Cassidy Turley sells former Upper Deck HQ for $16M
Cassidy Turley has announced the sale of Atlas at Carlsbad, a 246,668-square-foot building located at 5909 Sea Otter Place for $16 million. The building is the former headquarters of the Upper Deck trading card company.
The buyer is Regent Properties, which according to Aric Starck, Managing Director with Cassidy Turley's Carlsbad office, plans to reposition the property to serve growing tenant demand in the market, which has a scarce supply of large blocks of contiguous space.
"This facility is … considered a single tenant corporate headquarters building," Starck said. "Regent has begun redeveloping the building to allow for a single tenant or multiple office and R&D tenants."
Starck, along with Cassidy Turley Managing Director Dennis Visser represented the seller in the transaction, WP Carey. Starck also represented Regent Properties.
Several improvements are currently being done to the property, including interior renovation and modernization, new exterior glazing, new landscaping additional parking and site work.
"Carlsbad currently has no new spec construction," said Starck. "This project will be well positioned to capitalize on an environment where we are seeing significant net absorbtion and decreasing vacancy year after year."
In other news, Cassidy Turley's Carlsbad office has also announced the sale of the North County Corporate Center, a five-building, 493,898-square-foot industrial park in Vista for $57.65 million to Cornerstone Real Estate Advisors LLC. The seller was New York-based JPMorgan Chase.
Starck represented the buyer and the seller, along with Rick Putnam and Bret Hardy of the Los Angeles office of Colliers International.
North County Corporate Center's five buildings are set on 26 net acres at 990 and 995 Joshua Way and 2750, 2760 and 2765 Progress St. less than one mile from the California State Route 78 freeway corridor.
Built in 1999, North County Corporate Center features 26-foot ceiling clear height, dock-high and grade-level doors, mezzanines, office space and generous parking.
Tri-City Medical Center names new CEO
Tri-City Medical Center has announced the hiring of Tim Moran as its new CEO following a nationwide search. Moran, who most recently served as CEO at Valley Hospital in Spokane, Washington, starts the new job on June 23.
In a press release announcing the hire, Tri-City Healthcare District's Board of Directors Chairman Larry Schallock said Moran brings "extensive strategy and operations experience leading hospitals."
Our organization will benefit greatly from Tim's collaborative leadership approach and strong focus on developing a close relationship with the community that we serve," added Schallock.
Valley Hospital is a part of Community Health Systems. Moran is an experienced senior healthcare executive with more than 35 years of leadership experience and a track record of success serving as chief executive officer, president and administrator for hospitals in several states.
Moran has served as interim CEO at Mountain West Medical Center in Tooele, Utah, and Watsonville Community Hospital in Watsonville, California.
He has also held president and chief executive officer roles at Dignity Health in Sacramento, Calif.; Methodist Hospital in Sacramento, Calif.; Mercy Hospitals in Bakersfield, Calif.; East Moreland Hospital in Portland, Ore.; and San Ramon Regional Medical Center in San Ramon, Calif.
Moran earned a Master of Public Administration degree in healthcare administration from Syracuse University and a Bachelor of Arts degree in economics from Union College in Schenectady, N.Y.
He is a member of the American College of Healthcare Executives (ACHE), Association of American Medical Colleges (AAMC), Hospital Council of Northern and Central California and the Catholic Health Association (CHA).
Moran and his wife, Vicki, have three daughters who all live in the California area.
Desal pipeline halfway done
Poseidon Resources has announced that the 10-mile pipeline connecting the Carlsbad Desalination Plant to the San Diego County Water Authority's distribution system is half-way finished. Approximately five miles, or 26,400 linear feet, of the large-diameter pipe has been installed through San Marcos, Vista and Carlsbad.
Upon completion, the Carlsbad Desalination Project will be the largest, most technologically advanced and energy-efficient seawater desalination plant in the Western Hemisphere. It will produce up to 50 million gallons a day and account for about one-third of all the water generated in San Diego County, helping reduce reliance on imported water as part of the Water Authority's multi-decade strategy to enhance the region's water supply reliability. In 2020, the project will meet about 7 percent of the region's water demand.
"Through the construction of the Carlsbad Desalination Project, we are working to deliver enough high-quality, fresh drinking water to serve approximately 112,000 San Diego County households," said Peter MacLaggan, Vice President of Poseidon Water, the project's private developer. "A project of this size is an enormous task that impacts the communities where we are working, and we would not be celebrating this milestone without the cooperation and support of the residents, businesses, property owners and city staff in Carlsbad, Vista and San Marcos."
Pipeline installation began in spring 2013 in San Marcos, where street restoration is under way. Restorations are also occurring in Vista this month. Construction in Carlsbad, home to the largest portion of the pipeline, is ongoing. Crews recently installed a critical segment of pipeline along Cannon Road east of Interstate 5, and they are working around the clock to install pipeline along Faraday Avenue. Additionally, pipeline installation on South Melrose Drive began this month and is expected to continue through 2015.
Teachers: Deadline for ArtSplash grants is Aug. 1
North County schools and teachers wishing to apply for grants for arts and music programs for the 2014-15 school year from ArtSplash have until Aug. 1 to turn in their applications. Recipients will be notified by early September.
ArtSplash, an annual community celebration for arts education, is taking place on Sept. 27-28, 2014 on Armada Drive in Carlsbad.
To date, ArtSplash has contributed more than $50,000 to school programs for diverse visual and performing arts and music programs. Currently, grants totaling $8,154 are funding 17 innovative and enriching programs for K-12 students within Carlsbad Unified School District, Encinitas Union School District, Oceanside Unified School District, San Dieguito Union High School District, San Marcos Unified School District and Vista Unified School District.
Past recipients have used their grants for such diverse programs as one that uses storytelling tools to examine the disappearance of bees and an after school music program. A high school band used its grant as it traveled to Carnegie Hall to perform.
Grant guidelines and applications are at www.carlsbadartsplash.org/grant.htm. For questions, call 760-436-2828.
Cassidy Turley has announced the sale of Atlas at Carlsbad, a 246,668-square-foot building located at 5909 Sea Otter Place for $16 million. The building is the former headquarters of the Upper Deck trading card company.
The buyer is Regent Properties, which according to Aric Starck, Managing Director with Cassidy Turley's Carlsbad office, plans to reposition the property to serve growing tenant demand in the market, which has a scarce supply of large blocks of contiguous space.
"This facility is … considered a single tenant corporate headquarters building," Starck said. "Regent has begun redeveloping the building to allow for a single tenant or multiple office and R&D tenants."
Starck, along with Cassidy Turley Managing Director Dennis Visser represented the seller in the transaction, WP Carey. Starck also represented Regent Properties.
Several improvements are currently being done to the property, including interior renovation and modernization, new exterior glazing, new landscaping additional parking and site work.
"Carlsbad currently has no new spec construction," said Starck. "This project will be well positioned to capitalize on an environment where we are seeing significant net absorbtion and decreasing vacancy year after year."
In other news, Cassidy Turley's Carlsbad office has also announced the sale of the North County Corporate Center, a five-building, 493,898-square-foot industrial park in Vista for $57.65 million to Cornerstone Real Estate Advisors LLC. The seller was New York-based JPMorgan Chase.
Starck represented the buyer and the seller, along with Rick Putnam and Bret Hardy of the Los Angeles office of Colliers International.
North County Corporate Center's five buildings are set on 26 net acres at 990 and 995 Joshua Way and 2750, 2760 and 2765 Progress St. less than one mile from the California State Route 78 freeway corridor.
Built in 1999, North County Corporate Center features 26-foot ceiling clear height, dock-high and grade-level doors, mezzanines, office space and generous parking.
Tri-City Medical Center names new CEO
Tri-City Medical Center has announced the hiring of Tim Moran as its new CEO following a nationwide search. Moran, who most recently served as CEO at Valley Hospital in Spokane, Washington, starts the new job on June 23.
In a press release announcing the hire, Tri-City Healthcare District's Board of Directors Chairman Larry Schallock said Moran brings "extensive strategy and operations experience leading hospitals."
Our organization will benefit greatly from Tim's collaborative leadership approach and strong focus on developing a close relationship with the community that we serve," added Schallock.
Valley Hospital is a part of Community Health Systems. Moran is an experienced senior healthcare executive with more than 35 years of leadership experience and a track record of success serving as chief executive officer, president and administrator for hospitals in several states.
Moran has served as interim CEO at Mountain West Medical Center in Tooele, Utah, and Watsonville Community Hospital in Watsonville, California.
He has also held president and chief executive officer roles at Dignity Health in Sacramento, Calif.; Methodist Hospital in Sacramento, Calif.; Mercy Hospitals in Bakersfield, Calif.; East Moreland Hospital in Portland, Ore.; and San Ramon Regional Medical Center in San Ramon, Calif.
Moran earned a Master of Public Administration degree in healthcare administration from Syracuse University and a Bachelor of Arts degree in economics from Union College in Schenectady, N.Y.
He is a member of the American College of Healthcare Executives (ACHE), Association of American Medical Colleges (AAMC), Hospital Council of Northern and Central California and the Catholic Health Association (CHA).
Moran and his wife, Vicki, have three daughters who all live in the California area.
Desal pipeline halfway done
Poseidon Resources has announced that the 10-mile pipeline connecting the Carlsbad Desalination Plant to the San Diego County Water Authority's distribution system is half-way finished. Approximately five miles, or 26,400 linear feet, of the large-diameter pipe has been installed through San Marcos, Vista and Carlsbad.
Upon completion, the Carlsbad Desalination Project will be the largest, most technologically advanced and energy-efficient seawater desalination plant in the Western Hemisphere. It will produce up to 50 million gallons a day and account for about one-third of all the water generated in San Diego County, helping reduce reliance on imported water as part of the Water Authority's multi-decade strategy to enhance the region's water supply reliability. In 2020, the project will meet about 7 percent of the region's water demand.
"Through the construction of the Carlsbad Desalination Project, we are working to deliver enough high-quality, fresh drinking water to serve approximately 112,000 San Diego County households," said Peter MacLaggan, Vice President of Poseidon Water, the project's private developer. "A project of this size is an enormous task that impacts the communities where we are working, and we would not be celebrating this milestone without the cooperation and support of the residents, businesses, property owners and city staff in Carlsbad, Vista and San Marcos."
Pipeline installation began in spring 2013 in San Marcos, where street restoration is under way. Restorations are also occurring in Vista this month. Construction in Carlsbad, home to the largest portion of the pipeline, is ongoing. Crews recently installed a critical segment of pipeline along Cannon Road east of Interstate 5, and they are working around the clock to install pipeline along Faraday Avenue. Additionally, pipeline installation on South Melrose Drive began this month and is expected to continue through 2015.
Teachers: Deadline for ArtSplash grants is Aug. 1
North County schools and teachers wishing to apply for grants for arts and music programs for the 2014-15 school year from ArtSplash have until Aug. 1 to turn in their applications. Recipients will be notified by early September.
ArtSplash, an annual community celebration for arts education, is taking place on Sept. 27-28, 2014 on Armada Drive in Carlsbad.
To date, ArtSplash has contributed more than $50,000 to school programs for diverse visual and performing arts and music programs. Currently, grants totaling $8,154 are funding 17 innovative and enriching programs for K-12 students within Carlsbad Unified School District, Encinitas Union School District, Oceanside Unified School District, San Dieguito Union High School District, San Marcos Unified School District and Vista Unified School District.
Past recipients have used their grants for such diverse programs as one that uses storytelling tools to examine the disappearance of bees and an after school music program. A high school band used its grant as it traveled to Carnegie Hall to perform.
Grant guidelines and applications are at www.carlsbadartsplash.org/grant.htm. For questions, call 760-436-2828.