Regions West
Reno Contracting to Build 290,000SF of Tenant Improvements for Bridgepoint
May 29, 2008

Bridgepoint Education has tapped Reno Contracting to facilitate 290,000 square feet of tenant improvements at the class A Sabre Springs office campus where the education company signed leases for the space with property owner Kilroy Realty Corp. in February. Reno's work will involve the building at 13480 Evening Creek Drive in San Diego, Calif., which Bridgepoint will occupy in its entirety upon completion of construction, and the building at 13500 Evening Creek Dr. where the company will be the lead tenant with 96 percent of the space. The theme is green for Sabre Springs--Kilroy is seeking LEED certification for the project--and Reno has more than a little experience in environmentally friendly tenant improvement.

 
Recent West Headlines
$300M California Hospital Expansion Gets Nod from City Council
The City Council of Valencia, Calif., has approved the $300 million expansion plan for Henry Mayo Newhall Hospital, under which the facility will gain a new patient wing and three additional medical buildings, along with a helipad and new parking structures.
FDIC to Open Temp Office to Handle Resolutions, Receivership Operations
The Federal Deposit Insurance Co. is temporarily taking 200,000 square feet of office space at 40 Pacifica Place in Irvine, Calif., to manage receiverships and to liquidate assets from failed financial institutions, mostly in the Western United States.
Gaylord Nixes Plans for $1B San Diego-Area Resort
Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project’s abandonment was not caused by the frozen debt markets that have wreaked havoc on developments across the nation.
Boston Properties Closes $375M Financing of Four Embarcadero Center
Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by a syndicate of life insurance companies and bears interest at a fixed rate of 6.10 percent annum.
Report: Climate Change Puts California Real Estate, Economy at Risk
While the real estate sector continues to take a beating by economic forces, there may be yet another peril on the horizon that could harm the industry just as much--if not more.