By: Ron Derven, contributing editor, Development
Winter 2010
This isn’t the best of times to bring a speculative project out of the ground in most markets, but that doesn’t mean there aren’t other compelling opportunities out there. Case in point: a joint venture (JV) between Kearny Real Estate Company and TriGate Capital. The JV acquired a vacant 74,000-square-foot flex/research and development building in San Diego in a short sale and is moving forward with its repositioning.