system with surveillance cameras and a pool.

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Elvis Dumervil Selling in Castle Rock
Did you know Elvis Dumervil likes tropical fish? Neither did I! After signing with the Baltimore Ravens this offseason, the talented pass rusher is looking to part ways with his Castle Rock, CO property, which just so happens to feature at least four built-in fish tanks by my count – one in the kitchen, one in the living room, one running down a hallway and yet another in the theater room. Dumervil is asking a cool $2.7 million for the 6,200-square-foot home.

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Keyshawn Johnson’s Big Chop

Apparently Keyshawn Johnson’s mega-mansion in Calabasas is proving to be a tough sell. After listing the massive 11,746-square-foot estate in February for $10.5 million, the former Pro Bowl wide receiver-turned-NFL analyst has chopped a cool $2 million off his asking price. Those questioning the credentials of Keyshawn’s mansion need not. Johnson’s mansion is strong in the amenities with a sunken basketball court, resort-style pool and a game room.

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Former No.1 NFL Draft Pick Selling Home

Ki-Jana Carter, the 1st-overall pick in the 1995 NFL Draft, is looking to part ways with his Plantation, FL estate. The former Penn State great, whose pro career never quite played out the way many expected, is seeking $1.77 million for the 9,477-square-foot spread, which has some impressive sports memorabilia hanging from the rafters.

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Troy Aikman Goes Deep in Big-D

Troy Aikman may not be a general manager, but he has pulled off quite a trade in recent days. The legendary Dallas Cowboys quarterback, who was previously offering one of the highest-priced pieces of Highland Park real estate, has apparently chosen to pick up another mansion in the same affluent neighborhood. Aikman shelled out $4.6 million for his new 10,662-square-foot home, which is slightly smaller and comparatively much less expensive than the $24 million manse he posted in 2011.

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